The following are some agencies that have played a key role in industrialization in the state. SIPCOT: (State Industries Promotion Corporation of Tamil Nadu), 1971 It was formed in the year 1971 to promote industrial growth in the state by setting up industrial estates.
TANSIDCO: (Tamil Nadu Small Industries Development corporation), 1970.
TANSIDCO is a state-agency of the state of TN established in the year 1970 to promote small- scale industries in the state. It gives subsidies and provide technical assistance for new firms in the small scale sector.
TIDCO (Tamil Nadu Industrial Development Corporation), 1965:
TIDCO is another government agency to promote industries in the state and to establish industrial estates.
TIIC (Tamil Nadu Industrial Investment Corporation Ltd.), 1949:
TIIC is intended to provide low-cost financial support for both setting up new units and also for expansion of existing units. Though it is meant to meet the requirements of all types of firms, 90% of support goes to micro, small and medium enterprises.
TANSI (Tamil Nadu Small Industries Corporation Ltd.), 1965:
TANSI was formed in 1965 to take over the small scaleunits that were set up and run by the Department of Industries and Commerce. It is supposed to be the first industrial corporation operating in the domain for small enterprises.
