BY TC News Desk
Agartala, 5th July 2024: The Department of Industries and Commerce in Tripura is actively working on several initiatives aimed at empowering the state’s youth and promoting industrial growth. Minister of Industry and Commerce, Santana Chakma, shared these updates during a press conference held today at the Secretariat’s Press Conference Hall.
The department has established the ‘Investment Promotion Agency of Tripura’ (IPAT) with the Chief Minister as its chairman. IPAT’s primary objective is to attract foreign investors to set up industries within the state. The Secretary of the Department of Industry and Commerce serves as the Chief Executive Officer of this committee, ensuring seamless support for investors.
To showcase and market local products, the department is initiating the establishment of the Pradhan Mantri Ekta Mall in Badharghat Mouja. With an impressive area spanning 24,122 square meters, this mall will facilitate broader access to Tripura’s products, connecting them not only within the state but also across the entire country. The project is estimated to cost approximately Rs 150 crore.
On March 6, 2024, Delhi hosted the North Eastern Investment Summit, encouraging both domestic and foreign investors to explore opportunities in the region. Tripura secured 14 investment agreements during the summit, potentially attracting investments totaling Rs 1861.51 crore. Additionally, a multi-sector Special Economic Zone (SEZ) is under development in Sabroom aimed at enhancing export-import infrastructure for investors. The Tripura Industrial Development Corporation has already completed site development including the construction of boundary walls and gates.
The Udyam portal of the Department of Industry and Commerce has witnessed 59,182 registrations in the MSME sector as of June 30, 2024. Furthermore, 49,951 artists and artisans from Tripura have registered on the Pradhan Mantri Vishwakarma portal. Among them, 2,180 individuals have received training across various skill levels with 1,180 trainees already applying for bank loans.
The department actively supports the Prime Minister’s Employment Generation Program and the Swalamban scheme, providing loans to unemployed youth. In the financial year 2024-25, 42 individuals received loans under the Prime Minister Employment Generation Program, while 148-7 beneficiaries availed loans through the Swalamban scheme. Additionally, 2,770 self-help groups under the Tripura Rural Livelihood Mission and Tripura Urban Livelihood Mission have received capital funding of Rs. 1028.42 lakhs, including investments in machinery. Moreover, 1,317 self-help group members have undergone skill enhancement training facilitated by the Department of Industries and Commerce.
These comprehensive efforts by the Department of Industries and Commerce are poised to drive economic growth, foster entrepreneurship, and empower the youth of Tripura. Investors and stakeholders can look forward to a vibrant and dynamic business environment in the state.
