By Firstdespatch Desk May 15, 2026
Agartala, May 15 (FD) Tripura is gearing up to host a mega business conclave in July as the state government seeks to capitalise on growing investor interest and a steady increase in industrial proposals.
Officials said that since 2022, the state has signed 394 Memoranda of Understanding (MoUs) involving investments worth Rs 35,140 crore, while projects valued at Rs 5,352 crore have already been grounded. The proposed conclave is expected to bring together industrialists, investors and business leaders from across the country.
Addressing a press conference on Thursday, Industries and Commerce Secretary Kiran Gitte said Tripura has emerged as “the first state in the country to complete all priority areas under Deregulation Phase II” of the Centre’s national compliance reduction and deregulation initiative. The reforms are aimed at simplifying approval processes and reducing procedural bottlenecks for industries and service-sector enterprises.
The state government believes that recent policy reforms and infrastructure improvements have significantly strengthened Tripura’s position as an emerging investment destination in the Northeast.
“We have already developed the necessary infrastructure — railway, national highways and air connectivity — required to promote investments and industrial growth,” Gitte said. He added that the creation of an “investment-friendly atmosphere” has contributed to the rising business interest in the state.
Officials stated that the Industries and Commerce Department has been organising roadshows in major cities across the country to highlight Tripura’s industrial potential and attract companies seeking to expand operations in the Northeast region.
Based on feedback from industrial stakeholders and prospective investors, the government expects the upcoming conclave to generate fresh investment proposals worth nearly Rs 40,000 crore.
“The government is investing Rs 10,000 crore in physical infrastructure, and if we are able to attract an equal amount through private investment, the state’s GDP growth could rise from 12 per cent to 16 per cent,” Gitte said.
The state is also focusing on attracting information technology companies by promoting Tripura as a business-friendly destination supported by improved connectivity and regulatory reforms.
On the long-pending operationalisation of the Maitri Setu bridge connecting Sabroom in Tripura with Ramgarh in Bangladesh, Gitte said the state government has already written to the Centre requesting its early opening. He expressed hope that the bridge would become operational shortly, which is expected to boost trade and regional connectivity. FD JK