Piyush Goyal addresses the ‘Destination Tripura – Investment Summit’

The Minister for Commerce & Industry, Textiles, Consumer Affairs and Food & Public Distribution, Shri Piyush Goyal has said the North-East can emerge as a hub for rubber production. Shri Goyal said the Central Government has planned rubber plantations on a total of 2 lakh hectares in the NE states over 5 years. Addressing the ‘Destination Tripura – Investment Summit’ through video conferencing today, he said Tripura is the second largest producer of rubber in the country with 30,000 ha cultivation. The Minister called upon the State Government to be the first off the block and take advantage as the early harvester to expand rubber plantations in the state.

Four major tyre companies represented by Automotive Tyre Manufacturers Association (ATMA) have together undertaken to contribute Rs.1,000 crores for rubber plantation development in 200,000 hectare land in the Seven states of North East India, over a period of five years. A Memorandum of Understanding was signed between Rubber Board and ATMA on 1 March 2021. Participating tyre companies together transferred Rs 12 crores to the account set up by Rubber Board on 20 May 2021. Funds provided by the tyre companies are being used for procuring planting materials for commencing planting in 2021.

Observing that Bamboo cultivation is another major resource in the NER, Shri Goyal said Tripura is home to the largest bamboo flooring unit. “Tripura has the potential to emerge as the country’s hub of Agarbatti Industry and make India Aatmanirbhar in Bamboo, often called as Green Gold, Industry.”

Referring to the Prime Minister Shri Narendra Modi’s clarion call of ‘Transforming North-East into ‘अष्ट लक्ष्मी’ (Ashth Lakhsmi) of India, the Minister said that the PM has accorded priority to the ‘Focus North-East’ programme and the ‘Make in India’ programme has been implemented here as the ‘Make in North-East’ programme. “A dedicated Northeast Desk of Invest India has been set up, improved infrastructure and promoted industry.”

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