Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

Tripura set to emerge as connectivity hub Read more at.


Date: 15-04-2022
Subject: Tripura set to emerge as connectivity hub Read more at
The tiny state of Tripura is slowly turning into a connectivity hub with several projects, which had long been in gestation, finally getting off the ground, state transport minister Pranajit Sinha Roy said.


Most of these projects, running through neighbouring Bangladesh, would reduce the time taken to send or receive goods from mainland India and help Tripura emerge as the country's prime export centre, he said


"Tripura, a landlocked state, was connected (with the rest of the country) by only a meter gauge rail line up to the capital city for a long time. The scenario started changing after the NDA, led by Narendra Modi, came to power in 2014. The entire rail network was converted to a broad gauge one and extended up to Sabroom, the southernmost town bordering Chittagong in Bangladesh," Roy told PTI.
The minister also pointed out that 'Maitri Setu', a 1.9 km-long bridge from Tripura to Bangladesh, has "further strengthened ties" between the neighbours.


The bridge over river Feni, inaugurated by the prime minister last year, will ease movement of goods and passengers between the two countries, besides providing new trade opportunities to the northeastern states, Roy stated.


Tripura CM Biplab Deb had recently said that the Centre sanctioned funds to widen the part of the bridge from Ramgarh to Chittagong on the Bangladesh side.


Once the road is made operational, a lorry will have travel only 72 km to reach Chittagong from Sabroom, Roy maintained.


Apart from that, work is underway to complete the 15.6 km Agartala-Akhaura rail line.


"The railway link, expected to be completed next year, will cut down travel time between Agartala and Kolkata by at least 20 hours, when travelling via chicken-neck in Siliguri. Currently, an integrated check post and cargo handling facility is being built at Nischintapur - the junction point of Agartala-Akhaura rail link," the transport minister said.


At a function held recently, Bangladesh Information and Broadcasting Minister Dr Hasan Mahmud said that "eastern India and Bangladesh will benefit due to better understanding as the bilateral relationship between the two sides has reached new heights".


Experts feel that Tripura's first-ever Special Economic Zone (SEZ) at Sabroom, the southernmost town bordering Bangladesh, has the potential to turn the place into the commercial capital of northeast.


The SEZ - around 120 km from Agartala - is being set up with an investment of Rs 635 crore.


It would be focused on four sectors -- agro-based processing, rubber, bamboo, and textiles.


According to an official, around 5,000 new jobs would be generated at Sabroom, and farmers and traders would be benefiting the most, given the fact that GST would be waived for five years, 30 per cent subsidy be made available on capital investment and 50 per cent on electricity.


The CM had said that "if businessmen set up garment units at the proposed SEZ, they don't need to pay customs duty; instead they will receive a subsidy".


Former vice-chancellor of Tripura University and senior economist Arunoday Saha said, "The SEZ would generate employment at the local level. Investors from Bangladesh have expressed interest in setting up garment industries. They would engage labourers from their country as well as this state."


Echoing him, professor Asish Nath of Tripura University said, "The project would impress investors, enhance trade volume and increase GSDP."


Among other projects lined up in the state is the 90-km-long Sonamura-Daudkandi waterway, which has been included in the list of Indo-Bangla protocol (IBP) routes and is expected to boost trade.


Presently, ships and steamers ply from Haldia in West Bengal to Daudkandi.


Of the 90-km stretch from Sonamura in Tripura's Sepahijala district to Daudkandi in Bangladesh, around 40-km river bed requires dredging.


The Union government has agreed to fund 80 per cent of the total cost for dredging work in river Meghna on the Bangladesh side to operationalise the Indo-Bangla waterway.


The Centre has also sanctioned Rs 25 crore to build 10 floating jetties -- to be laid from Udaipur in Gomati district to Sonamura in Sepahijala district -- for trade convenience with Bangladesh.

Source Name:Economics Times

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 23-11-2022
NOTIFICATIONNo. 23/2022 – Central Tax
Seeks to empower the Competition Commission of India to handle anti-profiteering cases under CGST Act, 2017 with effect from 01.12.2022.

Date: 23-11-2022
NOTIFICATION No. 24/2022 – Central Tax
Seeks to make fourth amendment (2022) to CGST Rules with effect from 01.12.2022.

Date: 18-11-2022
Notification No. 58/2022-Customs
Seeks to amend Notification No. 27/2011- Customs, dated the 1st March, 2011 in order to withdrawal export duty on iron ore & steel products.

Date: 18-11-2022
Notification No. 59/2022-Customs
Seeks to amend Notification No. 50/2017-Customs, dated the 30th June, 2017 in order to withdrawal BCD exemption on Anthracite and PCI Coal, Coke & Semi coke and ferronickel.

Date: 18-11-2022
Notification No. 60/2022-Customs
Seeks to amend Notification 11/2021-Customs, dated the 1st February, 2021 in order to withdrawal AIDC exemption on Anthracite ,PCI Coal and Coking Coal.

Date: 17-11-2022
Notification No. 97 /2022 - Customs (N.T.)
Seeks to giv exemption from BCD for the motor car if imported by the Governor of the state .

Date: 17-11-2022
Notification No. 57/2022-Customs
Seeks to giv exemption from BCD for the motor car if imported by the Governor of the state .

Date: 16-11-2022
Notification No. 38/2022-Central Excise
Seeks to amend No. 18/2022-Central Excise, dated the 19th July, 2022 to increase the Special Additional Excise Duty on production of Petroleum Crude.

Date: 16-11-2022
Notification No. 39/2022-Central Excise
Seeks to further amend No. 04/2022-Central Excise, dated the 30th June, 2022 , to reduce the Special Additional Excise Duty on Diesel.

Date: 15-11-2022
NOTIFICATION No. 22/2022 – Central Tax
Seeks to make amendments (Third Amendment, 2022) to the CGST Rules, 2017.



Exim Guru Copyright © 1999-2022 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001