SIPCOT

Headquarters Rukmani

Lakshmipathy

Road,Egmore,Chennai -600 008 .

Key people

Thiru.Dr.Niranjan

Mardi,

IAS,Principal Secretary/Chairman & MD for SIPCOT

Website

in http://www.sipcot.com

The State Industries Promotion Corporation of Tamil Nadu (SIPCOT), Limited is an institution owned by the government of Tamil Nadu and is intended as a catalyst for the development of small, medium and large scale industries in Tamil Nadu. It was established in 1972. SIPCOT has established industrial complexes in 16 areas, according to the SIPCOT webpage. These include Bargur, Irungattukottai, Pudukkottai, Cheyyar, Manamadurai, Ranipet, Cuddalore, Nilakkottai, Siruseri, Gangaikondan, Oragadam, Sriperumpudur,

Gummidipoondi, Perundurai, Thoothukudi, Hosur. Objectives of SIPCOT SIPCOT has rendered fruitful services to the state by identifying, developing, maintaining industrial areas in backward and most backward talukas of the State, which had potential to grow. Establish, develop, maintain and manage industrial complexes, parks and growth centers at various places across the State of Tamil Nadu.

Provide escort services to medium and large scale industries. SIPCOT's role in assisting the industrialization in the State is not only quantitative but also qualitative. Instead of just accelerating the pace of industrial growth in already developed and densely populated areas, SIPCOT, as a nodal agency, strives to ensure that disbursal of financial incentives result in spurt of industrial growth in backward and hitherto under developed areas. To ensure a good impact with available limited resources SIPCOT has created industrial complexes, parks, growth centres in various strategically located places, which occupy a place of pride in TamilNadu's industrial map.

Indian Policies Industrial & Foreign investment policies Other sectoral GOI policies NRIs Policy Information Technology Policy Exim Policy Miscellaneous GOI Policy

Introduction TIDCO, a Government of Tamil Nadu Enterprise, was incorporated as a Limited Company in the year 1965 ;in order to identify and promote the establishment of large and medium scale industries within the State of Tamil Nadu in association with the private sector. The company's authorized share capital is Rs.1250 million of which Rs.720 million has been issued and has been entirely subscribed by the Government of Tamil Nadu. The Government of Tamil Nadu has also extended loan assistance aggregating of about Rs.2368.71 million as at March, 31st 2011 to the company. TIDCO is also registered with the Reserve Bank of India as Non-Banking Financial Company. TIDCO stopped fresh/renewal of deposits with effect from 15.02.2007. The Public deposits outstanding as on 31.03.2011 is at Rs.0.43 crores TIDCO has been specified as Public Financial Institution within the meaning of Section 4A of the Companies Act, 1956. TIDCO assists promoters in exploring opportunities, project evaluation, obtaining statutory clearances, land procurement, sourcing of technology, securing financial tie-ups and in positioning utilities sources like power, water, etc. TIDCO has promoted several joint ventures for manufacturing products such as wrist watches, auto parts/components and metal halide lamps and products in sectors such as textiles, chemicals, petrochemicals, fertilizers and Pharmaceuticals. It has also ventured into Agra, information technology, bio-technology sectors and SEZs.TIDCO is registered with the Reserve Bank of India as a Non-Banking Financial Company. TIDCO is managed by a distinguished Board of Directors and ably supported by specialists in the industry and a diverse workforce. TIDCO's MISSION: Partnership for Industrial / Infrastructure development. Interfacing high technology & growth and Business excellence.

TIDCO's VISION: To support the Govt's driven to make Tamil Nadu the No.1 State in India. TIDCO, a Government of Tamil Nadu Enterprise, was incorporated as a Limited Company in the year 1965 ;in order to identify and promote the establishment of large and medium scale industries within the State of Tamil Nadu in association with the private sector. The companys authorized share capital is Rs.1250 million of which Rs.720 million has been issued and has been entirely subscribed by the Government of Tamil Nadu. The Government of Tamil Nadu has also extended loan assistance aggregating of about Rs.2368.71 million as at March, 31st 2011 to the company. TIDCO is also registered with the Reserve Bank of India as Non-Banking Financial Company. TIDCO stopped fresh/renewal of deposits with effect from 15.02.2007. The public deposits outstanding as on 31.03.2011 are at Rs.0.43 crores. TIDCO has been specified as Public Financial Institution within the meaning of Section 4A of the Companies Act, 1956.

