BY TC News Desk
Agartala, 31st May 2025: In a significant push to attract investment and boost industrial development in Tripura, Chief Minister Prof. Dr. Manik Saha today announced that major initiatives are underway to enhance the state’s industrial infrastructure with the support of an $85.4 million loan from the Asian Development Bank (ADB).
The funding will be directed towards improving power supply, roads, plug-and-play infrastructure, warehousing facilities, and more.
Dr. Saha made the announcement while addressing delegates at a Stakeholder Consultation organized under the initiative of the High-Level Task Force on Investment Promotion in the North Eastern Region. The event was held in collaboration with the Ministry of Development of North Eastern Region (DoNER).
“With the objective of developing a strategic roadmap to position the Northeast as a preferred investment destination, this consultation brings together key stakeholders. I extend a warm welcome to all participants and believe your insights will significantly contribute to shaping our strategy report,” Dr. Saha said.
He informed the gathering that the High-Level Task Force has already held two meetings where members provided valuable suggestions and feedback. “We’ve adopted a six-month action plan to frame a comprehensive roadmap for investment promotion. Both long-term and short-term strategies are being devised to attract investments across various promising sectors,” he added.
Highlighting recent achievements, the Chief Minister pointed to the success of the Rising Northeast Investor Summit 2025, held on May 23–24, which secured substantial investment commitments. “For Tripura alone, 64 Memorandums of Understanding (MoUs) worth ₹15,823 crore were signed during the summit. Before this, with the support of DoNER, Tripura signed 184 MoUs through roadshows, investment summits, and conclaves, with an estimated investment potential exceeding ₹15,000 crore. Over 25% of these have already been grounded,” he stated.
Dr. Saha underlined Tripura’s proactive approach toward enabling reforms and investor facilitation. “Tripura has implemented all 387 business reforms under the Business Reforms Action Plan 2024. We are also among the first states to enact the Tripura Jan Vishwas Ordinance 2025, aimed at decriminalizing provisions in various state laws and repealing outdated regulations,” he said. He added that the state is working closely with the Cabinet Secretariat’s Task Force on Deregulation to reduce compliance burdens across laws, local bodies, industrial corporations, and utility services.
Further strengthening its industrial policy, the state government has amended the Tripura Industrial Investment Promotion Incentives Scheme 2022 to introduce customized incentives for mega projects.
“The Tripura Industrial Development Corporation (TIDC) is implementing an ambitious expansion plan, developing over 1,500 acres of new industrial zones, establishing sector-specific industrial parks, and unlocking land along key transport corridors to meet rising investor demands,” Dr. Saha informed.
