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Tripura Govt Inks 8 MoUs Worth Rs 312 Cr
The MoUs were signed at a state-level investment round table meeting held on Tuesday, where the state Chief Minister Manik Saha met the investors and industrialists from different parts of the country and apprised them of the state’s various policies
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Giving a major boost to the industrial sector and opening up new employment opportunities in the state, Tripura government has signed eight MoUs with investment proposals worth Rs 312.38 crore in various sectors in the state, including rubber, bamboo, agriculture, and health services.
The MoUs were signed at a state-level investment round table meeting held on Tuesday, where the state Chief Minister Manik Saha met the investors and industrialists from different parts of the country and apprised them of the state’s various policies.
The investors signed the MoUs with the Tripura government to set up a rubber-based industry, the plywood industry, mechanical agarbatti rolling, medical and skill education, BPO, warehouses, hospitality, and agro and milk processing. The proposed ventures envisaged creating employment opportunities for several hundred people.
Giving details about the meet and the investments, Saha said that over 140 investors and industrialists from across the country participated in the meet. He said that the state government is providing an investment subsidy, a 15 per cent procurement subsidy, an industrial promotions subsidy, a power subsidy, partial reimbursement of interest on term loans, one-time full reimbursement of standard certificate charges or fees, an employment cost subsidy, an export promotion subsidy, and a state promotion subsidy on secondary raw materials at 50 per cent among other benefits to attract industry and businesses in Tripura.
The round table was held as a prelude to the forthcoming Northeast Global Investors Summit to be held in Delhi in August–September this year to attract investment for the northeastern region. A senior official of the Tripura Industries and Commerce Department said that the focus sectors of the summit include tourism and hospitality, agro-food processing, textiles, handloom and handicrafts, pharmaceuticals, healthcare, education and skill development, information technology and services, entertainment, sports, tea, and energy, among others.