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CM chairs HPSEDC Board Meeting, Directs timely payment to outsourced employees at Shimla

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Shimla : A meeting of the Board of Directors of the Himachal Pradesh State Electronics Development Corporation (HPSEDC) was held here today under the chairmanship of Chief Minister Thakur Sukhvinder Singh Sukhu.

The Chief Minister directed the Corporation to ensure that remuneration of outsourced employees is paid by the 7th of every month so that they do not face any hardship in meeting their day-to-day financial needs.
He informed that HPSEDC recorded a turnover of Rs. 275 crore during the year 2023-24 with a net profit of Rs. 15 crore, and a turnover of Rs. 300 crore during the year 2024-25 with a net profit of Rs. 18 crore. He further stated that the Corporation has registered business worth Rs. 199.25 crore during the current financial year up to 31st December, 2025.
The Chief Minister asked the Corporation to revise the technical charges at the rate of five percent for tenders amounting up to rupees five crore, at the rate of three percent for tenders amounting above rupees five crore upto rupees ten crore and at the rate of two percent for tenders above rupees ten crore.
The Board of Directors also approved the change in nomenclature of the Himachal Pradesh State Electronics Development Corporation (HPSEDC) to Himachal Pradesh Electronics Manpower and Overseas Employment Corporation, as the Corporation has also been facilitating the youth of the State in securing overseas employment.
Members of the Board of Directors of HPSEDC, Chief Secretary Sanjay Gupta, Principal Secretary (Finance) Devesh Kumar, Secretary (DDTG) Ashish Singhmar, Commissioner Industries Yunus, Director (DDTG) Dr. Nipun Jindal, Managing Director HPSEDC Harbans Brascon were also present in the meeting amongst others.

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