Consider the following statements 1 The Punjab state Industrial Development Corporation was establis...........

Punjab Economy

Consider the following statements.

1.The Punjab state Industrial Development Corporation was established to promote planned industrial development in organised sector.

2.PSIDC is a company established in the year 1956.

3.It is responsible for making major projects happen in the new wconomic environment.

Which of the following statements is/are correct ?

2 Only

1 and 3 Only

2 and 3 Only

All of the above

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Explanation:

Punjab State Industrial Development Corporation (PSIDC), was established in the year 1966 to promote planned industrial development in the organised sector and to speed up industrialisation in the state of Punjab. Today, PSIDC’S name is synonymous in the corporate world and it is engaged in the promotion of large and medium scale projects. PSIDC is responsible for making major projects happen in the new economic environment.