You are here: Home » Finance » News » Others
Business Standard

Germany to fund 15 mn Euro Tripura project

Supratim Dey  |  Kolkata/ Guwahati 

Germany has come forward to fund a 15 million euro Tripura government project for socio-economic development of tribals and forest resource management.  

 The project, which would be implemented by the state government over a period of six years, would be one of the biggest foreign aided projects for the north-eastern state of Tripura.

 “This is a project for which Germany has come forward (after the state government approached it) to provide financial assistance. The main activity of the project would be forest resource management and livelihood development of tribals,” said Jitendra Chowdhury, industry and commerce minister of Tripura, to Business Standard.  Chowdhury said the state government would reach out to more than 100 villages and nearly 50,000 tribals through the project.

 The project area would cover 343,100 hectares of forest land in Dhalai district and parts of North Tripura district.            

 German government-owned development bank, KFW, will be the financer and German Technology Corporation (GTC) will provide the required technical assistance to the Tripura government for implementation of the project.  GTC will provide technical assistance to help the state government better utilise the forest-based resources for sustainable development.

 Chowdhury said that in addition to it, a similar kind of project of the state government was being funded by the Japan International Corporation Agency (JICA).  The German project was recently flagged off by the state’s chief minister, Manik Sarkar, at Ambassa in North Tripura.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, June 15 2009. 00:29 IST