Trade Analytics

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February, 2011

"Tripura is rich in natural resources like natural oil and gas, rubber, tea and medicinal plants. It is also known for its vibrant food processing, bamboo and sericulture industry. Tripura acts as a gateway between Northeast India and Bangladesh. This offers immense potential for international trade.

At current prices, the total Gross State Domestic Product (GSDP) of Tripura was about US$ 2.7 billion in 2007-08. The state‟s GDP grew at an average annual rate of 12.6 per cent between 1999-2000 and 2007-08.

The resources, policy incentives, infrastructure and climate in the state support investments in sectors such as natural gas, food processing, rubber, tea, bamboo, handloom and handicrafts, sericulture, tourism, IT and medicinal plants. Natural gas deposits are among the most important reserves of Tripura‟s natural-resource base. Natural gas is available at the Baramurahills and in Rokhiawhere gas-based power plants have been set up. The other potential sectors of the state are organic spices, medicinal plants and bio-fuel. A state bio-fuel mission has been proposed to be set up under the State Department of Forest. Favourable agro-climatic condition, low use of chemicals and availability of a variety of spices offer opportunities for development and procurement of the spices sector.

As of March 2010, over US$ 1.8 billion has been invested in ramping up Tripura‟s infrastructure. About 52 per cent of the investments have been made in crude oil and natural gas followed by 48 per cent in electricity generation. According to the Reserve Bank of India, from April 2000 to May 2010, FDI inflows to the Northeast amounted to US$ 64 million*.

*RBI‟s FDI data for the Guwahati-region includes Assam, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland and Tripura."

State Presentation (November 2010)