Tamil Nadu was the 3rd largest industrial state in the country. The gross output of its industrial sector was Rs.37,986 crores, accounting for 10.3% of the national output. Its net value added of Rs.7,303 crores was also 10.3% of the national figure. Cotton textiles was prominent among the industry groups that contributed to this ranking.
The Chennai Port and Ennore Port contribute greatly to its importance. The city has a fully computerized stock exchange called the Madras Stock Exchange. Chennai has the fourth largest Gross Metropolitan Product in India.
The city provides good facilities for the establishment of small scale industries. It has very liberal policy for setting up of industrial units:
Micro , Small and Medium Enterprises Department- To accelerate development in Tamil Nadu by maximizing investment, output, growth, employment and manufacturing competitiveness through infrastructure and human resources development in Micro, Small and Medium Enterprises sector.
Explore moreTN Small Industries Development Corporation (SIDCO)-- Development of industrial estates with infrastructure facilities and provision of work shed & developed plots.
- Raw Materials Supply Scheme
- Marketing Assistance Scheme
- Export Assistance Scheme
- Guidance to Entrepreneurs Explore more
Tamil Nadu Industrial Development Corporation (TIDCO)-- Partnership for Industrial / Infrastructure development.
- Interfacing high technology & growth.
- Business excellence. Explore more
Tamil Nadu Industrial Investment Corporation (TIIC)-TIIC is operating a number of schemes to fulfill the divergent needs/requirements of the industries. Some of the special schemes operated by TIIC are:
- Technology Upgradation Fund for Textile Industries
- Wind Power Projects
- Micro/Small Enterprises Fund Scheme
- Bill Finance Scheme
- Doctor's Growth Scheme
- Working Capital Term Loan for Rice Mill etc.
- Grow an Entrepreneur Scheme. Explore more
State Industries Promotion Corporation (SIPCOT)-SIPCOT has rendered fruitful services to the state by identifying, developing, maintaining industrial areas in backward and most backward talukas of the State, which had potential to grow.
- Establish, develop, maintain and manage industrial complexes, parks and growth centres at various places across the State of Tamil Nadu.
- Provide escort services to medium and large scale industries.
SIPCOT's role in assisting the industrialization in the State is not only quantitative but also qualitative.
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