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Tripura finds investors from UAE, Italy
Published on 13 Sep. 2008 12:19 AM IST
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Investors from the United Arab Emirates (UAE) and Italy will set up infrastructure and industrial projects in Tripura, officials said here Friday. Separate delegations from the UAE and Italy, currently on a visit to the northeastern state, have met the chief minister to finalise some proposed ventures. For instance, TechMate group of Ajman in the UAE is keen to invest in healthcaree and urban amenities, education and information technology sectors. “We will invest over Rs.20 billion for setting up an international medical city, knowledge city and global village in Tripura targeting the market of neighbouring Bangladesh, the northeastern states and other adjoining countries,” said Assanaru Abdul Gafoor, Indian director of the Dubai-based TechMate International Township Investment. A four-member TechMate delegation led by Gafoor arrived here Thursday and met Tripura Chief Minister Manik Sarkar, Industries and Commerce Minister Jitendra Chowdhury and senior officials. The proposed projects are due to be commissioned early next year. “The Tripura government’s positive response, and easy market access and conducive investment environment were reasons for us to decide for the investment,” Gafoor added. TechMate group has also shown interest in tourism and setting up joint venture gas-based projects. A separate delegation from Italy led by the Italian consul general Bruno Campria also held a series of meetings Thursday with the chief minister, the industry minister and local industrialists to finalise plans for setting up industrial units. “We are expecting Italian collaboration and investment in the bamboo, rubber, eco-tourism and agro-based sectors,” said Industry Minister Chowdhury. “The Tripura government has always welcomed any investment, which would fulfil the state’s demand for employment generation, resource mobilisation and infrastructure development,” Chowdhury told reportes. He said both the UAE and Italian delegations were impressed with the untapped resources and investment climate in Tripura.

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