CM-led panel formed to boost investment and industry in Tripura

Guwahati: To boost the economic and financial growth in the state, a high-level committee has been formed by the Tripura government dedicated to enhancing investment and industry segments.

The panel will be headed by Tripura Chief Minister Manik Saha and will be known as the Investment Promotion Agency of Tripura (IPAT.

It will consist of eight members, with Santana Chakma, the Commerce and Industries Minister, appointed as the vice-chairperson.

The objective of the panel is to streamline numerous processes and facilitate investment projects.

Addressing the Northeastern Industry Summit in Delhi, Minister Santana Chakma said that significant strides have been made by the state government in the last few years.

She said that the state has recently inked 14 agreements with potential investors, with six entrepreneurs already investing Rs 29.85 crore in new industrial ventures.

Moreover, an additional investment of Rs 750 crore is expected in the near future, underscoring growing investor confidence.

Regarding infrastructure developments, Chakma mentioned their plans to reopen the Kamalasagar border haat in Sepahijala district which was closed during the Covid pandemic.

Assessments by the Joint Border Committee have ushered the way for its imminent resumption, promising renewed economic activity and cross-border trade opportunities.

In addition, she emphasized collaborative efforts with the central government to operationalize the Maitri Setu, a bridge inaugurated in March 2021 to strengthen connectivity and trade between India and Bangladesh.