Tripura signs eight MoUs worth Rs.312.38 cr
On Tuesday the Tripura government signed eight MoUs with investment proposals of Rs.312.38 crore in various sectors including rubber, bamboo, agriculture, and health services in the state.
The MoUs were signed during a state-level investment round table meeting, where Chief Minister Manik Saha, top central and state government officials, investors, and industrialists from different parts of the country participated.
Chief Minister Manik Saha said that over 140 investors and industrialists from across the country participated during the one-day investors’ meeting.
The investors signed the MoUs with the Tripura government to set up a rubber-based industry, the plywood industry, mechanical agarbatti rolling, medical and skill education, BPO, warehouse, hospitality, agro and milk processing.
The proposed ventures envisaged creating employment opportunities for several hundred people.
Saha said that the state government is providing investment subsidy, 15 percent procurement subsidy, industrial promotions subsidy, power subsidy, partial reimbursement of interest on term loans, one-time full reimbursement of standard certificate charges or fees, employment cost subsidy, export promotion subsidy, state promotion subsidy on secondary raw materials at 50 percent among different benefits to attract industry and businesses in Tripura.
The one-day roundtable investment meet is part of the Northeast Global Investors Summit to be held in Delhi in August-September this year to attract investment in the northeastern region.
A senior official of Tripura Industries and Commerce Department said that the focus sectors of the summit include tourism and hospitality, agro-food processing, textiles, handloom and handicrafts, pharmaceuticals, healthcare, education, and skill development, Information Technology and Services, entertainment, sports, tea, energy among others.
Before the Delhi summit, a series of activities including state round-tables would be organized in the northeastern states, road shows in Mumbai (on May 29), Dhaka (Bangladesh) (on June 13), Hyderabad (on June 23) and Kolkata (on July 10).
The outline of the roadshows would include structured B2B and B2G meetings, roundtable conferences, and panel discussions focusing on investment opportunities in the eight northeastern states of India.
[With Inputs from IANS]
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Heard & seen many signing MoUs but none have materialized for our Businessmen are in show business & not real business.
None of our businessmen have any blue print on what to invest, so nothing is going to come out except some signed pages