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Tripura
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General Information
 
Capital Agartala
Area 10.492 Sq.Km
Population (Census 2001) 3199203
Principal Languages Bengali and Kakborak
Literacy Rate (2001) 73.2%
Major Minerals Glass Sand, Clay, Lignite, Limestone,
Major Crops Pineapples and jackfruits, Mandarin oranges, mango, cashewnut, litchi, lemon / lime, banana, guava, arecanut, coconut, Cashew, tea and jute etc
 
Incentives
 
State Government
 
  • Capital Investment Subsidy to eligible industrial units @ 30% of fixed capital investment. Additional subsidy is also provided in certain cases. However, total subsidy in a particular case would be subject to a ceiling of Rs.25 lakhs.
  • Exemption from payment of Sales Tax for a period of 5 years from the date of commencement of commercial production.
  • 15% Price Preference to industrial units, on purchases made by State Government Departments/ Agencies.
 
Central Government ( Existing )
 
  • Central Transport Subsidy @ 90% of transport cost of raw material brought from outside the North-eastern region as well as the finished goods sent from the North-eastern region to other parts of the country. The transport cost between Siliguri (the entry point to the North-east) and the factory site only is considered for subsidy calculations. In addition, subsidy is also available @ 90% of transport cost on movement of raw materials and @ 50% of transport cost on movement of finished goods from one state to another within the North-eastern region.
  • Income Tax Exemption for 5 years for the new industrial units set up in the North-eastern region. 
Additional Incentives under the New Industrial Policy announced by the GOI for the North-eastern Region:
  • Growth Centres & IIDCs to be converted into total tax free zones for next 10 years. All industrial activity in these zones would be free from income tax, excise, for a period of 10 years from the commencement of production. Similar benefits would also be extended to new industrial units or their substantial expansion in other Growth Centres or IIDCs of industrial estates/ parks/ export promotion zones set up by the states. Similar benefits will also be provided to units located outside the specified locations, if they belong to the specified industries listed in Annex A of the GOI circular.
  • Capital Investment Subsidy (CIS) @ 15% of investment in plant and machinery, subject to a maximum ceiling of Rs 30 lakhs would by given. Eligibility conditions will be same as in case of tax benefits.
  • Transport Subsidy Scheme will be extended for a period of another 7 years i.e. upto 31st March 2007, on same terms & conditions, as are applicable now.
  • Interest Subsidy of 3% on working capital loans would be provided for a period of 10 years. Eligibility conditions will be same as in case of tax benefit.
  • A comprehensive insurance scheme for industrial units to be designed, in consultation with GIC and 100% premium to be borne by GOI for 10 years.
 
State Identified Thrust Sectors Top
 
  • Natural Gas
  • Fruit Processing
  • Rubber
  • Tea
  • Handicraft
  • Handloom
  • Tourism as an Industry
 
For Further Information, Please Contact :-
 
Name of the Organisation Telephone Fax
Commissioner to the Government of Tripura,
Industries & Commerce Department, Civil Secretariat,
Agartala – 799001, Tripura

91-0381-302823


No
Director, Industries & Commerce,
Government of Tripura,
Gorkha basti Office Complex, PO: Kunjaban, Agartala – 799006, Tripura
91-0381-223826 91-0381-224432
Managing Director,
Tripura Industrial Development Corporation Ltd.,
Gorkha basti Office Complex, PO : Kunjaban,
Agartala – 799006, Tripura

91-0381-220342
No
 
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