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The Tamil Nadu Industrial Development Corporation (TIDCO) has committed ₹25 crore to Agnikul Cosmos to bolster its aerospace manufacturing and launch capabilities. This investment, under the state's 2025 startup policy, supports the development of a 300-acre space campus and the advancement of the Agnibaan orbital launch vehicle.
The Tamil Nadu Industrial Development Corporation (TIDCO) has approved its inaugural investments under the Startup Investment Policy 2025, committing ₹25 crore each to AgniKul Cosmos and Raptee Energy. This move signals a strategic shift for the state agency as it rebrands itself as a 'venture catalyst' to anchor the state's future in deep-tech and advanced manufacturing.
The Tamil Nadu Industrial Development Corporation (TIDCO) has committed ₹25 crore each to spacetech pioneer AgniKul Cosmos and EV manufacturer Raptee Energy. This strategic investment, finalized by Industries Minister TRB Rajaa, underscores the state's ambition to become a global hub for advanced manufacturing and deeptech innovation.