EconomyRise of Dravidian rule

SIPCOT founded to develop industrial estates

· Chennai

The State Industries Promotion Corporation of Tamil Nadu was set up to develop industrial parks across the state.

The State Industries Promotion Corporation of Tamil Nadu (SIPCOT) was founded by the state government in 1971. It was created to develop industrial estates and promote medium and large industries, especially in less developed districts. Its estates, such as the one at Hosur, attracted many manufacturing units in later decades. SIPCOT remained a key agency of the state's industrial policy.

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