It is responsible for the development of industries in the state and often partners with companies in the Indian government's Small Industries Development Corporation program[citation needed] as TANSIDCO.

[1] It is also responsible for the formation of TPIPL, TICEL & TIDEL parks in partnership with ELCOT & SIPCOT.

TIDCO was established on 21 May 1965 as a wholly owned Government of Tamil Nadu enterprise.

[3] Titan inaugurated its first watch factory in a SIPCOT promoted area in Hosur on 11 March 1988.

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