Panaji : March 18, 2025
EDC Limited, a pioneering financial institution in Goa, marked a significant milestone with the celebration of its 50th anniversary. The momentous occasion was commemorated with a grand cultural programme at Panaji Gymkhana recently.
The event brought together past and present employees, past and the present Board members, past and the present Chairmen, and other stakeholders of the Corporation.
Chief Minister Dr. Pramod Sawant, in his speech, encouraged other government corporations to emulate EDC’s professionalism and suggested that EDC should explore new projects, such as one similar to Patto Plaza. He further suggested that the Patto Plaza should be developed by EDC 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.
As a memento of this milestone, a commemorative souvenir and a Corporate video of EDC was unveiled at the hands of the hon. Chief Minister, Dr. Pramod Sawant, capturing the company’s journey and achievements over the past five decades.
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. He emphasized how EDC Ltd helps the Government not only by operating the flagship CMRY (Chief Minister’s Rozgar Yojana) scheme but also by paying regular Dividend and interest to the Government.
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. He highlighted that EDC has made consistent profits over the last 20 years and that the Corporation’s NPA (Non Performing Assets) is less than 1%, which is one of the best in the country.
EDC Limited was founded on March 12, 1975 and completed 50 years of existence. The event was graced by presence of the past Charimen of EDC – Shri. Sadanand Shet Tanavade, Shri. Krishna Kuttikar, Shri. Felix De lima, Shri. Siddharth Kunkolienkar, Shri. Santosh Kenkre, etc. All the past chairmen of EDC, along with Shri. Arvind Mauzo – the first employee of the Corporation were felicitated on the occasion.
