With an aim to unlock the Growth potential of Nadu by combining the manufacturing capabilities with technology, the state Industries department is establishing innovation centres in select state-owned Sipcot industrial estates in the state.
The initiative, to spawn technology startups in the industrial manufacturing space, will also seek to include the 80-odd innovation centres in leading educational institutions, but mostly remaining non-functional.
Two Sipcot Industrial Innovation Centres (SIICs) are coming up at Sriperumbudur and Hosur, the two largest industrial clusters in the state. Branded as FORT (Force of Rapid Transformation), the SIICs are envisioned as world-class incubation centres to pave the way for new-age tech-based manufacturing ventures.
The initiative is focused to achieve transformation in three areas. To achieve faster rate of GDP growth through companies engaged in translating innovation output into higher value-added goods; EMPLOYMENT generation through highly-skilled knowledge work; higher per capita income arising from value addition from skilled manpower Resources.