We welcome all SME/MSMEs (Micro Small and Medium Enterprises) and startups of Tripura to join and showcase their potential and value. We will be happy to promote your initiatives without any cost. Contact Us – firstname.lastname@example.org
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a2zstartup.com appeals to people of Tripura to participate in “Start-up India, Stand-up India” campaign of Mr. Modi and strengthen entrepreneurship culture in your state. Two months back Prime Minister Narendra Modi has announced Mudra Yojana, and till date Banks have already disbursed Rs 24,000 crore to 27 lakh small entrepreneurs under the scheme. MUDRA was established as a subsidiary of the Small Industries Development Bank of India (SIDBI) with an initial corpus of Rs 5,000 crore to provide capital to all banks seeking refinancing of small business loans under PMMY. PMMY loans fall into three categories — Shishu (up to Rs 50,000), Kishore (Rs 50,000-Rs 5 lakh), Tarun (Rs 5-10 lakh).
Some Important Aspects of Tripura:
Overview: Tripura, one of the north-eastern states, is bounded on the north, west, south and southeast by Bangladesh, whereas in the east, it shares a common boundary with Assam and Mizoram. The state has favourable climatic conditions for cultivation of various fruit and horticultural crops. It is rich in natural resources such as natural gas, rubber, tea and medicinal plants. Tripura is endowed with rich and diverse bamboo resources. It is also the second largest natural rubber producer in the country after Kerala and produced 37,277 million tonnes of rubber in FY 15. Tripura accounts for about 6 per cent of bamboo sticks, used for making incense sticks in India. Around 21 of the 130 bamboo species known in India are grown in the state. Tripura holds a strong tea plantation base, with 58 tea gardens covering an area of over 7,000 hectares in 2014-15. Tea produced in Tripura is famous for its blending qualities. The state is also rich in natural gas deposits, glass sands, limestone, plastic clay and hard rock. With its pleasant climate and scenic landscape, Tripura is a favoured tourist destination. The state offers tourists attractions such as historical Hindu and Buddhist sites, temples, rivers and rock carvings. The number of foreign tourists visiting the state grew at a compound annual growth rate (CAGR) of 50.4 per cent from 2010-11 to 2014-15. The state has favourable climatic conditions for cultivating various fruit and horticultural crops including rice, jackfruit, pineapple, potato, sugarcane, chilli and natural rubber. Rice is the major crop of the state and is cultivated in 91 per cent of the cropped area. The state has a wide variety of medical plants having 266 medicinal plants, 379 species of trees, 581 herbs, 320 shrubs and 165 climbers. Tripura has 87.8 per cent literacy rate, higher than the national average rate, making it an ideal destination for knowledge sectors. The state has a wide range of fiscal and policy incentives for businesses under the Tripura Industrial Investment Promotion Incentive Scheme, 2012. Developing infrastructure, improved rail & air connectivity, and establishment of trade routes have facilitated trade.
Economic Aspects of Tripura: Tripura’s gross state domestic product for 2010–11 was ₹129.47 billion (US$2.0 billion) at constant price (2004–05). In the same period, the GDP of India was ₹48778.42 billion (US$740 billion), with a growth rate of 8.55 per cent. Annual per capita income at current price of the state was ₹38493 (US$580), compared to the national per capita income ₹44345 (US$670). In 2009, the tertiary sector of the economy (service industries) was the largest contributor to the gross domestic product of the state, contributing 53.98 per cent of the state’s economy compared to 23.07 per cent from the primary sector (agriculture, forestry, mining) and 22.95 per cent from the secondary sector (industrial and manufacturing). According to the Economic Census of 2005, after agriculture, the maximum number of workers were engaged in retail trade (28.21 per cent of total non-agricultural workforce), followed by manufacturing (18.60 per cent), public administration (14.54 per cent), and education (14.40 per cent).
Tripura is an agrarian state with more than half of the population dependent on agriculture and allied activities. However, due to hilly terrain and forest cover, only 27 per cent of the land is available for cultivation. Rice, the major crop of the state, is cultivated in 91 per cent of the cropped area. According to the Directorate of Economics & Statistics, Government of Tripura, in 2009–10, potato, sugarcane, mesta, pulses and jute were the other major crops cultivated in the state. Jackfruit and pineapple top the list of horticultural products. Pisciculture has made significant advances in the state. At the end of 2009–10, the state produced a surplus of 104.3 million fish seeds. Rubber and tea are the important cash crops of the state. Tripura ranks second only to Kerala in the production of natural rubber in the country. The state is known for its handicraft, particularly hand-woven cotton fabric, wood carvings, and bamboo products. High quality timber including sal, garjan, teak and gamar are found abundantly in the forests of Tripura. Tata Trusts signed a pact with Government of Tripura in July, 2015 to improve fisheries and dairy in the state.
