Tripura Revises IIPIS

Tripura Revises IIPIS to attract investment and employment

Tripura Revises IIPIS

Tripura is transforming itself into an immensely valuable business and trade destination. Brimming with natural landscape and manmade marvels of infrastructures, its economy is exploding with the excitement of new possibilities and fruitful collaborations.

However, it is a matter of utmost importance to harness the transition from a remote, neglected region to becoming North East’s most productive and nationally rewarding state. Employment based subsidies, revamping investment topography, enriching IT and software segments and providing incentives for Agri-businesses are some of the prominent facets driving the state’s economic engine of growth.

With the recent revision in Industrial Investment Promotion and Incentive scheme (IIPIS) 2012, Tripura has accoutered infrastructural and logistic support, along with capital subsidy being raised from 30 to 35% of the fixed capital investment.

With dismissal of bottlenecks and ease in connectivity between India and Bangladesh, the investment windows have been generously flung open to welcome South Asian markets. Hassle-free operations have given Bangladesh the confidence to provide accessibility to its seaport at Chittagong and river port at Ashuganj.

Known for pragmatism and circumspect vision, Chief Minister Mr. Manik Sarkar has fueled the state of Tripura with investment beckoning opportunities, specifically for establishing small and medium scale units. The rich reservoir of natural resources like bamboo, rubber, tea and natural gas make the investment pool even more expansive and wide-ranging.