Tripura to organize investors meet in Mumbai & New Delhi

Agartala: The Tripura Government has decided to organize investors' meets in Mumbai and New Delhi, official sources confirmed here today.

If everything goes according to plan, the investor's meet in Mumbai will be held on November 12, that is New Delhi will be held on November 19. Eventually, it will be a renewed attempt to attract investment for medium-scale industries in Tripura.

Chief Minister Biplab Kumar Deb has already unveiled the Agar Mission to turn agar-based trade into a Rs 2,000 crore venture in the next few years. Since agarwood trees are available in plenty in Tripura, the prospects of the agarwood-based industry are bright.

"In the two investors meets, the State will highlight the potential of the agar-based industry. We hope that many investors will show a keen interest in exploring the possibilities of the agarwood industry," said an official.

Besides, the rubber will also be promoted in the proposed investors' meet. Though Tripura is the second-largest rubber producer in the country, no major industry has been established yet due to a lack of initiatives. Recently, the State Government took some steps to boost rubber-based industries.

Meanwhile, sources said that the Chief Minister has already talked to Prime Minister Narendra Modi about the Tripura Government's plans for industrialization by using its own resources. The Prime Minister is understood to give the green signal to the State Government's plans.

"A number of business leaders are expected to join the two investors' meets. So we are going to focus on two key sectors agarwood and rubber - in the two meets. We are hopeful about the outcome of the two back-to-back business meets," the official added. Meanwhile, banks have agreed to disburse loans to SHGS at seven percent interest rates to promote self-employment.