State Industries Promotion Corporation of Tamilnadu Ltd. (SIPCOT)
State Industries Promotion Corporation of Tamil Nadu Limited (SIPCOT)
was established in 1971 under the Companies Act with the main objective
of promoting medium and large industries in the State of Tamil Nadu.
The main activities of the Corporation has been :
marketing and maintaining industrial parks/complexes/growth centres;
Extending term loans to medium and large industries; and
Administering State incentive schemes.
on some structural reorganisation, SIPCOT has given up its term lending
activity since 2001 and now concentrates mainly on developing industrial
complexes apart from servicing the existing term loans.
the last 32 years, SIPCOT has been a major contributor to industrial
development in Tamil Nadu and has promoted 17 industrial parks/complexes/growth
centres in 12 districts of Tamil Nadu which house about 1080 industrial
units, with a total investment of over Rs.10,000 crores giving direct
employment to nearly one lakh persons.
industrial infrastructure development activity of SIPCOT commenced
with the creation of Ranipet Industrial Complex in the year 1972 over
an extent of about 400 acres and till date the industrial land developed
by SIPCOT exceeds 20000 acres. The 90's and the early years of the
millennium have seen SIPCOT developing industry specific complexes
as against the general Industrial Complexes of the earlier times.
Cuddalore and Tuticorin for example have evolved, by locational advantages
into Chemical and Pharma Industrial Complexes. Perundurai Industrial
Growth Centre has transformed primarily into a textile and tanning
industrial zone. Among the recently developed industrial parks, Irungattukottai
park on the periphery of Chennai has developed into an auto and auto-ancilliary
park while the park at Siruseri is being developed as an exclusive
Information Technology Park. Of late, SIPCOT is concentrating on developing
complexes for specific activities like Food Park, Apparel Park and
Eco-enterprises Park. It has also branched out into promoting major
industrial infrastructure like hazardous waste management facility,
common effluent treatment plants, etc.
am always doing that which
I can not do, in order that
I may learn how to do it.