New Delhi: The Appointments Committee of the Cabinet (ACC) has appointed Vijayendra, an IAS officer of Assam (Meghalaya), 1991 cadre, as new Chairman and Managing Director (CMD) of National Small Industries Corporation (NSIC). Prior to his new appointment as CMD of NSIC, Vijayendra was serving as Joint Secretary, Department of Defence Production (Ministry of Defence).
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Vijayendra will replace Ram Mohan Mishra, an IAS officer of 1987 batch of Assam (Meghalaya) cadre, who was currently serving as CMD of NSIC.
In the major reshuffle, ACC also appointed Sukhbir Singh Sandhu, an IAS officer of 1988 batch of Uttarakhand cadre, as new Chairman of National Highways Authority of India (NHAI).
National Small Industries Corporation (NSIC) is a Miniratna PSU under the administrative control of Ministry of Micro, Small and Medium Enterprises (MSME). NSIC has been working to promote, aid and foster the growth of micro, small and medium enterprises in the country. NSIC operates through countrywide network of offices and Technical Centres in the Country. In addition, NSIC has set up training-cum-incubation centre managed by professional manpower.
NSIC had registered its highest business turnover of Rs. 22,457 crores in FY'18 compared to Rs 20,622 crores during the financial 2016-17 and the Profit (Before Tax and Provision for pay revision) amounted to Rs. 175.33 crore as against Rs 165.07 crore in FY'17.