Tamil Nadu Industrial Development Corporation (TIDCO)

The Tamil Nadu Industrial Development Corporation (TIDCO) an enterprise of the govt. of Tamil nadu was set up to foster the setting up of large and medium scale industries in alliance with the private sector. The authorized share capital of the company, incorporated as a limited, is Rs. 1250 million out of which Rs. 720 million is issued entirely by the govt. of Tamil nadu. They are also granted an assistance of Rs. 1695million (amount as on 31 March 2008).It is also registered with the RBI as a Non- Banking Financial Company. Also, TIDCO under Section 4A of Companies Act, 1956 has been regarded as Public Financial Institution. It has public deposits of Rs. 32.35 crores as on 31 March 2008.
The association of TIDCO with enterprises of the private sector can be classified into four groups Viz., Joint sector, Escort Services, Escort Sector and Associate Sector. Participation of equity by TIDCO in the joint sector projects is from 11 to 26% and in the associate sector projects it ranges from 2 to 11%. The equity percentage of the escort sector includes ventures of 1% from TIDCO. The organization provides services of facilitation to all its investors who include multi- national and overseas investors. They are basically the ones who are interested to start new ventures in the state of Tamil nadu. Then there are cases in which TIDCO has no equity participation, these projects are in the category of Escort Service projects.

Among the Escort Services related to project, TIDCO effectively has fostered the setting up of Ford India Ltd.along with other successful names and reputed companies. Mostly it's the senior officials of the state and government who form the board of directors of the organization, TIDCO.

The company is formed by the team of professionals from various fields, Engineering, Management, Finance and Law. It has made to order over eighty five projects till date of total equity investment of Rs. 3540 million including of the companies. it covers a varied range activities in its projects from things like Infrastructure / Industrial parks includes Agri Export Zones (AEZs) and Special Economic Zones (SEZs, Iron & Steel, Fertilizers, Chemicals, Petrochemicals, Electronics & Communication, Engineering, Horticulture, Floriculture, Pharmaceuticals, Textiles, Leather, Agro and Food Processing, and Automobiles.

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> Tamil Nadu Industrial Development Corporation (TIDCO)
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