Tamil Nadu Industrial Development Corporation Limited (TIDCO) has signed a memorandum of understanding (MoU) with IN-SPACe, a single-window nodal agency for all space sector activities of non-government entities (NGE) in India.
The MoU was signed in the presence of Chairman, IN-SPACe, Pawan Kumar Goenka; Chief Secretary Shiv Das Meena; and Secretary, Industries, Investment Promotion and Commerce Department V. Arun Roy. The MoU was exchanged by Sandeep Nanduri, Managing Director, TIDCO, and Lochan Sehra, Joint Secretary, IN-SPACe.
According to details provided by TIDCO officials, Tamil Nadu considers the space sector a key sub-sector of Aerospace and Defence and a potential major contributor to the State’s economy. In line with the rising demand for space-based activities across the space value chain, TIDCO intends to establish a space industrial and propellants park, spread over a total area of 2,000 acres, and also plans to create a Centre of Excellence (CoE) to support the occupants of the park. IN-SPACe’s expertise will be a key value to the proposed CoE.
