Tamil Nadu Industrial Development Corporation


Tamil Nadu Industrial Development Corporation is a governmental agency in the state of Tamil Nadu, India. It is responsible for the development of industries in the state and often partners with companies in the Indian government's Small Industries Development Corporation program as Tamil Nadu Small Industries [Development Corporation Limited|TANSIDCO]. The managing director is Sandeep Nanduri. It is also responsible for the formation of TPIPL, TICEL & TIDEL parks in partnership with ELCOT & SIPCOT.
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History

TIDCO was established on 21 May 1965 as a wholly owned Government of Tamil Nadu enterprise. On 26 July 1984, TIDCO collaborated with the Tata Group and established Titan Watches Ltd., which has been known as Titan Company since 2013. Titan inaugurated its first watch factory in a SIPCOT promoted area in Hosur on 11 March 1988.