Tripura promotes itself as major investment hub

'Invest - Tripura' business meet sent an open invitation to investors from across the country and neighbouring Bangladesh

The Tripura Government has taken several key initiatives to promote industries and bring investment into the state.

To take this vision forward, ASSOCHAM, under the guidance of the government, recently organised a business meet named "Invest - Tripura".

"Invest - Tripura" sent an open invitation to investors from across the country and neighbouring Bangladesh.

The event was held under the aegis of ASSOCHAM with the government's support.

With its rich stock of human and natural resources along with strong administrative support, the state bordering Bangladesh has a high chance of becoming a hub for industrial investment and a gateway to Southeast Asia.

"The main aim of the business meet is to promote Tripura among investors and attract them for investing in various potential sectors like technology, food processing, infrastructure and tourism beside one-to-one interaction with the minister, government officials and local entrepreneurs," said ASSOCHAM Regional Director Parminder Jeet Kaur.

A delegation led by Bangladesh Industry Minister Alhaz Amir Hussain also took part in the meet.

The common border between Tripura and Bangladesh and its connectivity to the neighbouring country add to its appeal as a major trade hub.

"At present, all bans have been removed and both the governments (Bangladesh and India) have removed bans. Now, the investors can invest wherever they want. A businessman from Bangladesh can invest in India and those from there can invest in Bangladesh. Huge investments are already taking place. After removal of bans limiting investments, major investments from India are coming to Bangladesh, especially in power and shipping sectors," said Bangladesh Industry Minister Alhaz Amir Hussain Amu.

As many as 40 business delegations from leading Indian industries and two international agencies, namely Hong Kong Trade Development Council and India China Economic and Cultural Council, also attended the business meet to explore investment opportunities in the state.

Tripura is truly reaping the benefits of peace by encouraging trade and business.