Tripura to be first State to have Strategic Partnership with Asian Development Bank

Tripura to be first State to have Strategic Partnership with Asian Development Bank

Tripura is set to become first State of India to sign Strategic Partnership with the Asian Development Bank to realise overall social economic and infrastructure development. Ministry of Finance, Government of India has recently given green signal for such strategic partnership.

ADB is presently working in the Urban Development, Power, Tourism, Industries sectors of the State. It has given substantial financial assistance in Agartala Smart City, Power Generation and Distribution sectors of the State.

ADB is helping the State Government to develop 7 district headquarters other than Agartala. In fact, Tripura was also first North Eastern State to avail Project Readiness Finance PRF facility of ADB to prepare project proposals for major investments.

Under the proposed Strategic Partnership initiative, team of ADB shall visit the State in September 2021 to hold high level meetings with the senior officers. They will prepare short term, medium term and long term investment proposals within a period of one year.

Comprehensive report on overall socio economic and infrastructure development shall be submitted to the State Government with shelf of projects in every sector. This will help in achieving transformational development to fulfil aspirations of the people of Tripura.

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