Some of the
SIDCO and
SIPCOT industrial parks are located in
Ranipet and vital to its economy. Clusters of leather factories are also located in
Ranipet.
SIPCOT The
State Industries Promotion Corporation of Tamil Nadu Limited (
SIPCOT), was formed in 1971 to promote industrial growth in the state and to advance term loans to medium and large industries. The SIPCOT Industrial Complex, Ranipet Phase I, is located at Mukundarayapuram. Phase II and Phase III are spread over an area of 730 acres and are located in
Ranipet. There are a number of large- and medium-scale leather industries making both finished leather and leather articles such as shoes and garments for export. There are other small-scale industries in Ranipet, mostly engaged in chemical, leather and tool making. These industries are the major lifeline for the town. One of the oldest companies in Ranipet that was formed in the early 19th century is EID Parry, named after Thomas Parry, who sailed to India and started a merchant business in India. The branch of EID Parry located in Ranipet is one of the largest ceramic plants in South India. In addition to Ceramics, the company also produces fertilizers in this location sold to farmers around the country. EID Parry also produces confectioneries in other locations. After the acquisition of the company Johnson & Pedder, EID Parry produced Ballerina ceramic designs in India. Most residents, several decades ago, worked for EID Parry before the expansion of Sipcot Industrial complex and arrival of Central Government-aided engineering unit such as BHEL. World's first diesel tractor manufacturing Italian company
SAME DEUTZ-FAHR India (P) limited (SDFI) located at Sipcot industrial complex. They manufacture tractors and engines for export and domestic market, ranging from 35 hp to 80 hp tractor with advanced technology. The French company Plastic Omnium and world No.1 fuel systems manufacturer established a factory in 2010 for the purpose of delivering fuel tank systems to local automobile manufacturers such as Toyota and Hyundai. Thirumalai Chemicals Ltd. a large Petrochemical unit is one of the largest manufacturers of Phthalic Anhydride and Food Acidulants in Asia, and employs around 2000 people in and around Ranipet.
Precision tool industries •
Mitsubishi Heavy Industries India Precision Tools Limited (MHI-IPT), a subsidiary of
Mitsubishi Heavy Industries, opened its plant in Ranipet in 2007, doubling its production capacity in gear cutting tools. Products manufactured by MHI-IPT at this plant are Hobs, Shaping cutters, Gear Shaving cutters, Master Gears, Broaches and Rotary cutter. •
TVS-Brakes India Sholingur's foundry division is located at
Sholingur to manufacture Permanent Mold Grey Iron castings with an installed capacity of 5,000 MTPA which later increased to 26,000 MTPA in the year 2005.
Arcot is the principal market for the surrounding agricultural area. It also has a viable local
weaving industry, and groundnut oil industry.
Arcot is most famous for edible oil production, mainly focusing on groundnut and gingelly oil production. A number of oil expellers are available in and around Arcot. Certain caste of people are more dominant and involved in this edible oil business.
Walajapet was used for business purpose and one of the biggest trade centres during the time of
British rule. Walajapet is one of the oldest town in the North Arcot Region. It is famous for silk weaving and has a nickname, "
Walajapet -The Silk City". It is situated in the belt of the
Ranipet SIPCOT Industrial Complex as a public limited company wholly owned by the Government.
Walajapet is one of the noted centre for the production of silk weaving and bamboo furniture making centre. The commercial activities is concentrated at Thoppai street, Annaicut Road, Bazaar street, Thirumalai Street. There is a daily market available in this town.
Leathers Industries Ranipet was once glorified as fast developing industrial zone, but faced economic depression. Ranipet indirectly suffered from Great Recession 2008 as leather business and exports cater to Western Developed nations. A special economic zone is established at Nellikuppam, a suburb of Ranipet. Ranipet houses AH Group And KH Group of companies. Nearly 400 small and medium leather units are placed in Ranipet.
Engineering & manufacturing industries Bharat Heavy Electricals Limited (BHEL), is an Indian state-owned integrated power plant equipment manufacturing company. Its Boiler Auxiliaries Plant (BAP) is located in
Ranipet. BHEL Ranipet has performed exceedingly well according to its executive director, as it has won the 'Best Productive Unit' trophy from among all the units of BHEL in 2012. This plant has clocked a turnover of 4,210 crores, with shop production crossing the 100,000-
tonne benchmark, also registering a profit before tax of 1,260 crores for the 2012 financial year. It has so far obtained 21 patents and 46 copyrights. BHEL-Boiler Auxiliaries Plant, Ranipet is installing a 5 MW solar power plant which will cover the entire energy needs of the plant, also entering into an agreement with
Mitsubishi Heavy Industries, Japan to manufacture and supply a flue gas desulphurisation system meant for removal of sulphur dioxide from flue gases.
ArcelorMittal Dhamm Processing Private Limited is a joint venture firm between the world's largest steel producing firm
ArcelorMittal and
Mumbai based Dhamm Steel for manufacturing steel components at an estimated cost of 100-crores at
Ranipet. It manufactures finished steel components for earth moving equipment manufacturers, construction and power industries.
MRF Limited (formerly Madras Rubber Factory Ltd) is an India-based company engaged in manufacturing, distribution and sale of tires for various kinds of vehicles ranging from helicopters to automobiles is located at
Arakkonam. ==Urban infrastructure==