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SIPCOT
Context:
Recently, Tata Motors Group, held a groundbreaking ceremony for a new, state-of-the-art production facility for cars and SUVs at the SIPCOT (State Industries Promotion Corporation of Tamil Nadu Limited) industrial park in Panapakkam, Ranipet district, Tamil Nadu.
More on News:
- This marks Tamil Nadu’s 50th SIPCOT industrial park and the 27th established under the Dravida Munnetra Kazhagam (DMK) government.
- The Tamil Nadu government aims to achieve a $1 trillion economy by 2030, with SIPCOT playing a pivotal role in reaching this goal.
Formation of SIPCOT:
- SIPCOT was established on March 25, 1971, with the goal of planning, developing, operating, and promoting industrial growth in Tamil Nadu.
- Its initial focus was on fostering medium and large-scale industries in a state that was still in the early stages of industrial development, following the success of its MSME sector.
- The first industrial park was set up in Ranipet in 1973, with an initial land extent of 729.79 acres.
- The first companies to set up in this park included Thirumalai Chemicals Pvt. Ltd., Ultra Marines & Pigments Ltd., and SRP Tools Ltd.
SIPCOT’s Expansion:
- In its early years, two industrial parks were established: one in Ranipet, which focused on leather, chemicals, and pharmaceuticals, and another in Hosur, which concentrated on the automobile and general engineering sectors.
- Kanchipuram was later developed as an auto and electronics cluster due to its proximity to Chennai and the presence of major companies like Hyundai Motors, Yamaha, Renault Nissan, and Samsung.
- Chengalpattu emerged as an IT hub with companies like TCS and Hexaware, while Hosur in Krishnagiri district leveraged Bangalore’s talent pool to boost industrial growth.
- SIPCOT also focused on developing industrially backward districts like Manamadurai, Nilakotai, and Pudukottai.
- Currently, Tamil Nadu has 50 SIPCOT industrial parks, with 17 more expected within the next year, alongside expansions of existing parks.
- SIPCOT has been instrumental in establishing 3,290 industrial units with a cumulative investment of ₹1.85 lakh crore, generating over 8.20 lakh jobs in the last 53 years.
SIPCOT’s Initiatives for Industrial Growth:
- Sector Specific: SIPCOT is currently focused on promoting sector-specific industrial parks, including an international furniture park in Thoothukudi, a medical devices park in Oragadam, and electronic manufacturing clusters in Manallur and Pillaipakkam.
- It is also developing mega food parks in Manapparai, Tindivanam, and Theni, as well as a future mobility park and an e-vehicle park in Shoolagiri and Manallur, respectively.
- Housing Facilities: To support the workforce, SIPCOT is constructing industrial housing facilities, including an 18,720-bed accommodation at Vallam-Vadagal and a women’s hostel at Siruseri.
- Water Management: To address water management, SIPCOT supplies Tertiary Treatment Reverse Osmosis (TTRO) water to industries in Kanchipuram from a 45 MLD TTRO plant in Koyambedu and is establishing a 20 MLD TTRO plant in Kelavarapalli for industries in the Hosur area.
- Support for Startups: SIPCOT has also launched SIPCOT Industrial Innovation Centres (SIIC) in Hosur and Sriperumbudur to foster innovation and support startups in the high-tech sector.
- These centres aim to evaluate over 1,000 innovative ideas, create over 200 prototypes, and promote 30 startups to the seed investment stage.
Skill Development Centre: SIPCOT is also establishing a state-of-the-art skill development centre at Shoolagiri in Krishnagiri district.
