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. TIDCO has been specified as Public Financial Institution within the meaning of Section 4A of the Companies Act, 1956.
TIDCO’s association with private sector enterprises may be separated into four categories viz. Joint Sector, Associate Sector, Escort Sector and Escort Services. Equity participation by TIDCO in the Joint Sector projects ranges from 11 to 26 % and in the associate Sector ranges 2 to 11% equity. The Escort Sector includes ventures with 1% equity from TIDCO. TIDCO provides facilitation services for all investors and these include multi-national and overseas investors who wish to launch new ventures in Tamil Nadu. In cases where TIDCO does not take up equity participation, these projects are categorized as Escort Service projects.
TIDCO’s project cover a wide range of activities such as Iron & Steel, Fertilizers, Chemicals, Petrochemicals, Engineering, Automobiles, Agro and Food Processing, Leather, Textiles, Pharmaceuticals, Floriculture, Horticulture, Electronics & Communication, Infrastructure / Industrial parks includes Agri Export Zones (AEZs) and Special Economic Zones (SEZs).
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