Latest update: October, 2016
Last Updated: October, 2016
TRIPURA State Report | October, 2016
Tripura, one of the north-eastern states, is bounded on the north, west, south and southeast by Bangladesh, whereas in the east, it shares a common boundary with Assam and Mizoram.
The state has favourable climatic conditions for cultivation of various fruit and horticultural crops. It is rich in natural resources such as natural gas, rubber, tea and medicinal plants.
Tripura is endowed with rich and diverse bamboo resources. It is also the second largest natural rubber producer in the country after Kerala and produced 37,277 million tonnes of rubber in FY 2015. Tripura accounts for about 6 per cent of bamboo sticks, used for making incense sticks in India. Around 21 of the 130 bamboo species known in India are grown in the state.
Tripura holds a strong tea plantation base, with 58 tea gardens covering an area of over 6,400 hectares as of 2014-15. Tea produced in Tripura is famous for its blending qualities.
The state is also rich in natural gas deposits, glass sands, limestone, plastic clay and hard rock. As of June 2016, Tripura had a total installed power generation capacity of 676.5 megawatt (MW).
With its pleasant climate and scenic landscape, Tripura is a favoured tourist destination. The state offers tourists attractions such as historical Hindu and Buddhist sites, temples, rivers and rock carvings. The number of foreign tourists visiting the state grew at a compound annual growth rate (CAGR) of 50.4 per cent from 2010-11 to 2014-15.
The state has favourable climatic conditions for cultivating various fruit and horticultural crops including rice, jackfruit, pineapple, potato, sugarcane, chilli and natural rubber. Rice is the major crop of the state and is cultivated in 91 per cent of the cropped area. The state has a wide variety of medical plants having 266 medicinal plants, 379 species of trees, 581 herbs, 320 shrubs and 165 climbers.
The Guwahati-region which includes Assam, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland and Tripura has attracted Foreign Direct Investment (FDI) equity inflows worth US$ 94 million during the period April 2000 to March 2016, according to data released by Department of Industrial Policy and Promotion (DIPP).
Tripura has 87.8 per cent literacy rate, higher than the national average rate, making it an ideal destination for knowledge sectors.
The state has a wide range of fiscal and policy incentives for businesses under the Tripura Industrial Investment Promotion Incentive Scheme, 2012. Developing infrastructure, improved rail & air connectivity, and establishment of trade routes have facilitated trade.
The Asian Development Bank (ADB) and Government of India signed a loan agreement of US$ 80 million, which is the third tranche of a US$ 200 million financing facility under the North Eastern Region Capital cities Development Investment Program, and will be invested for improving water supply, solid waste management and sanitation in the cities of Agartala and Aizwal, the capital cities of Tripura and Mizoram respectively.
The Airports Authority of India (AAI) plans to spend Rs 450 crore (US$ 68 million) on upgradation of Agartala airport in Tripura to international standards, which is expected to be completed by 2016.
Last Updated: January 28, 2016