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Bangladesh wants to invest in Tripura

Bangladeshi garment traders are keen on doing business in northeast India.The Tripura government is ready to provide logistical support to them including land.

Bangladeshi investors see Tripura as an ideal place for doing business and setting up industries as the northeastern state has surplus power and natural gas.

Tripura 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.

The power generation from the first unit (363 mw) of the Rs 9000 crorePalatana power plant began December 2013 and the second unit (363 mw) is expected to start generation by November 2014.

The state-owned North East Electric Power Corporation is setting up a 104 mw power project at Monarchak in western Tripura, 70 km south of Agartala, and just eight km from the India-Bangladesh border. The project is likely to start generation within the next three or four months.

The Indian government is committed to supplying 100 mw of power to Bangladesh from the Palatana power plant. Railway services may be resumed from Agartala to Bangladesh.

Tripura is the key area of the export-import trade with Bangladesh in north-east India. While Bangladesh is facing a huge trade deficit with India in the total trade quantum, it emerges a leader in business with north-eastern states.


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