Tag: First SEZ in Tripura

First SEZ in Tripura to focus on agro-based food processing

The Government of India approved the first SEZ (Special Economic Zone) at Sabroom, Tripurain October 2019. Recently, it was announced that the SEZ will primarily focus on agro-based food processing. Union Government is expected to invest around Rs 1550 crore in the project. Highlights The SEZ is to be developed by the Tripura Industrial Development Corporation. The SEZ will focus on rubber based industries like threads, tyres, bamboo industries, textile and apparel industries and agri-food processing industries. According to SEZ rules minimum of 25 hectares of land is required to set up a new SEZ in the North Eastern States. Significance The SEZ is expected to generate 12,000 skilled jobs. The zone will attract more private investments as its location is nearer to Chittagong Port. Also, the access to the zone will increase after the construction of bridge across Feni River in South Tripura.