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Bangladesh investors to set up garment units in Tripura

Tripura has welcomed the proposal of Bangladeshi investors to set up garment industries in the state. People who want to set up garment units will be given plots in an industrial growth centre. Tripura has a power surplus and a gas surplus. It will be the second power surplus state in India within the next three or four months after Sikkim, once full generation starts from the Palatana and the Monarchak gas-based power plants.

A number of Indo-Bangladesh projects are currently in the pipeline, especially in Tripura. Business between the two sides is rapidly increasingly, especially through the northeast region. There is a problem in transferring funds from Bangladesh to India but the Bank of Bangladesh has given an assurance to allow investment on a case to case basis.

Already a lot of exports are being done from Bangladesh to Tripura and there are investments also coming into Tripura. The business community in Bangladesh is upbeat on business ties with Tripura and particularly with the launch of the make in India campaign Tripura is encouraging Bangladeshi investors to invest in northeast India. In turn Bangladesh has announced the creation of special economic zones for Indian investors. 


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