Good news for Tripura, the state government on Tuesday signed Memorandum of Understanding (MoU) worth investment Rs. 312.38 crore in the state in the next few years.
The signed MoUs were exchanged in presence of Chief Minister Dr Manik Saha and in the sideline of the Second Tripura Roundtable on Investment Opportunities at Pragya Bhavan today.
The Roundtable on Investment Opportunities is part of the Northeast Global Investors Summit to be held at New Delhi in the mid of this year to attract investment in the NE region by promotion its scopes and advantages.
The eight investors belongs to various sectors including – rubber based industry, plywood industry, mechanical agarbati rolling, medical and skill education, BPO, warehouse, hospitality, agro and milk processing etc which is also going to create employment opportunities in the state.
Later during a press conference at the same venue Tripura Chief Minister Dr. Manik Saha said that during the one-day North-East Global Investors Summit held today all total 141 investors participating here and eight MoU have been signed so far.
The CM also said the state government is providing investment subsidy, 15 percent procurement subsidy, industrial promotions subsidy, power subsidy, partial reimbursement of interest on term loans, one time full reimbursement of standard certificate charges or fees, employment cost subsidy, export promotion subsidy, state promotion subsidy on secondary raw materials at 50 percent among different benefits rolled out to attract businesses here.
He said infrastructure is needed for any investment and said PM Modi’s initiative to develop connectivity to realise the HIRA model to connect with Bangladesh and South East Asia has resolved the much-needed connectivity boost.
Meantime, investors also expressed their satisfaction over the support from the state government in addition to the congenial environment for investment in the state.
They believed that in the coming years Tripura, with the operational of multimedia connectivity through neighbouring Bangladesh would become India’s gateway to South East Asia.