By Agartala Correspondent | Tripura 24.in
AGARTALA | May 14, 2026
AGARTALA: In a major announcement highlighting the state’s economic transformation, Shri Kiran Gitte (IAS), Secretary of Industry & Commerce, held a press conference today at the Civil Secretariat. The briefing focused on Tripura’s record-breaking performance in business reforms and its ambitious goal to attract private investment equivalent to the total state budget.
Secretary Gitte revealed that Tripura has officially become the first state in India to complete all 51 priority areas under Deregulation Phase-I and Phase-II, as identified by the National Compliance Reduction and Deregulation initiative.
A Milestone in Ease of Doing Business (EoDB)
Tripura’s success in streamlining regulatory frameworks has placed it at the forefront of the country’s business reform map.
Key Achievements Highlighted:
- National Leader: Tripura completed all 28 identified sectors under Deregulation Phase-II ahead of the deadline, outperforming every other state.
- Single-Window Success: The introduction of the “Swagat” portal (Single Window Online Portal) has simplified approvals and licensing for various sectors including Education, Healthcare, and Hospitality.
- Grounding Investments: So far, Tripura has signed 394 MoUs worth ₹35,140 crore. Out of these, projects valued at ₹5,352 crore have already been “grounded” (meaning land allotment is complete and work has started).
Ambitious Target: ₹34,000 Crore Investment
With the state’s annual budget standing at approximately ₹34,000 crore, Secretary Gitte expressed confidence that Tripura could soon see private investment inflow matching this figure.
”The reforms we have introduced are bearing fruit. If we maintain this momentum for another year, attracting private investment equal to the size of the state’s total budget will become a reality. We have successfully removed procedural bottlenecks that previously discouraged investors,” Kiran Gitte told the press.
Future Outlook: Mega Business Conclave in July
Following the success of previous roadshows in Bengaluru and New Delhi, the Secretary announced that the state is gearing up for another massive Investment Summit in July 2026.
- Target: The government aims to secure fresh proposals worth ₹30,000 crore to ₹40,000 crore during this summit.
- Sectoral Focus: Priorities include IT & Digital Services, Healthcare (19 new pharmacy and nursing colleges are already in progress), and Agri-based manufacturing.
- Infrastructure Advantage: Gitte emphasized that with improved railway, highway, and airway connectivity now in place, Tripura is “investment-ready” for global and national players.
Industrial Policy Shifts
The Secretary also touched upon specific policy reforms, such as the Tripura Industries Development Corporation (TIDC) bringing in land leasing flexibility. This has already seen results, such as the Jindal Group investing ₹400 crore to cater to the GCI sheet demand for the entire Northeast from their Tripura-based unit.
The press meet concluded with a positive outlook for the state’s GDP, which is currently among the fastest-growing in the Northeast, fueled by this strategic push for private-sector participation.
