Tripura
- Investment and
Industrial Policies
Tripura being a land-locked state with
a pre-dominantly oversaturated agricultural economy, lags
far behind other developed States so far as overall growth
is concerned. The economy suffers from serious stagnation
syndrome because the hopes and aspirations raised by sustained
efforts in the social services sectors could not be matched
up with appropriate opportunity generation in the productive
sector. It will be, therefore, our earnest endeavour to
open up employment opportunities for the vast number of
unemployed people, both in the rural and urabn sectors through
viable means of production, keeping in view our traditional
heritage, the plan framework of the State Government. In
short, the State Industrial Policy aims at providing direction
and strategy for rapid and systematic industrialisation
particularly with a view to generate economic growth and
productive employment in the non-farm sector through optimum
utilisation of local resources, manpower, talents and skills
with appropriate technical and financial assistance. The
whole idea is to overcome the stumbling limitations of a
stagnating economy and usher into a new era of industrial
culture.
The Strategy
In view of
large potential to provide employment at low investment
and also considering the availability of raw materials,
the small scale sector will continue to get maximum focus
and attention. However, the opportunities thrown open by
the huge finding of natural gas in the State will be taken
full advantage of, in order to achieve a meaningful breakthrough
in the industrial sector. Natural gas-based medium and large
units and a number of ancillary and auxiliary units will
also be promoted. While all efforts will be made to promote
entrepreneurship within the State, for medium and large
scale units, outside investors in the public and private
sectors will certainly be encouraged both for their financial
capabilities and technical expertise. The efforts of the
Government will be to create an intergrated and comprehensive
base for industrialisation through proper linkage between
medium, large and small scale units. The State owned public
sector corporations will be re-organised in such a way that
they can play a meaningful role in providing forward and
backward linkage to the small and ancillary sectors. The
Government will participate in the equity share of large
and medium industries as much as the Government resources
permit. But the maximum financial involvement will be in
the assisted small scale sector in order to ensure maximum
benefit to the maximum number of people. The Government
will lay due emphasis on further development of the industrial
infrastructure by way of augmentation of power, water supply,
development of roads and bridges, improvement of technical
and financial services including setting up of a Data Bank
to provide adequate information for taking up new and viable
industrial projects. Rules and regulations for industrial
registration and financial assistance will be further simplified
in order to achieve speedier implementation of projects.
High Power Committee
To achieve
this objective, the Government will take steps to strengthen
the manpower and financial base of the network of primary
developmental and service institutions. The Government has
set up a High Power Committee with various functions and
responsibilities which play a big role in the promotion,
execution and working of industrial projects. It will be
the primary responsibility of this High Power Committee
to co-ordinate efforts and monitor the implementation of
the State Industrial Policy and to provide guidance in inter-departmental
issues involving major policy decisions.
Information Technology Policy
Objectives
of this Policy
The IT Policy
has three broad missions:
1. Development of
human resource for IT through adoption of IT education in
educational institutions of Tripura.
2. Promotion of
electronic governance for
- Efficient
and effective delivery of government services
- Improved
revenue collections
- Improving
financial management
- Better dissemination
of information on government functions, through setting
up of IFCs and hosting of websites.
3. Positioning
the state as an attractive location for investment by global
and national companies through attractive packages. This
will be with an objective to create employment potential
in the state in IT industries.
It would be the objective of the government to limit its
role in the development of IT industry as a facilitator
- providing infrastructural support, interfacing with related
institutions within India and outside and providing necessary
incentives / concessions to encourage private initiative
in the IT sector.
Industrial Policy of Tripura
Small Scale
Industries
In conformity
with the new National Policy of revitalisation of the rural
economy, the Government will place highest importance on
the development of small scale, village and traditional
industries considering the fact that more than 80 per cent
of our population live in villages and our traditional industries
are rural oriented. In this sector, the Government will
function both as promoter and protector. The Government
will provide all techno-economic assistance right from indentification
of the project to its implementation. It will also promote
ancillary units so that items to be used in bigger industries
could be produced here itself and the by-products may be
used in auxiliary or tiny units. Entrepreneurship development
programme will be pursued vigorously and trained entrepreneurs
will be given priority in setting up industries in the State.
The Government will also arrange necessary testing facilities
in order to ensure strict quality control. Proper marketing
support will also be extended by ensuring price preference
and other benefits in Government purchases.
