Located on a 50 Acres Plot in the Bodhungnagar Growth Center, Tripura Industrial Rubber Park is the second of its kind after the Rubber Park in Irapuram, Kerala.
Why Invest in Tripura?
- Availability of high quality natural rubber
- Integrated Supply Chain
- Connectivity to major cities
- Skilled Workforce, R&D
- Two Land Custom stations facilitating export to Bangladesh
- Broadband and Internet
- Presence of major mobile operators
- Well developed primary infrastructure
With the abundance of suitable land for rubber cultivation coupled with cheap labour, various state and central incentives, the rubber industry in Tripura is set to grow
manifold. The potential for rubber cultivation in the state is 100,000 Hectares in the coming years.
The major goal of the Park is value addition of natural rubber produced within the state leading to socio-economic development of Tripura. This is also to tap the export potential to Bangladesh, Myanmar, Philippines, Vietnam and other South Asian countries.
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Tripura is the Second largest rubber growing state next to Kerala.
Presently area under plantation is 35,760 hectares yielding @ 1500 Kg per hectare. The present production is 20,000 MT, expected to increase to 25,000 MT over the next 5 years.
State Package of Incentives:
- - Capital Investment Subsidy @ 30% subject to a ceiling of Rs.30 lakhs.
- - Additional Capital Investment Subsidy @ 5% to Thrust Sectors/Exports Oriented Units etc.
- - Tripura Sales Tax Reimbursement for a period of 5 years from the date of set up.
- - Price Preference @ 10% on Purchase by the Government.
- - Interest Payments Reimbursement @ 4%.
- - Standard Certification Charge Reimbursement up to Rs.50,000 per unit.
Central Package of Incentives
- - Central Transport Subsidy @ 90% of transport costs of Raw materials/Finshed Goods calculated between siliguri and factory site and @ 50% of transport costs of finished goods movement within the region.
- - Interest Subsidy of 3% on working capital loans.
- - Comprehensive Insurance Scheme for new industrial units set up after 24-12-97 for 10 years.The risk coverage includes fire, lighting storm, landslides, cyclones, riots, strikes, malicius/terrorist damages.
- - Announced additional incentives included income tax exemption for 10 years for new industrial units located in growth Centers/Industrial Estate.
Read more at TIDC Website..
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