Agartala, Feb 25 : Confederation of Indian Industry (CII) strongly advocated for investment in Tripura rubber sector considering the strategic location of the state with upcoming linkage with Chittagong port of Bangladesh, which would make the state as gateway to South East Asia market.
Speaking at the Tripura Rubber Convention here today, Senior Director and Head of Development Initiatives, CII, Indrani Kar said that the business opportunities for setting up rubber processing units in Tripura had bright future because of recent bilateral agreements between India and other neighbouring countries.
''The convention focused on making rubber industry a catalyst in improving the socio-economic set up of the down-trodden grower and business communities that enabling investors to consider Tripura as an important destination and access to intermediary and cost effective processing technologies,'' Ms Kar underlined.
In view of the area under plantation together with the growth positional and rubber production trend, Tripura had become as second rubber capital of the country and the development of Rubber Park near Agartala had also boost the value addition of natural rubber at highest degree, Mr Kar pointed out.
She, however, asserted that CII was already in the process to tap export market of Bangladesh, Myanmar and other South Asian countries for Tripura rubber and there were ample opportunities of foreign investment in rubber sector, as Tripura has various subsidies on investment including cent percent excise duty exemption.
(Source: http://www.newkerala.com/news/world/fullnews-155346.html)
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