Tripura govt launches new industrial investment promotion scheme
Highlights:
- To boost the investment and the industries, the Tripura government launched the "Tripura Industrial Investment Promotion Incentive Scheme (TIIPIS), 2022" for the next 5 years, and increased the transport subsidy from 10 per cent to 50 per cent.
- Under this scheme, various subsidies would be provided to companies and Self Help Groups for setting up industries in the state.
- The newly approved TIIPIS-2022 would encourage the entrepreneurs to set up their industrial units based on the local raw materials like rubber, bamboo, agriculture and horticultural produce, gas, tea, Agar oil extraction, rubber wood processing and some demand based service and manufacturing sector activities related to tourism promoting activities like, water-sports, ropeways, floating, restaurants and hospital and nursing home, processing of plastic waste and e-waste, municipal waste.
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