Agartala: More than 250 memoranda of understanding (MoUs), involving proposed investments of over Rs 1 lakh crore, are being signed at the Destination Tripura Business Conclave 2026, which is being attended by more than 700 delegates, Tripura Chief Minister Manik Saha said on Thursday.
Addressing the inaugural session of the conclave at the International Fair Ground in Agartala, Saha said the state was confident that most of the investment proposals would translate into projects.
“More than 700 delegates are participating, and more than 250 MoUs are being inked with an investment intent of more than Rs 1 lakh crore. With the proactive support of Team Tripura, we are highly confident that most of these MoUs will be converted into projects on the ground in the near future,” he said.
The conclave was attended virtually by Union Commerce and Industry Minister Piyush Goyal, while Union DoNER Minister Jyotiraditya Scindia participated in the inaugural session.
Saha said Tripura was among the country’s fastest-growing states and had doubled its Gross State Domestic Product (GSDP) over the past six years.
He said investments by the Centre and the state government in highways, railways, airports, internet connectivity, waterways and banking infrastructure had strengthened the state’s investment ecosystem.
The Chief Minister said Tripura’s natural resources, including natural gas, rubber plantations, GI-tagged Queen Pineapple, agarwood, bamboo and horticultural produce, offered significant opportunities for private investment.
He said the state had undertaken policy reforms in land, urban planning, industry, health, education and tourism, while simplifying land-use procedures and introducing a single-window clearance system and risk-based inspections for businesses.
According to Saha, Tripura secured the top rank among states and Union Territories in Deregulation and Compliance Reduction Phases I and II.
He said investment proposals worth more than Rs 30,000 crore were received last year, of which projects worth over Rs 8,000 crore had already been grounded.
Speaking about sector-specific opportunities, Saha said the state was promoting investments in rubber-based industries, bamboo value chains, agar processing, food processing, fisheries, logistics, healthcare, pharmaceuticals, biotechnology and information technology.
He said Tripura’s 856-km border with Bangladesh, along with the Agartala-Akhaura rail link, Maitri Setu, inland water transport connectivity and airport expansion, would strengthen the state’s logistics network and improve access to regional markets.
Cabinet ministers, senior government officials, ambassadors and high commissioners from nine countries, industrialists and investors attended the event.