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.
As of April 2021, Tripura had a total installed power generation capacity of 723.96 MW, of which 153.01 MW was under state utilities, 566.54 MW was under central and 4.41 MW was under the private sector. Of the total installed capacity, 630.05 MW was contributed by thermal power, 68.49 MW by hydropower and 25.42 MW by renewable resources as of April 2021. Total merchandise export from the state stood at US$ 1.75 million during 2019-20. In During April-January 2021, export stood at US$ 10.77 million. According to Department for Promotion of Industry and Internal Trade (DPIIT), FDI (Foreign Direct Investment) inflow in Tripura** stood at US$ 122 million between April 2000 and September 2019. Between October 2019 and March 2021, FDI inflows in Tripura stood at US$ 0.43 million.
Some of the major initiatives taken by the Government to promote Tripura as an investment destination are:

  1. In March 2021, Prime Minister Mr. Narendra Modi inaugurated ‘Maitri Setu’, a road link between Bangladesh and India to boost the connectivity in the Indo-Pacific region. The ‘Maitri Setu’ bridge has been built over Feni River which flows between Tripura and Bangladesh.
  2. In December 2020, the Asian Development Bank (ADB) is likely to provide a Rs. 2,100 crore (US$ 286.12 million) loan to the Tripura government for the development of urban areas and tourism.
  3. In July 2019, the Ministry of Heavy Industry and Public Enterprises sanctioned 50 electric buses for the state.
  4. As of May 2018, Tripura had won eight new projects worth Rs. 74.12 crore (US$ 6.38 million) under Deen Dayal Upadhyaya Gram Jyoti Yojana (DDUGJY). Till November 2019, state had utilised Rs. 14.11 crore (US$ 2.02 million).
  5. In December 2019, Tripura got approval for its first Special Economic Zone (SEZ). This will be established at Jalefa, Sabroom, South Tripura District. This will be an agro-based food processing sector SEZ.

The Asian Development Bank (ADB) and the Government of India signed a $4.21 million project readiness financing (PRF) facility for the preparation of infrastructure development projects to improve urban amenities and develop tourism infrastructure in the northeastern state of Tripura. This is ADB’s first PRF facility for a state in the northeastern region of India. The facility will support the Government of Tripura’s priorities of improving urban services and tourism infrastructure through holistic planning by developing key infrastructure investment projects and related reforms in these sectors that will help boost economic development. The facility aims to ensure high readiness of ensuing infrastructure projects through feasibility studies, preparing detailed engineering designs, and capacity building of state level agencies while ensuring climate and disaster resilience, inclusiveness and sustainability of subprojects. Inadequate urban infrastructure and low institutional capacity of urban local bodies (ULBs) have impeded urbanization-led growth in Tripura. The PRF will help finance preparation of integrated infrastructure development plans for 7 districts headquarter towns (DHT) and 13 ULBs focused on water supply, sanitation, storm water drainage, urban roads, and urban amenities. The state’s tourism growth is also hindered by inadequate infrastructure and lack of planned activities. The PRF will support the state government’s objectives of improving contribution of tourism to the economy and will support development of integrated tourism infrastructure plans. These include provisioning of amenities and improving road connectivity to the tourist destinations together with marketing and promotion strategies.

Industrial Infrastructure Projects Set up/ being set up

Project Area in acre Project Cost (Rs in crores)
Industrial Growth Centre 320.80 15.00
Food Park 30 7.07
Export Promotion Industrial Park 126.12 10.00
Rubber Park 58.81 23.00
Total 535.73 55.07
Indian Oil Corporation Limited 40.00 To be invested by IOCL
Bamboo Park 135 29.00
R.K.Nagar Industrial Park 28.16 -
Textile Park 23.00 To be invested by EITP
Total 226.16 29.00
Source: Tripura Industrial Development Corporation Ltd.