Tripura 2011 the LAND of PERMANENT SPRING
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NOVEMBER Tripura 2011 THE LAND OF PERMANENT SPRING For updated information, please visit www.ibef.org 1 NOVEMBER Tripura 2011 THE LAND OF PERMANENT SPRING Contents Tripura – An Introduction Infrastructure Status Business Opportunities Doing Business in Tripura State Acts & Policies For updated information, please visit www.ibef.org 2 NOVEMBER Tripura 2011 THE LAND OF PERMANENT SPRING Tripura Factfile → Tripura has four administrative districts: North Tripura, West Tripura, South Tripura and Dhalai. Agartala is the state capital and the state’s largest city. The key towns in the state are Kailashahar, Udaipur, Khumulwng, Kamalpur, Ambassa, Khowai and Sabroom. → The main rivers flowing through Tripura are Gomati, Manu, Khowai, Feni, Doloi, Muhuri and Haora. Parameters Tripura Capital Agartala Geographical area (sq km) 10,492 Administrative districts (No) 4 Population density (persons per sq km)* 350 Total population (million)* 3.6 Male population (million)* 1.8 → Tripura is bounded on the North, West, South and South-east by Bangladesh, whereas in the East it has a Female population (million)* 1.8 common boundary with Assam and Mizoram. Sex ratio (females per 1,000 males)* 961 Literacy rate (%)* 87.8 → Bengali and Kokborok/Tripuri are the official languages of the state. The medium of instruction in schools is either Bengali or English. Sources: Government of Tripura Website, www.tripura.nic.in *Provisional Data – Census 2011 For updated information, please visit www.ibef.org TRIPURA – AN INTRODUCTION 3 NOVEMBER Tripura 2011 THE LAND OF PERMANENT SPRING Tripura in Figures … (1/2) Parameter Tripura All-States Source Economy GSDP as a percentage of all states’ GSDP 0.3 100 CMIE, as of 2009-10, current prices Average GSDP growth rate (%)* 10.4 15.5 CMIE, 2004-05 to 2009-10, current prices Per capita GSDP (US$) 866.0 1,302.4 CMIE, as of 2009-10, current prices Physical Infrastructure Installed power capacity (MW) 265.0 173,626.4 Central Electricity Authority, as of March 2011 Cellular Operators Association of India, as of GSM cellular subscribers (No) 7,088,382^ 618,284,322 September 2011 Ministry of Communications & Information Broadband subscribers (No) 37,605** 10,737,850 Technology, as of November 2010 Ministry of Road Transport & Highways, National Highway length (km) 400 70,934 Annual Report 2010-11 Airports (No) 1 133 Airport Authority of India *Calculated in Indian Rupee Terms ^Combined figures for the Northeast states comprising Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Tripura and Sikkim **Combined figures for the Northeast states comprising Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland and Tripura For updated information, please visit www.ibef.org TRIPURA – AN INTRODUCTION 4 NOVEMBER Tripura 2011 THE LAND OF PERMANENT SPRING Tripura in Figures … (2/2) Parameter Tripura All-States Source Social Indicators Literacy rate (%) 87.8 74.0 Provisional Data – Census 2011 Birth rate (per 1,000 population) 14.8 22.5 SRS Bulletin, 2009 Investments Department of Industrial Policy & Promotion, FDI equity inflows (US$ billion) 0.07* 132.9 April 2000 to April 2011 Outstanding investments (US$ billion) 9.6 7449.3 CMIE (2009-10) *FDI inflows for the Reserve Bank of India-designated, Guwahati-region, which includes Assam, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland and Tripura. SRS: Sample Registration System For updated information, please visit www.ibef.org TRIPURA – AN INTRODUCTION 5 NOVEMBER Tripura 2011 THE LAND OF PERMANENT SPRING Advantage Tripura … (1/2) Endowed with Natural Resources Tripura is rich in natural resources such as natural oil and gas, rubber, tea and medicinal plants. It is also known for its vibrant food processing, bamboo and sericulture industries. International Trade Opportunities Tripura acts as a gateway between Northeast India and Bangladesh. This offers immense potential for international trade. Improving Connectivity and Infrastructure Tripura is connected with the rest of Northeast India by National Highway (NH)-44. Improved rail, air connectivity and establishment of trade routes have further facilitated the trade. For updated information, please visit www.ibef.org TRIPURA – AN INTRODUCTION 6 NOVEMBER Tripura 2011 THE LAND OF PERMANENT SPRING Advantage Tripura … (2/2) Untapped Sectors The state has several potential but unexplored sectors such as organic spices, bio-fuel and eco-tourism. Availability of Skilled Workforce At 87.8 per cent, Tripura’s literacy rate is higher than the national average rate. The state has institutes such as National Institute of Technology (NIT) and Tripura Institute of Technology (TIT) which provide skilled manpower to the industries. Tourist Destination With its pleasant climate and scenic landscape, Tripura is a favoured tourist destination. The state offers tourists a variety of sites to visit, such as temples, rivers and rock carvings. For updated information, please visit www.ibef.org TRIPURA – AN INTRODUCTION 7 NOVEMBER Tripura 2011 THE LAND OF PERMANENT SPRING Economic Snapshot – GSDP → At current prices, the total Gross State Domestic Tripura’s GSDP Product (GSDP) of Tripura was about US$ 3.0 billion in 2009-10 . 