Tripura offers an investor-friendly environment. The Government
welcomes investments into the State, from both domestic and foreign investors.
Tripura Industrial
Development Agency (TIDA) has been established to provide single-window
service to investors in facilitating all necessary Government clearances.
Natural gas
Tripura has vast reserves of natural gas in non-associate
form. The gas is of high quality, with high methane content of upto 97%.
The availability of superior quality natural gas, at concessional price,
offers a great opportunity to prospective investors, to set up gas-based
industrial units, using natural gas as feedstock, like urea, methanol,
PVC and other projects. Besides this, natural gas can also be utilized
as a cheaper source of energy for various energy-intensive industrial
projects.
Food Processing
The State government has identified food processing as
a major thrust area. There is a vast potential for setting up of food
processing units in the State.The agro-climatic conditions in Tripura
are ideally suited for production of a large variety of horticultural
crops. The "Queen" and "Kew" varieties of pineapple, jampui oranges, lichis
and cashew of Tripura are well known in the rest of the country. These
products are largely organic in nature.
Information Technology (IT)
Tripura has been considered the second best IT destination
in the North East. IT sector (including IT-enabled services) has been
identified as one of the major potential growth sectors by the state.
The high literacy rate of the State provides additional advantage for
development of the sector. IT industry being a knowledge-based industry,
educated human resource is the most promising resource of the State. It
also has good network of schools and colleges spread across the State,
including an Engineering College, a Polytechnic and four ITIs. The State
Government has also accorded special status to this industry and special
incentives have been announced for IT industry in the new incentive package.
Tourism
Tripura is an attractive tourist destination. The state
has a rich cultural heritage. There are number of historical Hindu and
Buddhist sites. The State also has rich flora and fauna. There is also
great potential for development of tourist circuits, involving all the
NE states. In Tripura, hotels have been considered as industry, with a
view to promote tourism . Hence, all incentives available to other industrial
units are also available for setting up hotels.
Handicrafts
From time immemorial, Tripura has carved out a name for
itself in the field of handicrafts. The gifted artisans produce wonderful
objects of crafts from simple material like cane, bamboo and wood. Tripura's
unique topography and the gracious nature bestowed their choicest blessings
on the hereditary artisans of Tripura. Excellent variety of handicrafts
using bamboo and cane are made by different ethnic groups which have earned
great name and fame throughout the country. The state government has initiated
steps in view of the vast potential of the industry to grow, both in domestic
as well as international markets. The state also welcomes private enterprise
in this field.
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