Tripura to host a two-day investment summit on December 9th.

Tripura: Despite the COVID-19-induced slowdown, Tripura Industries Development Corporation Chairman Tinku Roy said on Tuesday that the state received Rs 122 crore in investment in the previous financial year.

"Due to the location's industry friendliness, this investment was made solely in the Bodhjungnagar industrial sector. Apart from that, small scale units are being established on an individual basis, with the help of government schemes such as the PMEGP and Swabalamban ", stated the chairman.

Roy backed up his claim by saying, "Factory owners choose to locate their businesses in the Bodhjungnagar industrial region because of the low cost of gasoline. The entire industrial area runs on PNG, with a total quota of 16,000 units set for the area." "Previously, total consumption was at 5,000 to 6,000 units, but it has already grown to 18,000 to 20,000 units. During peak periods, total consumption can reach 24,000 to 25,000 units. As a result, it demonstrates that the number of units in the industrial sector is expanding "he stated

According to Roy, there has also been a significant increase in investment volume. "We used to export goods worth less than Rs 3 to 4 crore, but now we export things for more than Rs 20 to 22 crore. This shows that our production capacity is fast increasing "He went on to say,

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