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ADB Approved Loan of ₹975 Cr For Industrial Areas Of Tripura For Infrastructure Development

  • By Thetripurapost Desk, Agartala
  • Jul 23, 2025
  • 576

The Asian Development Bank (ADB) has approved a loan of Rs 975.26 crore for building infrastructure in nine industrial areas of Tripura. Tripura Industrial Development Corporation (TIDC) chairman Nabadal Banik said industrial sheds, power substations, underground power lines, fire service stations and 34 roads will be constructed under the project.

"ADB has approved a loan of Rs 975.26 crore for creation of world-class infrastructure for development in nine industrial areas of Tripura. Its implementation is underway," he told PTI, adding that Bodhjungnagar, RK Nagar, Dukli and AN Nagar industrial areas are among the nine areas.

Banik said the state government has handed over plots for setting up industrial areas at Santirbazar (127 acres) in South Tripura and Phatikroy (28 acres) in Unakoti district. "TIDC has started demarcation work for building infrastructure in the two new areas. We are ensuring that no land allotted for industries remains unused for long," he said.

According to him, TIDC has retrieved 28 acres of land from 24 defunct industrial units as new entrepreneurs are coming in to set up industries in the northeastern state. Banik said the corporation has taken a new initiative to promote the plywood industry. He said at present two plywood manufacturing units are operational in the state and seven more units are planned to be set up.

According to him, TIDC has retrieved 28 acres of land from 24 defunct industrial units as new entrepreneurs are coming in to set up industries in the northeastern state. Banik said the corporation has taken a new initiative to promote the plywood industry. He said at present two plywood manufacturing units are operational in the state and seven more units are planned to be set up.

"Tripura has rubber plantations on 1,10,000 hectares and out of this, about 10,000 hectares is old. We have taken an initiative to promote rubber-wood based plywood. If these projects come to fruition, Tripura will be one of the leading states in plywood manufacturing," he said. Growth rubber plantations refer to trees that are considered old and unproductive.