Tripura is the second largest natural rubber producer in the country.
Tripura is one of the seven states in the northeast. Tripura acts as a gateway between Northeast India and Bangladesh. The state shares an 856 km international border with Bangladesh. This offers enormous potential for international trade. Tripura is endowed with rich and diverse bamboo resources and is the largest bamboo producing hub in India. The state has an area of 7,195 hectares to produce bamboo. Tripura holds a strong tea plantation base in India, with 58 tea gardens covering an area of >6,885 hectares, as of February 2020.
Tripura possess huge potential yet relatively unexplored sectors such as organic spices, biofuel, and eco-tourism. It is rich in natural resources such as natural gas, rubber, tea, and medicinal plants. The state is also known for its vibrant food processing, bamboo, and sericulture industries. Tripura is one of the largest natural rubber producers in the country. Production of rubber in the state stood at 74,139 million tonnes (MT) in 2018-19 compared to 46,815 MT in 2014-15.
At current prices, Tripura’s Gross State Domestic Product (GSDP) stood at ~Rs. 705.43 billion (US$ 8.47 billion) in 2022-23. GSDP increased at a CAGR of 10.11% between 2015-16 and 2022-23.
As per the third advance estimate of 2023-24, the total fruit production in the state is 617.55 thousand MT, vegetables are 1147.71 thousand MT, plantation is 45.71 thousand MT and spices is 26.50 thousand MT.
The state is also rich in natural gas deposits, glass sands, limestone, plastic clay, and hard rock. With its pleasant climate and scenic landscape, Tripura is a favoured tourist destination. The state offers tourist attractions such as historical Hindu and Buddhist sites, temples, rivers, and rock carvings. In 2019, the number of foreign tourist arrival in the state was recorded to be 154,405.
As of August 2024, Tripura had a total installed power generation capacity of 647.70 MW, of which 121.01 MW was under state utilities, 511.43 MW was under central utilities and 15.26 MW was under the private sector.
Of the total installed capacity, 542.94 MW was contributed by thermal power, 68.49 MW by hydropower and 36.27 MW by renewable resources, as of August 2024.
Total merchandise exports from the state stood at US$ 0.70 million in FY25 (Until August). Tripura exported key items such as Mica, coal and ores, spices & fruits and vegetables.
According to the data released by Department for Promotion of Industry and Internal Trade (DPIIT), between October 2019-June 2024, FDI inflow in Tripura stood at US$ 0.75 million.
Some of the major initiatives taken by the Government to promote Tripura as an investment destination are:
Note: MW - Megawatt