Tripura, 31 May 2025; At the recently held Rising North-East Investors Summit in New Delhi, investment prospects worth ₹4.3 lakh crore have emerged for various northeastern states. For Tripura, a total of 64 Memorandums of Understanding (MoUs) were signed, accounting for potential investments of ₹15,823 crore. This was announced by Chief Minister Prof. (Dr.) Manik Saha during the NER Stakeholders Consultation Programme organized at Hotel Polo Towers.
The event witnessed the presence of representatives from business entities across the country, as well as secretaries and directors of various departments from Tripura and other northeastern states.
During his address, Chief Minister Dr. Saha stated that over 80 countries including Japan, nations from Europe, and ASEAN participated in the summit. He expressed confidence that the summit would play a crucial role in establishing Northeast India as an economic powerhouse. Dr. Saha further mentioned that, jointly with the Ministry of DoNER, Tripura has already signed 184 MoUs with investment prospects exceeding ₹15,000 crore—over 25% of which have already been implemented.
Dr. Saha emphasized the economic potential of Northeast India and highlighted that Tripura could benefit from focused investment in key sectors such as tourism, education, healthcare, agarwood, bamboo, and rubber. He also called for revisiting laws and policies related to land acquisition, investment, and development, suggesting that subsidies and tax exemptions could enhance the region’s investment climate.
The Chief Minister also discussed the formation of a high-level task force dedicated to making the Northeast a favorable investment destination. The task force has already held two meetings, and a strategic roadmap is expected within six months.
He stressed that the central government is giving high priority to the development of core infrastructure such as railways, roads, airports, waterways, banking, and telecom services in the region.
To foster a pro-industry atmosphere, the Tripura government has introduced several policies: the Industrial Investment Policy, IT Policy, Agarwood Policy, Tourism Policy, Startup Policy, and Electric Vehicle Policy. Under the Business Reforms Action Plan 2024, 387 reforms have been successfully implemented. The Tripura Jan Vishwas (Amendment) Ordinance has also been passed.
Additionally, Tripura Industrial Development Corporation has developed over 1,500 acres of new industrial areas, sector-specific industrial parks, and land parcels along major roads. The state currently hosts over 86,117 micro, small, and medium enterprises (MSMEs), with help desks established in block and municipal offices to support them. Subsidies are being provided for transporting raw materials and finished goods. The state has around 60,318 self-help groups, including over one lakh women entrepreneurs known as “Lakhpati Didis.”
Speaking at the event, Industry and Commerce Minister Santana Chakma said that Prime Minister Narendra Modi refers to the northeastern states as “Ashta Lakshmi” (the eight goddesses of prosperity). She credited the PM’s visionary approach for the rapid development of Tripura and the region, stating that due to its rich natural resources and strategic proximity to Southeast Asia under the Act East Policy, the region is becoming a hub of investment potential.
Tripura Industrial Development Corporation Chairman Nabadal Banik was also present at the event.
In his welcome address, Secretary of the Department of Industries and Commerce, Kiran Gitte, noted that Tripura’s Gross State Domestic Product (GSDP) has doubled in the past six years, with investors playing a key role in this growth. Dr. Shailesh Kumar Yadav, Director of the Industries and Commerce Department, delivered the vote of thanks.
