Question

Write a note on SIPCOT SIPCOT:
SIPCOT was formed in year 1971 to promote industrial growth in the state by setting up industrial estates

Answer 1

Answer:

State Industries Promotion Corporation of Tamil nadu Ltd (SIPCOT) was established in the year 1971 to develop industrial growth in Tamil nadu.

To give main thrust to area development activities, the organization involves in the formation of industrial complexes by providing basic and comprehensive infrastructure facilities for the industries to set up their units. SIPCOT has so far developed 21 Industrial Complexes in 12 districts and 7 Sector Specific Special Economic Zones (SEZs) across Tamil Nadu. SIPCOT also acts as a Nodal Agency of Government of Tamil Nadu in the sanction / disbursement of Structured Package of Assistance to large industrial units.

Explanation: