Tripura will host a mega business conclave in July as the state government looks to capitalise on rising investor interest and a steady increase in industrial proposals, officials said. The conclave, which aims to bring together industrial players, investors and business leaders from across India, is expected to generate investment proposals of nearly Rs 40,000 crore, based on feedback from industry stakeholders. Since 2022 the state has signed 394 Memoranda of Understanding (MoUs) worth Rs 35,140 crore, and projects valued at Rs 5,352 crore have already been grounded, the government said.
Speaking at a press conference on Thursday, Industries and Commerce Secretary Kiran Gitte said Tripura has become “the first in the country to complete all priority areas under deregulation phase II” of the Centre’s compliance reduction and deregulation initiative. He said the reforms are designed to simplify approvals and cut procedural hurdles for industrial and service-sector ventures.
The government credits recent policy changes and infrastructure upgrades with strengthening Tripura’s appeal as an investment destination in the Northeast. “We have already put infrastructure — railway, national highway and airway — in place, which is required for pushing investment or industries,” Gitte said, adding that an “investment‑friendly atmosphere” has helped boost business interest.
Officials said the Industries and Commerce Department has been conducting roadshows in major cities to showcase Tripura’s industrial potential and attract companies looking to expand operations in the region. The state is also pitching itself to information technology companies by highlighting improved connectivity and regulatory reforms.
Gitte said the government is investing Rs 10,000 crore in physical infrastructure and aims to attract another Rs 10,000 crore in private investment. “If we manage to bring in Rs 10,000 crore through private investment, it will increase the state’s GDP from 12 per cent to 16 per cent,” he said.
On cross‑border connectivity, Gitte said Tripura has written to the Centre seeking the early operationalisation of the long‑pending Maitri Setu bridge linking Sabroom with Ramgarh in Bangladesh, and that the bridge is expected to open shortly — a move officials say would boost trade and regional connectivity.
Original Source: https://www.indiatodayne.in/tripura/story/tripura-eyes-fresh-investment-push-with-mega-business-conclave-in-july-1392085-2026-05-15?utm_source=rssfeed
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Publish Date: 2026-05-15 08:50:00
