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.
The Government of Tripura has planned an expenditure of US$ 2,067.5 million for 2014-15.
Some of the major initiatives taken by the government to promote Tripura as an investment destination are:
- Agartala Airport has been upgraded by extension of the airstrip and provision of night landing facilities.
- Telecom infrastructure is being upgraded in the state by laying an optical fibre cable (OFC) network, and connecting all towns by strengthening the internet backbone, among others. Wireless local loop (WLL) system/mobile services have also been introduced.
- Under the Urban Infrastructure Development Scheme for Small and Medium Towns (UIDSSMT), US$ 2.6 million has been allocated for the development of the storm drainage system in Ranirbazar, and US$ 14.4 million for the development of roads in Belonia, Kailashahar and Kamalpur.
- The Ministry of Urban Development, Government of India, has sanctioned the construction of a town hall at Sonamura Town in Tripura, with an estimated investment of US$ 5 million.
- A modern food park is being set up near Agartala to boost the food processing sector. Sikaria Mega Food Park is a fully integrated facility that would enable reduction in wastage, better prices for farmers and an effective supply chain system.