In a grand ceremony held at Panaji, EDC Limited, a pioneering financial institution in Goa, celebrated its 50th anniversary. The event was attended by Chief Minister Dr. Pramod Sawant, past and present employees, Board members, Chairman, and other stakeholders of the Corporation.
The occasion was marked by a grand cultural programme, which showcased the rich cultural heritage of Goa. The event also featured a commemorative souvenir and a corporate video of EDC, which was unveiled by the Chief Minister. The video captured the company’s journey and achievements over the past five decades.
In his speech, Chief Minister Dr. Pramod Sawant encouraged other government corporations to emulate EDC’s professionalism. He also suggested that EDC should explore new projects, such as one similar to Patto Plaza, and develop it near the Mopa Airport. The Chief Minister highlighted the importance of infrastructure in the state’s economic progress and praised EDC’s role in actively contributing towards the infrastructure and industrial growth of Goa.
Shri Sadanand Shet Tanavade, Member of Parliament (Rajya Sabha) and former Chairman of EDC Ltd, praised the Corporation and commended the Chief Minister for ensuring the corporation’s decisions remained free from political influence, contributing to its success.
Managing Director, Shri B S Pai Angle, highlighted EDC’s growth and role in promoting entrepreneurship in Goa. In his welcome speech, Shri Angle recounted the momentous journey of EDC over the past 50 years, the challenges faced, and the various business opportunities seized by the Corporation.
The event was graced by the presence of past Chairmen of EDC, including Shri Sadanand Shet Tanavade, Shri Krishna Kuttikar, Shri Felix De Lima, Shri Siddharth Kunkolienkar, and Shri Santosh Kenkre. All the past Chairmen of EDC, along with Shri Arvind Mauzo, the first employee of the Corporation, were felicitated on the occasion.
EDC Limited was founded on March 12, 1975, and has since played a vital role in promoting entrepreneurship and industrial growth in Goa. The Corporation has made consistent profits over the last 20 years and has an impressive track record of low Non-Performing Assets (NPA), making it one of the best financial institutions in the country.
The 50th-anniversary celebration of EDC Limited marked a significant milestone in the Corporation’s journey. It was a testament to the hard work and dedication of its employees, past and present, and a reflection of its commitment to promoting entrepreneurship and industrial growth in Goa.
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