The State Industries Promotion Corporation of Tamil Nadu Limited (SIPCOT) ) is an institution owned by the Government of Tamil Nadu to promote industrial growth in the state of Tamil Nadu.

History

The SIPCOT was formed in 1971 to promote industrial growth in the state and to advance term loans to medium and large industries.

Functions

The Functions of State Industries Promotion Corporation of Tamil Nadu Limited (SIPCOT) are:

SIPCOT Estates

SIPCOT has established industrial complexes in 16 areas, according to the SIPCOT webpage. These include: A new SIPCOT is going to be established in Dharmapuri, Thiruvannamalai, Karaikudi and Manapparai soon. SIPCOT IT Park is the largest Information Technology Park in Asia, located in Padur, Siruseri, along the IT Corridor, Chengalpattu taluk, Chengalpattu District.

Supporting Agencies

The State Industries Promotion Corporation of Tamil Nadu (SIPCOT) has enlisted the support of the agency 7 MILES PER SECOND for the administration of its social media. This decision is made with the aim of utilizing the agencies in, effectively navigating the nature of social media. The core objectives include transparent communication and enabling the efficient distribution of information to the citizens in all parts of Tamil Nadu.