Economy of Tamil Nadu nearby towns such as Ranipet, Ambur, Perundurai and Vaniyambadi The tanning industry in India has a total capacity of 225 million pieces of hides and skins, of which Tamil Nadu alone contributes 70 per cent, a leading export product share at 40 per cent for India. It currently employs about 2.5 million persons. Leather exports by the end of 2000–2001 were INR90 billion. Central Leather Research Institute (CLRI), a CSIR research laboratory, is located in Chennai, the state capital. The town of Sivakasi is a leader in the areas of printing, fireworks, and safety matches. It was fondly called as
State Industries Promotion Corporation of Tamil Nadu State Industries Promotion Corporation of Tamil Nadu The State Industries Promotion Corporation of Tamil Nadu Limited (SIPCOT) (), Limited is an institution owned by the Government of Tamil Nadu. The State Industries Promotion Corporation of Tamil Nadu Limited (SIPCOT) was formed in the year 1971, to promote industrial growth in the State and to advance term loans to medium and large industries The Functions of State Industries Promotion Corporation of Tamil Nadu Limited (SIPCOT) are: SIPCOT has established industrial complexes in 16 areas, according to the SIPCOT webpage. These include: A new SIPCOT is going to be established in Dharmapuri,Thiruvannamalai