Karnataka State Industrial and Infrastructure Development Corporation (KSIIDC) earlier known as Karnataka State Industrial Investment and Development Corporation, was established in the year 1964, as a wholly owned undertaking of the Government of Karnataka. It has been greatly instrumental in the industrialization of the State, especially in the large and medium sector. An important arm of the State in bringing industrial boom in various sectors, KSIIDC has assisted 394 companies through equity participation to the extent of Rs.351Crs spread across the State. KSIIDC has also extended financial assistance in the form of debt to core sector industries like Engineering, Chemical, Construction Policies, Hospitality and Real Estate, Agriculture etc. to an extent of around Rs. 2223Crs. KSIIDC is currently involved in recovery of the pending loan portfolios as well as development of major infrastructure projects taken up on PPP basis like, International Convention Centre & Devanahalli Business Park near KIA & Sea Port at Tadadi. In addition, KSIIDC has entered into joint venture with ILFS for providing consultancy & advisory services.