TRIPURA THE LAND OF PERMANENT SPRING For updated information, please visit www.ibef.org November 2017 Table of Content Executive Summary .…………….…………...3 Advantage State ...……………………..…….5 North East Region Vision 2020 ……..….….6 Tripura – An Introduction …………....……....7 Budget ………………………………………..16 Infrastructure Status ...................................17 Business Opportunities ……..…………......30 Doing Business in Tripura …………...….....41 State Acts & Policies ….….………..............45 EXECUTIVE SUMMARY … (1/2) Largest bamboo . Tripura is endowed with rich and diverse bamboo resources. It is home to 21 species of bamboo. The state producing hub in India has an area of 7,195 hectares for the production of bamboo. Strong natural rubber . Tripura is the 2nd largest natural rubber producer in the country, after Kerala. As of 2015-16, production of production base rubber in the state stood at 44,245 tonnes as compared to 39,000 tonnes in 2013-14. Fifth largest tea . Tripura holds a strong tea plantation base, with 58 tea gardens covering an area of over 6,400 hectares as of 2014-15. Due to large availability of land along with appropriate climatic conditions gradual boost to the tea producing state production in the state has been witnessed. In 2015-16, tea production in the state stood at 8.96 million kg. Unique cultural mix in . A unique harmonious blend of 3 traditions (tribal, Bengali & Manipuri weaving) can be seen in Tripura’s handicraft art handicrafts. The state is known for its unique cane & bamboo handicrafts. Untapped resources . Tripura has several potential, yet relatively unexplored sectors such as organic spices, bio-fuel and eco- provided growth tourism. It is rich in natural resources such as natural gas, rubber, tea and medicinal plants. The state is also potential known for its vibrant food processing, bamboo and sericulture industries. Source: Ministry of Agriculture, Tripura State Portal 3 TRIPURA For updated information, please visit www.ibef.org EXECUTIVE SUMMARY … (2/2) Offers international . Tripura acts as a gateway between Northeast India & Bangladesh. The state shares a 856-km international trade opportunities border with Bangladesh. This offers enormous potential for international trade. The state has favourable climatic conditions for cultivation of various fruit and horticultural crops. The state’s Food processing hub in pineapples and oranges are known for their unique flavours and organic nature. It has set up a modern food Northeast park near Agartala to boost growth in the food processing sector & an agri-export zone for pineapples. The state also has potential in the meat-processing sector. Treasure of natural . Tripura has about 266 medicinal plants, 379 species of trees, 581 herbs, 320 shrubs,165 climbers, 16 climbing shrubs, 35 ferns & 45 epiphytes. The pertinent tropical climatic conditions in the state supports the medicine flourishing growth of various types of the medicinal plant & other forest resources scattered all over the state. Source: Tripura State Portal, News Articles, Department of Industries & Commerce (Government of Tripura), Ministry of Agriculture 4 TRIPURA For updated information, please visit www.ibef.org ADVANTAGE: TRIPURA 2015-16 Tourism hub in North East Untapped resources and medical plants 2015-16 . With its pleasant climate and scenic landscape, Tripura . Tripura has several potential, but unexplored sectors is a favoured tourist destination. such as organic spices, bio-fuels & eco-tourism. Per capita GSDP at . Its blessed with scenic beauty, ancient places, temples, . The state has a wide variety of medical plants. It has GSDP at current breathing taking verdant hills & bio-diversity treasure 266 medicinal plants, 379 species of trees, 581 herbs, current prices: US$ trove of wildlife sanctuaries 320 shrubs & 165 climbers. prices: US$ 5.20 billion 1,406.7 Advantage Availability of skilled Tripura Policy and workforce infrastructure support . Tripura has a large base of skilled labour, making it an . Tripura has a wide range of fiscal & policy incentives ideal destination for knowledge sectors. At 87.8%, its for businesses under the Tripura Industrial Investment literacy rate is higher than the national average rate. Promotion Incentive Scheme, 2012. The state has institutes such as National Institute of . Developing infrastructure, improved rail & air Technology (NIT) & Tripura Institute of Technology connectivity & establishment of trade routes have (TIT), which provide skilled manpower to various facilitated trade. industries. In June 2017, the state government announced an average 19.68% pay hike for its pensioners and employees 5 TRIPURA For updated information, please visit www.ibef.org NORTH EAST REGION VISION 2020 . Improving standard of