Tamil Nadu Industrial Development Corporation Limited (TIDCO) was established in 1965 as a Government of Tamil Nadu Enterprise to stimulate industrial development and leverage capital investment through joint ventures. TIDCO facilitates investment in large industrial and infrastructure projects in Tamil Nadu. TIDCO promotes four types of Joint Ventures: Joint Sector (equity participation - Above 11% and upto 26%). Associate Sector (equity participation of 2% to 11%). Escort Sector (1%equity). EscortServices (noequityparticipation). TIDCOs association with private sector enterprises may be separated into four categories viz. Joint Sector, Associate Sector, Escort Sector and Escort Services. Equity participation by TIDCO in the Joint Sector projects ranges from 11 to 26 % and in the associate Sector ranges 2

to 11% equity. The Escort Sector includes ventures with 1% equity from TIDCO. TIDCO provides facilitation services for all investors and these include multi-national and overseas investors who wish to launch new ventures in Tamil Nadu. In cases where TIDCO does not take up equity participation, these projects are categorized as Escort Service projects. Among project related Escort Service activities, TIDCO has successfully promoted the establishment of Ford India Ltd. and Hyundai Motor (India) Ltd. in addition to other reputed companies. The Board of Directors of TIDCO comprises senior officials of the State Government. TIDCO has a team of professional managers drawn from the fields of Engineering, Management, Finance and Law. TIDCO has commissioned over one hundred and six projects to date with a total equity investment of Rs.4118.90 million and of these companies. TIDCO has disinvested its holdings in twenty seven companies. TIDCOs project cover a wide range of activities such as Iron & Steel, Fertilizers, Chemicals, Petrochemicals, Engineering, Automobiles, Agro and Food Processing, Leather, Textiles, Pharmaceuticals, Floriculture, Horticulture, Electronics & Communication, Infrastructure / Industrial parks includes Agri Export Zones (AEZs) and Special Economic Zones (SEZs).

Ministry of Micro, Small and Medium Enterprises

(Government of India)

The President under Notification dated 9th May 2007 has amended the Government of India (Allocation of Business) Rules, 1961. Pursuant to this amendment, Ministry of Agro and Rural Industries (Krishi Evam Gramin Udyog Mantralaya) and Ministry of Small Scale Industries (Laghu Udyog Mantralaya) have been merged into a single Ministry, namely, MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES (SUKSHMA LAGHU AUR MADHYAM UDYAM MANTRALAYA) Worldwide, the micro small and medium enterprises (MSMEs) have been accepted as the engine of economic growth and for promoting equitable development. The major advantage of the sector is its employment potential at low capital cost. The labour intensity of the MSME sector is much higher than that of the large enterprises. The MSMEs constitute over 90% of total enterprises in most of the economies and are credited with generating the highest rates of employment growth and account for a major share of industrial production and exports. In India too, the MSMEs play a pivotal role in the overall industrial economy of the country. In recent years the MSME sector has consistently registered higher growth rate compared to the overall industrial sector. With its agility and dynamism, the sector has shown admirable innovativeness and adaptability to survive the recent economic downturn and recession. As per available statistics (4th Census of MSME Sector), this sector employs an estimated 59.7 million persons spread over 26.1 million enterprises. It is estimated that in terms of value, MSME sector accounts for about 45% of the manufacturing output and around 40% of the total export of the country. Acts

Khadi & Village Industries Commission Act, 1956 - 17 March 2008 Re-establishing Khadi & Village Industries Commission dissolved in October'

2004 - 19 July 2006

The Micro, Small and Medim Enterprises Development Act, 2006 - 16 June 2006

Notification regarding implementation of provisions of Khadi and Village Industries Commission (Amendment) Act, 2006 w.e.f. 15 May 2006

Tamilnadu Small Industries Development Corporation Limited (TANSIDCO), an undertaking of Government of Tamilnadu, functions with the specific objective of playing catalytic role in the promotion and development of Small Scale Industries and hastening the industrial dispersal throughout Tamilnadu. The key areas of TANSIDCOs activities are as follows:

Development of industrial estates with infrastructure facilities and provision of work sheds & developed plots.

Raw Materials Supply Scheme Marketing Assistance Scheme Guidance to Entrepreneurs

Policies and notification 1. Government Policies Relating to Small Industries Department 2. Government Orders Relating to Small Industries 3. Ministry of Small Scale Industries, Govt. of India 4. Development Commissioner of Small Scale Industries, (SIDO), Govt. of India