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Welcome to SIPCOT It's new and improved website

We have revamped and provided more information for investor. If you feel we need to add some additional information please let us know. State Industries Promotion Corporation of Tamil Nadu (SIPCOT) Limited, a fully government owned premier institution, established in the year 1972, has been a catalyst in development of small, medium and large scale industries in Tamil Nadu.

Summary of Investment Avenues for NRIs
SNo
Type of Investment
Acquisition of Investment
Sale transfer of Investment
    Conditions and limits of purchase Form no. Application to be made by Condition for general exemption If not covered by general exemption, form no.
1. Portfolio investment i) Must be purchased through a stock exchange.
ii) Limits -upto 5% per NRI -overall limit 10%
RPI-NRI, RPC-OBC Investor General exemption  
2. 40% scheme Upto 40% amount in shares and CDs ISD The issuing co No general exemption TS4
3. 100% scheme for 3,4 or 5 star hotel 100% investment allowed ISD Company to apply No general exemption TS4
4. 100 % scheme in high priority area 100% with certain restrictions : forex obligation ,purchase of new machines ISD (R) Issuing Co. No general exemption TS4
5. 100% scheme in other than high priority areas Upto 100% equity ISD Issuing Co. No general exemption TS4
6. Direct investment-NCD No specific conditions ISD Issuing Co. No general exemption TS4
7. Direct investment-NCD No specific conditions ISD Issuing Co. No general exemption TS4
8. Mutual Funds Investment in Forex ISD The issuing mutual fund No general exemption TS4
9. Public Sector bonds No specific conditions ISD(R) The issuing public sector co. No general exemption TS4
10. Shares of PSEs disinvested by government No limit
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No general exemption TS4
11. 100% scheme in sick units Upto 100% RSU Concerned Company No general exemption TS4
12. Deposits with public limited co. i) No particular limit prescribed
ii)Deposits should be for minimum three years
No prescribed form
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Industrial Complexes
To ensure a good impact with the available limited resources, SIPCOT has created Industrial Complexes and Parks, strategically located in seventeen places, which occupy a place of pride in the State's industrial map.
 
 
 
 

 

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