2009-10 3.0 → The state’s GSDP grew at an average annual rate of 2008-09 2.8 9.5 per cent between 2004-05 and 2009-10 . 2007-08 2.9 2006-07 2.4 CAGR 2005-06 2.2 9.5% 2004-05 1.9 0 0.5 1 1.5 2 2.5 3 3.5 US$ billion Source: CMIE For updated information, please visit www.ibef.org TRIPURA – AN INTRODUCTION 8 NOVEMBER Tripura 2011 THE LAND OF PERMANENT SPRING Economic Snapshot – NSDP → The Net State Domestic Product (NSDP) of Tripura was Tripura’s NSDP about US$ 2.6 billion in 2009-10 . 2009-10 2.6 → Tripura’s NSDP grew at an average rate of 7.6 per cent between 2004-05 and 2009-10 . 2008-09 2.5 2007-08 2.6 2006-07 2.2 2005-06 2.0 CAGR 7.6% 2004-05 1.8 0 0.5 1 1.5 2 2.5 3 US$ billion Source: CMIE For updated information, please visit www.ibef.org TRIPURA – AN INTRODUCTION 9 NOVEMBER Tripura 2011 THE LAND OF PERMANENT SPRING Economic Snapshot – Per Capita GSDP → The state’s per capita GSDP in 2009-10 was US$ 866 as Per Capita GSDP compared to US$ 591.4 in 2004-05. 1,000 CAGR 900 866.0 → Per capita GSDP increased at an average annual rate of 7.9% 812.0 800 843.8 7.9 per cent between 2004-05 and 2009-10 . 702.3 700 654.5 591.4 600 500 US$ 400 300 200 100 0 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 Source: CMIE For updated information, please visit www.ibef.org TRIPURA – AN INTRODUCTION 10 NOVEMBER Tripura 2011 THE LAND OF PERMANENT SPRING Economic Snapshot – Per Capita NSDP → The state’s per capita NSDP in 2009-10 was US$ 755 as Per Capita NSDP compared to US$ 542.6 in 2004-05. 900 CAGR 800 755.0 → The per capita NSDP increased at an average rate of 6.8% 726.4 773.1 6.8 per cent between 2004-05 and 2009-10 . 700 602.2 642.2 600 542.6 500 US$ 400 300 200 100 0 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 Source: CMIE For updated information, please visit www.ibef.org TRIPURA – AN INTRODUCTION 11 NOVEMBER Tripura 2011 THE LAND OF PERMANENT SPRING Economic Snapshot – Percentage Distribution of GSDP → In 2009-10 , the tertiary sector contributed 56.5 per Percentage Distribution of GSDP cent to the state’s GSDP, followed by the secondary CAGR sector (22.0 per cent) and the primary sector (21 .5 per 100 cent). 90 80 50.7 70 56.5 12.8% → The tertiary sector registered the highest growth rate 60 of 12.8 per cent between 2004-05 and 2009-10 ; driven 50 by trade, hotels, real estate, finance, insurance, 40 22.8 transport, communications and other services. 30 22.0 9.5% 20 26.5 → The secondary sector grew at an average rate of 9.5 10 21.5 5.8% per cent during the period 2004-05 and 2009-10 . The 0 primary sector grew at an average rate of 5.8 per cent 2004-05 2009-10 between 2004-05 and 2009-10 . Primary Sector Secondary Sector Tertiary Sector Source: CMIE For updated information, please visit www.ibef.org TRIPURA – AN INTRODUCTION 12 NOVEMBER Tripura 2011 THE LAND OF PERMANENT SPRING Economic Snapshot – Consumer Expenditure on Household Goods and Services → Rural Tripura is ahead as compared to all-India in share of per capita expenditure on food and education. Share of Average Monthly Per Capita Expenditure on Household Goods and Other Services 70.0% 59.0% Rural 60.0% 52.3% 50.0% 40.0% 30.0% 20.0% 4.6% 6.3% 6.7% 10.0% 3.7% 3.6% 1.8% 0.0% Food Education Medical Durable goods All-India Tripura Source: Household Consumer Expenditure in India, 2007-08 NSS 64th Round For updated information, please visit www.ibef.org TRIPURA – AN INTRODUCTION 13 NOVEMBER Tripura 2011 THE LAND OF PERMANENT SPRING Economic Snapshot – Agricultural Production → Agriculture and allied activities are the mainstay of Tripura. It provide employment to about 64 per cent Annual Production in of the population. Crop 2008-09 (tonnes) → With about 62 per cent of the net-sown area under Rice 641,086 food-crop cultivation, food crop predominates over Potato 77,809 cash-crop cultivation in the state. Natural Rubber 25,588 → Rice, potato, natural rubber and groundnut are some Coconut 9,506 of the major crops of the state. As of February 2011, Groundnut 285 Tripura was the second-largest rubber producer in the country, after Kerala, with 52,500 hectares of land under rubber cultivation.