According to estimates by Oil and Natural Gas Corporation (ONGC), the state has 400 billion metres3 reserves of natural gas, with 16 billion metres3 is recoverable. ONGC produced 480 million metres3 natural gas in the state, in 2006–07. In 2011 and 2013, new large discoveries of natural gas were announced by ONGC. Tourism industry in the state is growing – the revenue earned in tourism sector crossed ₹10 million (US$150,000) for the first time in 2009–10, and surpassed ₹15 million (US$230,000) in 2010–11.
Rubber: With suitable topography and the acceptability amongst the people, rubber has been identified as one of the thrust areas in Tripura. Tripura is estimated to have about 26,500 hectares under rubber cultivation at present, which is the second largest after Kerala. Also, the yield per hectare and the quality of rubber are also comparable to Kerala’s plantations. Infact, the Rubber Board now considers Tripura the “Second Rubber Capital of India”. Availability of fine quantity of high quality rubber offers sufficient scope for setting up of rubber-based industries in the state. In order to provide necessary infrastructure of rubber-based projects the state government is in the process of setting up a rubber park.
Food processing: Tripura possess ideal suited agro-climatic conditions for production of a large range of horticultural crops. The “Queen” and “Kew” varieties of pineapple, jampui oranges, lichis and cashew are some of the products of Tripura that are popular in the rest of the country. These products are mostly organic in nature. In Tripura the fruit processing industry is still at a budding stage. With regard to pineapple processing, NERAMAC (a Government of India undertaking), has set up a modern Pineapple Juice Concentrate Plant at Nalkata in North Tripura District.Cashew processing has also been taken up by NERAMAC by setting up a small unit. This plant is operated at a low level due to non-operation of aseptic filter. TSIC (a state government undertaking) is also operating a small fruit-canning factory that produces fresh canned pineapple juice and other pineapple products. This factory holds the processing capacity of 400 TPA. Food processing has been identified as a major thrust area in Tripura by the state government and has been provided with state incentive package. A modern food processing technology park is being set up near Agartala, to give a boost to this sector. Also, an agri export zone for pineapple has been developed. The setting up of food processing units holds a vast potential in Tripura.
Natural Gas industry: Immense reserves of natural gas are present in non-associate form in Tripura. The gas is of high quality, with high methane content of up to 97%. Since 1972,ONGC has been actively engaged in exploration activities in the State. ONGC has stepped up the exploration activities in state. Tripura holds significant growth in the availability of natural gas in the near future.
Tea Industry: In Tripura the tea industry holds considerable scope for investment. The state has suitable agro-climatic conditions for development of tea plantation. The soils are generally fertile, and have no major problems of toxicities or deficiencies. In Tripura average annual rainfall is about 2100 mm, with a fairly even distribution over the year. The state is also categorized as a traditional tea-growing state.There is a considerable scope to increase the area under tea plantation as well as productivity. The tea industry in Tripura is known for its good blending qualities. Some plantations in the state are going for organic production of tea.
Bamboo: Bamboo is one of the most important non-wood forest resource in Tripura. In fact, Tripura is one of the highest CVP (climate, vegetation, precipitation) index zones (a measure of potential productivity) in the country. Tripura is endowed with rich and diverse bamboo resources. The most common uses of bamboo are housing and supply to paper mill in Assam. Only about 2% of the extracted bamboo is utilized for value addition through handicrafts and other products. Bamboo has been identified as a major thrust area by the state government for development. For the development of bamboo resources in Tripura and their optimum commercial utilisation the state has formulated a State Bamboo Policy. And has also signed an MOU with International Network for Bamboo and Rattan (INBAR) for effective implementation of the Bamboo policy of the state. In Tripura, the main industry based on bamboo is cane and bamboo handicrafts. In order to organize/ develop this industry on modern lines steps have been taken. Apart from this, with the availability of huge bamboo resources in the state, industrial products like bamboo tiles, laminated products, ply, boards, corrugated sheets etc can be produced, which can be used as building materials, for furniture manufacture etc. According to the studies Bamboo is a very effective alternate for timber and is, in fact, better in many respects.
