Saha: ADB to lend $85.4m to boost industrial infra in Tripura

Agartala: The Asian Development Bank (ADB) has agreed to lend $85.4 million to strengthen Tripura's industrial infrastructure, chief minister Manik Saha said here.The fund is being utilised to upgrade power, roads, plug-and-play infrastructure, warehousing facilities, and other related facilities, he said while addressing delegates at a stakeholder consultation under the initiative of the high-level task force on investment promotion in the northeast."We have agreed upon a six-month action plan to formulate a comprehensive roadmap for investment promotion in the region. Work has already begun to devise both long-term and short-term strategies to attract investment across various promising sectors. With investment promotion agencies now active in almost all states, policy decisions related to investments are expected to be more efficient and streamlined," Saha said.In the recently held Rising Northeast Investor Summit in Delhi, Saha said 64 MoUs worth Rs 15,823 crore were signed for Tripura. Before this, Tripura had signed 184 MoUs with an investment potential exceeding Rs 15,000 crore through roadshows, investment summits and business conclaves.