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History
1. The necessity for setting up
Technical Consultancy Organisations (TCO's) was felt by the Central Government
and Reserve bank of India (RBI) and the same was entrusted to leading Financial
Institutions namely IDBI,IFCI and ICICI after nationalization of Banks during
the year 1968 for the following reasons :
a) Small and Medium enterprises
was declared the priority sector for delopment by the Central Government.
b) The technical competence available then with the Banks and Financial Institutions
was not adequate and required to be supplemented.
c) Non availability of
reliable consultancy services at that time.
d) The available consultancy
services at that time were beyond the reach of small and medium entrepreneurs
due to high consultation costs.
2. HIMCON was established during the
year 1977 with IFCI as the lead institution along with IDBI, ICICI, Commercial
Banks and state level institutions like : H.P. State Industrial Development Corporation,
H.P. Financial Corporation, H.P. State Forest Corporation, H.P. Agro Industries
Corporation etc. HIMCON was one of the first TCO's, to be established with IFCI
as the lead institution.
3. HIMCON commenced its mission in the right
earnest and recruited  the
right kind of professionals, identified the resources of the state. HIMCON prepared
Pre- Feasibility Reports as well as Techno Economic Feasibility Reports on the
identified project and resources. These projects were subsequently commissioned
by the entrepreneurs. HIMCON appraised a number of projects for banks and Financial
Institutions, conducted entrepreneurship development programmes Which has
resulted in the development of large number of small enterprises in the state,
and HIMCON also engaged itself in the variety areas of services including management
consultancy services.
4. HIMCON was able to make was remarkable impact
by its contribution in grooming/ establishing entrepreneurs thereby establishing
its credibility amongst the State and Central Government, Banks and Financial
Institutions.
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