CM says the agar trade will help Tripuria’s economy

CM says the agar trade will help Tripuria's economy

Biplab Kumar Deb, the Chief Minister of Tripura, stated on Monday that agarwood-based trade will strengthen the state’s economy and generate Rs 2,000-3000 crore in revenue over the next three to four years. He said a business group from Loas has come to investigate the potential of establishing agar-based enterprises in the state. According to a study, the northeastern state possesses 70 lakh agar trees, and the government intends to commercialize the resource because it is in high demand internationally. “Our chief secretary and principal chief conservator of forests (PCCF) recently traveled to Laos and Vietnam to learn more about the agar-based enterprises there. ‘Today, a team from Laos arrived here to investigate the viability of establishing such industries,’ he said during a commemorative event.

Earlier, a huge quantity of agarwood was smuggled from Tripura as there was no permission for its trade from the state, Deb said. ”I have got permission from Prime Minister Narendra Modi to export 25,000 mt of agarwood. This will go a long way in boosting agar trade in the state. ”It will fetch Rs 2,000-Rs 3,000 crore for the state in the next three to four years,” the chief minister told one of the agar traders, who have come here. “The man, who is originally from Assam, has been staying in Laos permanently to promote agar business there and has an annual business turnover of Rs 5,000 crore. He wants to plant agar trees and set up an agar-based industrial unit in the state”, he said. During the past four years, the state has made ”tremendous progress in infrastructure building”, the CM claimed.

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