TIDCO
Encyclopedia
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.
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
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.
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.
Tamil Nadu
Tamil Nadu is one of the 28 states of India. Its capital and largest city is Chennai. Tamil Nadu lies in the southernmost part of the Indian Peninsula and is bordered by the union territory of Pondicherry, and the states of Kerala, Karnataka, and Andhra Pradesh...
, India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
. 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
Tidel Park
TIDEL Park is an information technology park situated in the city of Chennai, India. The name TIDEL is a portmanteau of TIDCO and ELCOT. An ISO 9001/14001 company, it is the largest IT park in Asia...
in southern Chennai
Chennai
Chennai , formerly known as Madras or Madarasapatinam , is the capital city of the Indian state of Tamil Nadu, located on the Coromandel Coast off the Bay of Bengal. Chennai is the fourth most populous metropolitan area and the sixth most populous city in India...
for information technology
Information technology
Information technology is the acquisition, processing, storage and dissemination of vocal, pictorial, textual and numerical information by a microelectronics-based combination of computing and telecommunications...
companies, and Ticel Park in southern Chennai
Chennai
Chennai , formerly known as Madras or Madarasapatinam , is the capital city of the Indian state of Tamil Nadu, located on the Coromandel Coast off the Bay of Bengal. Chennai is the fourth most populous metropolitan area and the sixth most populous city in India...
(near to Tidel Park
Tidel Park
TIDEL Park is an information technology park situated in the city of Chennai, India. The name TIDEL is a portmanteau of TIDCO and ELCOT. An ISO 9001/14001 company, it is the largest IT park in Asia...
) for Chemical companies.
History
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, 1956IT Parks
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
- Tidel ParkTidel ParkTIDEL Park is an information technology park situated in the city of Chennai, India. The name TIDEL is a portmanteau of TIDCO and ELCOT. An ISO 9001/14001 company, it is the largest IT park in Asia...
- International Tech Park, ChennaiInternational Tech Park, ChennaiInternational Tech Park, Chennai or Ascendas is an hi-tech park in Taramani district of Chennai.Ascendas introduced the ITP brand to Chennai with the Tamil Nadu Industrial Development Corporation to develop the International Tech Park Chennai.-Phases:PinnacleThis is the first phase of ITPC with...
aka Ascendas - Mahindra World CityMahindra World CityMahindra World City may refer to:* Mahindra World City, New Chennai,a premier Special Economic zone in the South of IT Corridor.* Mahindra World City, Jaipur, an integrated business complex in Jaipur...
- IT & ITES SEZ TIDEL-II
- IT & ITES SEZ TIDEL-III
- Coimbatore SEZ - Tidel Park
- Special Economic Zone India-Singapore
SEZs
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.
- Nanguneri SEZ
- Ennore SEZ
- Coimbatore SEZ – TIDEL Park – IV
- Hosur SEZ
- Perambalur SEZ
- Auto city SEZ
- India-Singapore SEZ
- IT & ITES SEZ – TIDEL-II
- IT & ITES SEZ – TIDEL-III
- Bio - Pharmaceuticals SEZ
Titan Industries Ltd
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. 1481 Crores (growth of 30% over the previous year) nearly threefold increase in profit after taxes of Rs. 73.62 Crores (an increase of 195%). The Watch Division (Titan Brand and Sonata Brand) was able to achieve a sales turnover of Rs. 655 Crores; Jewellery Division (Tanishq) Rs. 791 Crores and other products Rs. 35 Crores. TIL continues to declare dividend on its equity shares since from the year of commercial production.TANFLORA Infrastructure Park Ltd
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.