While, TAMCOE has been jointly set up by Tamil Nadu Industrial Development Corporation (TIDCO) and GE Aviation at an outlay of Rs 141 Crores & will enable research and prototype making using additive manufacturing technology, TANSAM on the other hand has been set up by TIDCO and Siemens at an outlay of Rs 252 Crores & will cater to sectors like aerospace, electric vehicle (EV), marine, industrial automation, robotics, and others.
Besides, TN has also released a fresh Aerospace and Defence Industrial Policy 2022, which aims to attract Rs 75,000 Crores worth of investment in the next 10 years. The focus of the new policy is to bring investments in aircraft standard parts and drones, armoured vehicles, tanks and specialist vehicles, aircraft MRO, missiles, rockets and ammunition, sensors, radars, communication and EW, small arms and assault rifles, space, and shipbuilding.