Handlooms: Tripura-this ancient land, beneath the sylvan shadows, from time immemorial, there have been remarkable experiments in traditional art and the crafts that earned the lofty admiration of time-honored connoisseurs like Huen Tsang, Tavernier, Ab-Ul-Fazal and even the great poet Rabindranath Tagore. The art of weaving occupies a very sacred place in the traditional life of Tripura. In fact in their tribal society no right or ritual is sanctioned unless it is preceded by a worship of ‘Riha’ the hand-woven breast cover of the family elders. The ancient folk-lorries and fables of Tripura galore with innumerable examples of glorification of the art of weaving in the tribal society. Nature has endowed the people of this land with a very high sense of aesthetic beauty that enabled their skillful hands to translate the vision in various forms of art in conformity with the unique aesthetic equilibrium of the nature, in all the details of sense, color, perception forms and even rhythm. Today, Tripura Handloom represents a unique harmonious blend of three traditions- Tribal, Bengali and Manipuri weaving.
Tribal fabrics: The Tribal fabrics of Tripura are well known for their elegant design, bold color combination and lasting texture. The Tribal motifs skillfully depicted through stylized decorative designs are really in great demand. Modern made-up in tribal fabrics is very attractive indeed.
Manipuri fabrics: The Manipuri community of Tripura specializes in certain traditional items of distinct heritage. Today, they represent a synthesized tradition quite distinct from the handloom of Manipur. They produce colorful bedspread Lysingphee and elegant furnishing fabrics with Typical Manipuri designs.
Bengalee fabrics: With aforesaid two traditions of Handloom in Tripura, the third blending force is the one represented by Bengalee weavers who migrated erstwhile East Pakistan (Bangladesh). They have in many ways rejuvenated and supplemented handloom tradition of this land with greater Bengal weaving heritage. This has resulted into a wide variety of common use products like silk and cotton saris, lungis, Shirting’s, jute carpets, bedspreads and colorful furnishing fabrics. In Tripura, weavers of all communities have shown a remarkable courage of conviction in freely adopting motifs and techniques from each other’s tradition with a view to enriching their own.
Information Technology: IT sector (including IT-enabled services) has been identified as one of major potential growth sectors by the state. The literacy rate of the state is about 74% now, which is higher than the national average. IT industry being a knowledge-based industry, educated human resource is the most promising resource of the State. It also has good network of schools and colleges spread across the State, including an Engineering College, a Polytechnic and four ITIs. For development of Human Resources for Information Technology through adoption of IT education, for boosting up investment in IT sector and also for promotion of Electronic Governance, the State Government has announced the IT Policy 2000.Tripura has been considered the second best IT destination in the North East, after Assam, in an independent study conducted by NEDFi. Encouraged by this, NEDFi is setting up an IT Park in Tripura, which will provide all necessary infrastructure facilities required for IT sector. The state government has also accorded special status to this industry and special incentives have been announced for IT industry in the new Incentive Package.
Tourism: Tripura is an attractive tourist destination. The state has a rich cultural heritage. There are number of historical Hindu, Buddhist sites. The state also has rich flora and fauna. There is also great potential for development of tourist circuits, involving all the NE states and if possible, Bangladesh as well. All this offers attractive opportunities for the Hospitality Industry.
Horticulture: Tripura is land of high hills, hillocks, interspersed with rivers and valleys having moderately warm and humid climate, well distributed annual rainfall of 2500 mm. The terrain soil and climate of the state of Tripura are ideally suited for rain-fed horticulture. fruits like pineapple, jackfruit, orange, litchi, cashew nut, coconut, lime, and lemon are produced in abundance. Fruit crops in the state are grown on hillocks, availing the well-distributed rainfall without application of any fertilizers or chemicals.
Roads: The total length of roads in Tripura is 15,227 km of which major district roads constitute 454 km and other district roads are of 1,538 km.
Aviation: The states only Airport is at Agartala (Ushabazar), which is connected with Kolkata.
Seaport: Chittagong, Bangladesh (110 km from Sabroom)
River port: Ashuganj, Bangladesh (30 km from Agartala), Karimganj, and Assam (250 km from Agartala)
Natural Gas: Tripura has vast reserves of natural gas in non-associate form. The availability of superior quality natural gas at concessional rates offers a great opportunity to prospective investors.
