Tamil Nadu Timeline

EconomyMadras State (Congress era)

Tamil Nadu Industrial Development Corporation established

· Chennai

The state government set up the Industrial Development Corporation (TIDCO) to promote large industrial projects.

The Tamil Nadu Industrial Development Corporation (TIDCO) was established on 21 May 1965 as an enterprise wholly owned by the state government. It was set up to promote and finance large industrial projects in the state, often as joint ventures with private companies. Among its later ventures was Titan Watches, set up with the Tata Group in 1984. TIDCO was an early instrument of the state's industrial policy.

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