Tamil Nadu Industrial Development Corporation
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| Government of Tamil Nadu | |
| Industry | Industry Promotion, SEZ |
| Founded | 1965 |
| Headquarters | Chennai, Tamil Nadu, India |
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Area served
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Tamil Nadu, India |
| Owner | Government of Tamil Nadu through Department of Industries (Tamil Nadu) |
| Website | www.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 by formulating policies that help industry growth, and by establishing industrial estates. It often partners with TANSIDCO (Small Industries Development Corporation). TIDCO has established the Tidel Park in Chennai and Tidel Park in Coimbatore for information technology companies, and Ticel Park in southern Chennai (near to Tidel Park) for chemical companies.
TIDCO was established with the following objectives
Tamil Nadu was one of the first states in the Indian Union to formulate an IT policy. In 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. However, the pace of change in the IT industry necessitated a revision of the plan. In 2002, the government of Tamil Nadu released a new IT policy.
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 generate over four million jobs in the Knowledge sector (IT and ITES industries). 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 :
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