living of . Government had targeted to grow people in the region to meet the GSDP by 9.5% and per capita national standard by 2020. GSDP by 7.3% over 2007-20. Creating centres of excellence, state-of-art hospitals and educational institutions. Encouraging public investment in Quality of life of . Better governance and ensuring infrastructure to attract private people Growth rate in peace and harmony by investment. GSDP maximising self-governance and . Creating a centre for trade and increased people participation. Promoting commerce by improving relations Governance with neighbouring countries. investments Vision 2020 . Encouraging the cultivation of . Developing agro-processing and Agriculture Industry HYV crops through better use sericulture industries. of organic manure, fertilisers . Increasing investment in and pesticides. manufacturing units depending upon . Preventing soil erosion by Infrastructure Tourism the availability of resources in the controlling floods. region. Promoting cultivation of horticulture crops. Facilitating easy movement of . Focussing and developing goods and people by investing in services that would promote road, rail, inland water and air tourism and create employment transportation. opportunities. Generating more power for supply . Improving the security scenario to neighbours. for safety of tourists. Note: HYV- High Yielding Variety Source: NER Vision 2020 6 TRIPURA For updated information, please visit www.ibef.org TRIPURA FACT FILE . Main rivers flowing through Tripura are Gomati, Manu, Khowai, Feni, Doloi, Muhuri and Haora. The prominent hill ranges of the state are Jampui, Sakhantang, Longtharai, Atharamura, Baramura, Deotamura, Belkum and Kalajhari. Parameters Tripura Capital Agartala Geographical area (lakh sq. km) 10,491 Source: Wikimedia Commons Administrative districts (No) 8 . Tripura is bounded on the north, west, south and southeast by Bangladesh; whereas in the east, the state has a common boundary Population density (persons per sq. km) 350 with Assam and Mizoram. Bengali and Kokborok/Tripuri are the official languages of the state. Total population (million) 3.7 The medium of instruction in schools is either Bengali or English. Male population (million) 1.9 . Tripura has eight administrative districts: Dhalai, Gomati, Khowai, North Tripura, Sepahijala, South Tripura, Unnakoti and West Tripura. Female population (million) 1.8 Agartala is the capital of Tripura and the state’s largest city. Key towns in the state are Kailashahar, Udaipur, Khumulwng, Kamalpur, Sex ratio (females per 1,000 males) 947 Ambassa, Khowai and Sabroom. Literacy rate (%) 96.8* Source: Government of Tripura website, Census 2011; *As of 08.09.2014 7 TRIPURA For updated information, please visit www.ibef.org TRIPURA IN FIGURES … (1/2) Parameter Tripura All states Source Economy 2015-16 2015-16 Advanced Estimates provided by Directorate of GSDP as a percentage of all states’ GSDP 0.22 100.0 Economics and Statistics of Tripura Advanced Estimates provided by Directorate of GSDP growth rate (%) 12.73 8.71 Economics and Statistics of Tripura Advanced Estimates provided by Directorate of Per capita GSDP (US$) 1,406.7 1546 Economics and Statistics of Tripura Physical Infrastructure Installed power capacity (MW) 727.24 331,117.58 Central Electricity Authority, as of October 2017 Telecom Regulatory Authority of India, as of Wireless subscribers (No) 12,903,1291 1,183,040,925 September 2017 Telecom Regulatory Authority of India, as of Internet subscribers (No) 6,300,0001 431,210,000 June 2017 NHAI, Roads and Building Department- National highway length (km) 854 115,435 Government of India Airports (No) 01 125 Airports Authority of India Note: 1Combined figures for the Northeast states comprising Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland and Tripura, 8 TRIPURA For updated information, please visit www.ibef.org TRIPURA IN FIGURES … (2/2) Parameter Tripura All states Source Social Indicators Literacy rate (%) *96.8 73.0 Census, 2011 Birth rate (per 1,000 population) 21.4 21.6 SRS Bulletin Investment 1 Department of Industrial Policy & Promotion, April FDI equity inflows (US$ billion) 0.1 357.47 2000 to September 2017 Note: 1FDI data for the Guwahati-region includes Assam, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland and Tripura; *As of 08.09.2014 9 TRIPURA For updated information, please visit www.ibef.org ECONOMIC SNAPSHOT – GSDP GSDP of Tripura at current prices (in US$ billion) GSDP per capita of Tripura at current prices (in US$) 6 1,600 CAGR 9.02% CAGR 8.84% 1,400 5 5.2 5.2 1,200 1,407 4 4.55 1,000 4.48 4.39 1,229 1,193 1,156 3 3.92 800 1,088 913 3.25 843 837 600 2.94 2 2.93 704 657 2.42 400 593 2.23 1 200 0 - 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16