CHENNAI: Tamil Nadu Industrial Development Corporation Ltd (TIDCO), which is the nodal agency for the implementation of the Tamil Nadu Defence Industrial Corridor (TNDIC), has signed an MoU with Indian National Space Promotion & Authorisation Centre (IN- SPACe) to create a favourable ecosystem for space industries to establish their manufacturing units in the state.
The pact was signed by TIDCO Managing Director Sandeep Nanduri and IN-SPACe Joint Secretary Lochan Sehra in the presence of IN-SPACe Chairman Pawan Kumar Goenka and Tamil Nadu Chief Secretary Shiv Das Meena.
A release said Tamil Nadu considers the space sector a key sub-sector of the aerospace & defence sector and a potential major contributor to the economy of the state. In line with the rising demand for space-based activities across the space value chain, TIDCO intends to establish space industrial and propellants park spread over a cumulative area of 2,000 acres.
TIDCO also plans to create a centre of excellence (CoE) for supporting the occupants of the park.The expertise of IN-SPACe, which is a single-window nodal agency for all space sector activities for non-government entities in India, was sought to shape the proposed CoE.
“TIDCO will identify the required land parcel for establishing the space manufacturing cluster and provide special incentives to space industrial units. TIDCO will also establish common technical infrastructure for which technical consultation will be provided by IN-SPACe,” the release said.