Natural rubber is the most important cash crop in Tripura. Tripura has gradually become the 2nd largest producer of natural rubber in the country after Kerala, accounting for about 9% of the total production in India.
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
As per the third advance estimate of 2019-20, the total fruit production in the state is 562.46 thousand MT, vegetables is 811.67 thousand MT, plantation is 50.39 thousand MT and spices is 33.15 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 2022, Tripura had a total installed power generation capacity of 619.59 MW, of which 153.01 MW was under state utilities, 455.43 MW was under central utilities and 11.15 MW was under the private sector. Of the total installed capacity, 518.94 MW was contributed by thermal power, 68.49 MW by hydropower and 32.16 MW by renewable resources, as of August 2022.
Total merchandise exports from the state stood at US$ 12.19 million in FY22. In FY21, exports stood at US$ 11.90 million.
According to the data released by Department for Promotion of Industry and Internal Trade (DPIIT), between October 2019-June 2022, FDI inflow in Tripura stood at US$ 0.56 million.
Some of the major initiatives taken by the Government to promote Tripura as an investment destination are:
Note: MW - Megawatt, **- includes Assam, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura
Prime Minister, Mr. Narendra Modi laid the foundation of six Light House Projects (LHPs) as part of Global Housing Technology Challenge - India (GHTC -India) initiative, in six States.
UDAN 4.0, a scheme under the Ministry of Civil Aviation (MoCA), has invited bids for 6 underserved and 24 unserved airports/airstrips in the North-East states of India with a focus on connectivity to the region.
Ministry of Tourism has sanctioned 18 projects covering all the North Eastern States for Rs 1,456 crore (US$ 208.3 million) for development and promotion of tourism.
Memorandum of Agreements (MoAs) for Light House Projects under GHTC-India were exchanged between Ministry of Housing and Urban Affairs (MoHUA) and six state governments viz; Gujarat, Jharkhand, Madhya Pradesh, Tamil Nadu, Tripura and Uttar Pradesh.