TRIPURA

Tripura is the second smallest state in India. It was formally declared a Union Territory on November 1, 1957 and elevated to the status of a full fledged state on January 21, 1972.Tripura is surrounded by Bangladesh on all sides, except for a narrow neck in the north-east, when it borders on Assam and Mizoram.

Land area: 10,486 sq. km
Populaarialtion: 2,757,205
Capital: Agartala
Per Capita Income: Rs 2866

Tea is a major industry. There are 55 registered tea gardens covering an area of 6045hectares and producing 54kg of tea per year. Handloom weaving is the single largest industry and is essentially a tribal household industry. Adesign center on handicrafts is functioning at Agartala and employs over 5000 craftsmen.The sericulture industry is fast developing and promises a bright future.

Incentives:

• 50% subsidy (up to Rs 10,000) on the cost of developing plots in industrial areas
• Rent subsidy on leased land on a tapering scale, 80% to 40%, for the first 3 years
• Capital investment subsidy of 25% (up to Rs 2,500,000) of fixed assets
• 30% power subsidy (up to Rs 10,000 per year) for 3 years
• Transport subsidy for procuring raw materials up to the Siliguri rail-head
• 10% price preference on all government purchases of goods made in the state
• 5-year exemption from sales tax on finished goods for industrial units
• 5-year income tax holiday for new industrial units set up in the Northeast