Tripura Attracts Rs 5,900 Crore in Investments with Focus on MSME and Tourism Growth

Tripura, Nov 12 (KNN) Tripura Chief Minister Manik Saha announced a substantial boost in the state’s economic development on Monday, unveiling that over 200 investments have been successfully completed, with an additional Rs 1,000 crore worth of projects underway.

Speaking at the state-level UNNATI workshop at Agartala's Pragna Bhavan, Saha detailed a series of initiatives designed to uplift key industries and bolster Tripura’s economic foundation.

Highlighting the significance of sectors like bamboo, rubber, agarwood, and hospitality, Saha emphasised the pivotal role these industries play in Tripura’s unique economic landscape.

Special focus was given to micro, small, and medium enterprises (MSMEs), which make up nearly 98 per cent of the state’s businesses.

Tripura’s rubber, bamboo, and tea industries are prominent employment drivers and form the backbone of the local economy. These efforts underscore the government’s commitment to supporting MSMEs and fostering sustainable growth.

To attract investment, Tripura has organized high-profile initiatives, including the Destination Tripura campaign and the Northeastern Global Investor Summit 2023, which collectively have drawn 212 investors and secured investment commitments totalling over Rs 5,900 crore.

This influx of capital is expected to accelerate the state's economic trajectory and stimulate various sectors.

Tourism also emerged as a cornerstone of Tripura’s development strategy. With a recent Rs 692 crore investment aimed at upgrading tourism infrastructure, the state aims to transform itself into a leading destination in Northeast India.

Noteworthy projects include constructing ropeways to major tourist destinations such as Udaipur Railway Station and Jampui Hills, enhancing accessibility and visitor appeal.

“We are dedicated to making Tripura a premier investment destination in the region,” Saha asserted.

These initiatives reflect the state government’s vision of rapid and inclusive development, setting Tripura on a path to economic prominence and positioning it as a rising investment hub in Northeast India.

(KNN Bureau)