Tripura grounds over Rs 5,000 crore investments after recent summits, marking a major boost to industrial growth, private sector confidence, and economic development, officials say, with more projects set for implementation in the coming fiscal year.
Tripura has achieved a significant milestone in its industrial growth journey, with investments worth more than Rs 5,000 crore successfully grounded following recent investment summits, senior state officials confirmed on Wednesday.
Tripura Industries and Commerce Department Secretary Kiran Gitte informed the media that out of total investment commitments amounting to Rs 19,600 crore signed through various memorandums of understanding (MoUs), projects worth Rs 5,090 crore have already entered the grounding stage. The grounding of investment indicates that land allocation for these industrial projects has been completed and implementation work has begun after fulfilling procedural requirements.
Providing further details, Gitte explained that Tripura signed MoUs worth Rs 15,800 crore during the recently held Rising North East Investment Summit. In addition, the state had earlier hosted its own investment summit, during which MoUs worth Rs 3,800 crore were signed. Together, these commitments brought the total pledged investment value to Rs 19,600 crore.
“Out of this total, investments worth Rs 5,090 crore have already been grounded, and nearly 10 percent of the construction or establishment work for these industrial units has been completed,” Gitte said.
He described the progress as a major achievement for a small northeastern state like Tripura. Highlighting the broader economic impact, Gitte noted that the state’s total capital investment budget in the last financial year stood at around Rs 7,000 crore. The addition of more than Rs 5,000 crore in private sector investment reflects growing investor confidence in Tripura’s industrial ecosystem.
Addressing expectations for the upcoming fiscal year, Gitte said the department aims to ground at least 50 percent of the total committed investments. He acknowledged that not all MoUs result in actual projects, as some investors disengage after initial commitments. To address this, the state government has identified serious investors and introduced a monthly review mechanism to monitor project progress.
“As part of this process, we hold regular meetings to track the status of applications and approvals. The Bhumi Pujan ceremony for the Bharti Airtel Data Centre is scheduled for January 29, which reflects our focused follow-up approach,” he said.
Gitte attributed Tripura’s industrial progress to the state government’s investor-friendly policies and reform measures. He noted that Tripura has been graded as a top-performing state in industrial investment reforms. Recent cabinet decisions, including the introduction of transport subsidy and sugar subsidy, are expected to further boost investor interest.
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The department is also planning to organise another investment summit after the upcoming budget session to attract additional private investments.
Senior leaders, including Union Minister for Development of North Eastern Region Jyotiraditya Scindia, Chief Minister Dr Manik Saha, and Industries and Commerce Minister Santana Chakma, are closely monitoring investment developments and project execution, Gitte added.
