Agartala, May 14:
Tripura’s Gross State Domestic Product (GSDP) has doubled in the last six years, rising from Rs 47,000 crore in 2018 to around Rs 92,000 crore in 2024-25, reflecting the impact of sustained business reforms and growing private sector participation in the state, Industries and Health Secretary Kiran Gitte said on Thursday.
Addressing a press conference at the State Secretariat, Gitte said Tripura continues to remain the top-performing state in the country in implementing business reforms for the second consecutive year, having completed 28 reform action points, while Jammu and Kashmir, placed second, has completed only seven so far.
He said the state government, under the leadership of Manik Saha, has created a strong pro-investment ecosystem with support from ministers, legislators and government departments.
Gitte said the state had organised business conclaves and roadshows across different cities last year, attracting investment proposals worth nearly Rs 35,000 crore through 94 Memorandums of Understanding (MoUs). Of these, projects worth around Rs 5,300 crore have already been grounded, with land allotted and over 30 per cent work completed in several cases.
He said the scale of proposed private investment is significant compared to the state government’s annual budget of around Rs 34,000 crore and annual capital expenditure of nearly Rs 10,000 crore.
Highlighting growth in the health and education sectors, Gitte said Tripura now has three medical colleges and approvals have been granted for another 50-seat medical college at Kulei through the Investment Promotion Agency of Tripura. Besides this, 19 private institutions offering pharmacy, nursing and allied vocational healthcare courses have been established in the state.
He also pointed to rapid urban redevelopment and real estate activity in Agartala, along with investments in tourism, industrial infrastructure and education.
To assess the long-term impact of reforms introduced over the last three to four years, Gitte said the government has engaged Indian Institute of Management Calcutta to conduct an impact assessment study, the report of which is expected within the next three months.
The secretary said the state is preparing for another round of business promotion roadshows in July and expects to attract fresh investment proposals worth Rs 30,000 crore to Rs 40,000 crore.
Citing a recent industrial revival example, Gitte said a previously defunct industrial unit under TIDC has now been leased to RB Engineering, associated with the Jindal Group, which has invested Rs 400 crore in setting up a GCI sheet manufacturing plant in Tripura. The plant is expected to cater to the entire Northeast region, replacing earlier dependence on supplies from Odisha.
“Initially, business reforms may appear to be only a paperwork exercise, but the real impact becomes visible on the ground when industries start functioning and investments begin flowing,” Gitte said.
