Tripura Industrial Development Corporation (TIDC) posts ₹9.87 crore profit in FY 2024–25, aiming for ₹13 crore next year. Chairman Navadul Banik highlights initiatives including land allocation, industrial area development, MSME support, and revival of defunct units. ADB sanctions ₹975.26 crore loan for infrastructure upgrades across 9 industrial estates.
The Tripura Industrial Development Corporation Limited (TIDC) has recorded a significant profit of ₹9.87 crore in the financial year 2024–25 and has set an ambitious target of ₹13 crore for the upcoming fiscal year 2025–26. This announcement was made by TIDC Chairman Nabadal Banik during a press conference held at the corporation’s headquarters in Khayerpur, Khujurbagan.
Highlighting the performance trajectory of TIDC, Banik noted that the corporation earned ₹4.02 crore in FY 2022–23 and ₹7.33 crore in FY 2023–24, demonstrating consistent financial growth. He credited the state government’s strategic interventions for transforming TIDC into a profitable public sector unit.
Banik emphasized that the TIDC has been working vigorously to empower unemployed youth across Tripura’s rural, urban, and hilly regions through self-employment schemes under both central and state government initiatives. Projects like ‘Yuba Tripura’, ‘Nutan Tripura’, and ‘Atmanirbhar Tripura’ have gained notable popularity among the youth, promoting self-reliance and entrepreneurship.
He reiterated Prime Minister Narendra Modi and Tripura Chief Minister Dr. Manik Saha’s vision of making youth self-reliant, which in turn, contributes to a self-sufficient state and nation.
TIDC has been focused on a range of priorities including revitalizing defunct industrial units, acquiring and reallocating inactive units, enhancing lease rent recovery, increasing corporate efficiency, and implementing investor-friendly and industry-centric policies.
Currently, the corporation is managing land allocation and development activities in 13 industrial estates across the state and is taking initiatives to develop seven more industrial zones. In addition, the Asian Development Bank (ADB) has sanctioned a loan of ₹975.26 crore for creating modern industrial infrastructure across nine major locations — Bodhjungnagar, RK Nagar, Dukli, Nagichhara, Kumarghat, Dharmanagar, Dewanpasha, Dhujnagar, and Sarasima. The development work under this scheme has already begun.
Further, proposals have been submitted to the Union Ministry of MSME for infrastructure development in four more industrial areas — Jalefa (Sabroom), Shantirbazar, Lalchhari (Ambassa), and Fatikroy. The state government has already handed over land for new industrial zones in Shantirbazar (New Rubber Park) and Fatikroy, and the survey for infrastructure development has commenced.
Efforts are underway to revive 24 defunct industrial units, recovering approximately 28 acres of land to allocate to new entrepreneurs. Notably, four of these closed units have already been successfully revived and made operational.
In a major relief to existing industries, lease rent in the Badharghat and AD Nagar industrial areas has been revised down from ₹5 per sq. ft. to ₹0.45, benefiting nearly 60 operational units.
To streamline investor services, the Single Window Portal has been introduced, enabling seamless approval for licenses, permits, and clearances. Night-time police patrolling has been enhanced in Bodhjungnagar and RK Nagar industrial areas to ensure security, and 24/7 power supply has been made available in all industrial zones.
Banik added that under TIDC’s initiative, two rubber-based plywood factories are currently operational at RK Nagar and Dewanpasha, while seven more such units are in the pipeline. Moreover, the corporation is facilitating collateral-free loans up to ₹10 lakh for entrepreneurs through bank linkages.
From FY 2023–24 to FY 2024–25, TIDC has allotted land or sheds to 67 industrial units. Additionally, the Asian Development Bank has approved a loan of ₹740.33 crore for industrial development projects in Tripura till February 24, 2025.
In terms of loan recovery, TIDC has retrieved ₹72 lakh in FY 2022–23, ₹88 lakh in FY 2023–24, and ₹1.97 crore in FY 2024–25. The recovery target for FY 2025–26 has been set at ₹3 crore. Lease rent recovery stood at ₹5.20 crore in FY 2022–23, ₹6.32 crore in FY 2023–24, and ₹6.51 crore in FY 2024–25, with an ambitious goal of ₹8 crore for the next fiscal.
TIDC Managing Director Dr. Shailesh Kumar Yadav also addressed the press and revealed that under the Chief Minister’s Skill Development Scheme, 10,000 individuals have been trained to meet the industrial sector’s demand for skilled workers. He also informed that a request has been made to the state government for 600 acres of land for new industrial zones.
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Board of Directors Mihir Sarkar and Meghnath Saha also participated in the conference, echoing the corporation’s commitment to industrial advancement and economic self-reliance in Tripura.