Food Processing: The agro-climatic conditions in Tripura are Ideally suited for production of large variety of horticulture crops. The food processing industry is still in the nascent stage and holds huge potential for investment. A modern food processing technology park is being set up near Agartala and an agri export zone for pineapple is also being developed.
Rubber: The terrain is very suitable for the production of rubber. Studies have shown that approximately 1,00,000 hectares of area in the state can be brought under rubber plantation. The availability of good quantity of high quality rubber offers ample scope for setting up of rubber-based industries. A rubber park has been proposed in order to provide necessary infrastructure to rubber-based projects.
Tea: The agro-climatic conditions are favorable for the development of tea plantation, the soil is fertile and the rainfall is evenly distributed over the year. There is considerable scope to increase both the area under plantation and the productivity.
Handicraft: Cane and bamboo occupy a distinctive role in the life of Tripura.
Bamboo: Bamboo is one of the most important non-wood forest resources in Tripura; industrial Products based on Bamboo can be developed. Tripura is one of the highest CVP (Climate, Vegetation, precipitation) index zones (a measure of potential productivity) in the country. The state has formulated a State Bamboo Policy for development of bamboo resources and their optimum commercial utilization.
Handloom: The tribal fabrics of Tripura are well known for their elegant design, bold color combination and lasting texture. The tribal motifs have a high demand. Manipuri and Bengali fabrics have also been identified as thrust areas.
Tourism: Tripura is an attractive tourist destination, the state has rich cultural heritage. There is great potential for the development of tourist circuits, including all the northeast states. Attractive opportunities are available for the hospitality industry. All incentives available to other industries are also available for setting up hotel industry.
Information Technology: IT sector (including ITES) has been identified as one of the major potential growth sector by the state. The literacy rate of the state is around 74%, which is higher than the national average. For boosting investments in the IT sector, and for promotion of electronic governance, the sate government has announced an explicit IT policy.
(Source: indiainbusiness.nic.in, ibef.org and Wikipedia)
Connectivity and bamboo can change Tripura, says DoNER Minister: DoNER Minister Dr.Jitendra Singh met Tripura Chief Minister Manik Sarkar and discussed the progress of various projects for the development of the landlocked bordering state through improving connectivity and proper utilization of its strategic location beside abundantly available raw materials. Tripura will soon be connected by broad gauge rail and taking advantage of its strategic location should be able to improve India’s bilateral trade with neighboring countries under the Act East Policy. The Union Minister informed that to expedite the Prime Minister Narendra Modi’s Act East Policy, India is prioritizing multi-modal connectivity in the north eastern region, including water connectivity and already 16 projects have been approved for this region and Tripura should take maximum advantage from it to increase bilateral trade with neighboring Bangladesh. Tripura has huge potential and can become the ‘Bamboo State of India’.
(Source: business standard)
Ratan Tata pledges support to community development in Tripura: Eminent industrialist Ratan Tata has pledged support to community development work in Tripura as Tata Trusts joined hands with the state government. Speaking at the MoU signing between Tripura government and Tata Trusts for community development in the state Mr. Tata said “We have embarked on a partnership with a view to convey in our minds philanthropy, which today is no longer about providing charity. It is being a partner with recipient to raise the quality of life, to create prosperity not by being exploitive, not by taking natural resource or assets from here and developing from outside but creating livelihood for people we are working with a view to make a difference and to increase the dignity and self-respect of the community with whom we work. It is with this interest, that we have started the ventures which the Chief Minister on fisheries, poultry and dairy product departments.”
The joint initiative intends to implement interventions in the field of dairy development, fisheries, skill development, education, nutrition and health, for improvement in the quality of life of the people of the state.
Tripura has potential to be an IT hub: During information technology conclave which held in Tripura, C Subramanya, Chief Technology Officer of Hinduja Global Solutions Limited said “The first pre-condition of any IT hub is the high-speed internet connectivity which Tripura is going to get as the state is being connected with Bangladesh through submarine cable”. With the commissioning of the country’s third International Internet Gateway (IIG) after Chennai and Mumbai, Tripura stands close to be an IT hub. Governor Tathagata Roy, who inaugurated the conclave, said the state had potential human resources to make it an IT hub. Tu Fu-Han, Director of Taipei World Trade Centre said Taiwan was a small state having dearth of resources, but could make a global presence in the IT industry and electronic products. “We do not have plenty of resources, but with the help of the semi-conductor industry and computer manufacturing, design and packaging, Taiwan has been able to make a mark in the global market”.
(Source: economic times)