Tamil Nadu Industrial Development Corporation

Tamil Nadu Industrial Development Corporation

Formation	21 May 1965; 59 years ago (1965-05-21)
Type	State owned
Coordinates	13.066486°N 80.259661°E / 13.066486; 80.259661
Region served	Tamil Nadu
Owner	Government of Tamil Nadu
Website	tidco.com

Tamil Nadu Industrial Development Corporation (TIDCO) is a governmental agency in the state of Tamil Nadu, India. It is responsible for the development of industries in the state and often partners with companies in the Indian government's Small Industries Development Corporation program^[citation needed] as TANSIDCO. The managing director is Sandeep Nanduri.[1] It is also responsible for the formation of TPIPL, TICEL & TIDEL parks in partnership with ELCOT & SIPCOT.

History

TIDCO was established on 21 May 1965 as a wholly owned Government of Tamil Nadu enterprise.[2] On 26 July 1984, TIDCO collaborated with the Tata Group and established Titan Watches Ltd., which has been known as Titan Company since 2013.[3] Titan inaugurated its first watch factory in a SIPCOT promoted area in Hosur on 11 March 1988.[4]

References

1. Kamath, Vinay (15 February 2023). "Tamil Nadu boosts start-ups, MSMEs with MNC cutting-edge tech". www.thehindubusinessline.com. Retrieved 3 March 2023.
2. "TAMILNADU INDUSTRIAL DEVELOPMENT CORPORATION LTD (A Government of Tamilnadu undertaking)" (PDF). Tamil Nadu Industrial Development Corporation.
3. "Titan Company History". The Economic Times. Retrieved 18 December 2024.
4. Gopi Karelia (12 August 2021). "Story of Titan Began with a Tamil Nadu Village Making Watches For The Common Indian". The Better India.

External links

• Official website