Tidco: TIDCO signs MoU with IN-SPACe for industries in space sector – Tamil Nadu

Chennai: Tamil Nadu Industrial Development Corporation Limited (TIDCO) has signed an MoU with the Indian National Space Promotion and Authorisation Centre (IN-SPACe) to establish industries in the space sector. It comes close on the heels of the Tamil Nadu government announcing that TIDCO would be setting up the Space Industrial and Propellant Park in an area of 2,000 acres at Kulasekarapattinam in Tuticorin district.A statement here on Thursday said, the proposed interventions will focus on enabling startups and established companies in launching manufacturing related activities and services, design and R&D, strategic electronics manufacturing and space-grade component manufacturing. These would enable the country in having a large share of the global space industry, across upstream, midstream and downstream industries. TIDCO will develop a domestic space manufacturing eco-system, which will cater to all space related requirements of India and promote the state as a key contributor to the nation’s space story. The MoU was signed in the presence of Tamil Nadu chief secretary Shiv Das Meena and IN-SPACe chairman Pawan Kumar Goenka on Wednesday.

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