| Type | Government of Tamil Nadu |
|---|---|
| Industry | Industry Promotion , SEZ |
| Founded | 1965 |
| Headquarters | Chennai, Tamil Nadu, India |
| Area served | Tamil Nadu, India |
| Website | [1] |
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 by formulating policies that help industry growth, and also by establishing Industrial Estates. It often partners with TANSIDCO (Small Industries Development Corporation). Among other things, TIDCO has established the Tidel Park in southern Chennai for information technology companies, and Ticel Park in southern Chennai(near to Tidel Park) for Chemical companies.
Contents |
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 to Rs.1695 million as at March, 31st 2008 to the company. TIDCO is also registered with the Reserve Bank of India as Non-Banking Financial Company and public deposits outstanding as on 31.03.2008 is at Rs.32.35 crores TIDCO has been specified as Public Financial Institution within the meaning of Section 4A of the Companies Act, 1956
Tamil Nadu was one of the first states in the Indian Union to formulate a comprehensive IT policy. As early as 1997, the State Government released an Industry -specific Policy for the IT industry to achieve the goals spelt out in the Ninth five year plan and to focus attention on the IT industry as an engine of growth in the State. However, the pace of change in the IT industry necessitated a revision of this plan. In the year 2002, the Government of Tamil Nadu released a new IT policy geared towards leveraging IT to herald prosperity in the State and to turn Tamil Nadu in to a Knowledge-empowered State.
The advent of the Internet has transformed the world in to a Global village and has ushered in an era of IT-enabled services delivery worldwide. As per the 2002 report of NASSCOM, IT and IT-enabled Services Industry will account for over 7% of India's GDP and 30% of Foreign exchange within a decade. This revolution will also generate over four million jobs in the Knowledge sector (IT and ITES industries). Tamil Nadu is uniquely poised to leverage this great opportunity due to its educated workforce and excellent administration. The Government of Tamil Nadu released an ITES policy in 2005 to highlight the advantages of ITES investment in the state.
1. The Government of Tamil Nadu has enacted several proactive measures to enable IT and ITES companies to do business in the State with utmost ease and felicity
2. The Government has granted 50% exemption of stamp duty for IT companies towards land registration and office construction
3. The Government has extended 30% subsidy to small and medium enterprises on stall rent for participation in national and international exhibitions
4. The Government has relaxed Floor Space Index (FSI) norms to IT Buildings to enable the entry of smaller IT companies
In addition, the Government of Tamil Nadu has also made a pioneering effort to promote computing in Tamil with innovative measures such as :
1. The Government has set up Tamil Virtual University
2. The Government has created a society for providing web based certificate course for the International Tamil community
3. The Government has commissioned Research and Development projects in Tamil Computing
The policies of the Government are formulated and released by the Department of Information Technology, which is also responsible for policy implementation.
The list of IT parks in Tamil Nadu
A policy was introduced on 1.4.2000 for setting up of Special Economic Zones in the country with a view to provide an internationally competitive and hassle free environment for exports. Units may be set up in SEZ for manufacture of goods and rendering of services. All the import/export operations of the SEZ units will be on self-certification basis. The units in the Zone have to be a net foreign exchange earner but they shall not be subjected to any pre-determined value addition or minimum export performance requirements. Sales in the Domestic Tariff Area by SEZ units shall be subject to payment of full Custom Duty and import policy in force. Further Offshore banking units may be set up in the SEZs.
The policy provides for setting up of SEZ's in the public, private, joint sector or by State Governments. It was also envisaged that some of the existing Export Processing Zones would be converted into Special Economic Zones. Accordingly, the Government has converted Export Processing Zones located at following places.
Titan Industries Limited (TIL) was promoted as a Joint Sector Company to manufacture watches during 1985 in association with Questar Investments Limited, one of the TATA Group companies. TIL commenced commercial production in the month of March 1987. TIDCO’s holding in the paid up capital of this company is 27.88%. TIL clocked its best ever performance in the year ended 31-3-2006 with a sales turnover of Rs. 6726 Crores (growth of 33% over the previous year) nearly 70% increase in profit after taxes of Rs. 438.2 Crores (an increase of 70% Y-o-Y). The Watch Division (Titan Brand and Sonata Brand) was able to achieve a sales turnover of Rs. 1272 Crores; Jewellery Division (Tanishq) Rs. 5027 Crores and other products Rs. 427 Crores. TIL continues to declare dividend on its equity shares since from the year of commercial production.
For further details, visit [2]
Tanflora Infrastructure Park Limited, is a joint venture company of TIDCO & MNA & Associates, established at Amudagondapally village, Hosur, Krishnagiri District, Tamil Nadu. The project is conceived to be one of the largest production facilities for cut roses in the world, with a total production capacity of 67.5 million roses per annum. The project is a co-operative farming concept developed on the lines of Aggrexco of Israel. It is divided into 25 grower units of 2 hectares each, while the centralised common infrastructure is developed, owned and operated by Tanflora. All the 25 grower units have been allotted to 25 individual companies. Besides Tanflora has also got 1.5 hectares of own production facilities and proposes to expand to 5 hectares. Tanflora is the country’s first Agri Export Zone for Cut Flowers. Government of Tamil Nadu had supported the project by providing funds under ASIDE Scheme for developing infrastructure. APEDA, Ministry of Commerce provided financial assistance for establishment of post harvest facilities. National Horticulture Board provided capital subsidy to the growers.
The roses grown by the growers are collected and processed in the post harvest facilities of Tanflora, packed and marketed under the brand name of Tanflora, primarily exported to Europe, Australia, Middle East, Far East and Japan. Also due to increase in domestic market, good quantities of flowers are sold in domestic market mainly in Delhi, Hyderabad, Chennai etc. The sale proceeds are shared in the ratio of 70:30 on FOB basis between the growers and Tanflora.
‘Taj Mahal’, symbol of love, is a new rose variety, exclusively owned and grown by Tanflora worldwide, having obtained the rights from a French breeder. The company is also in the process of producing exclusively a new variety of rose viz. ‘Kohinoor’ jewel of India, on similar lines of Taj Mahal.