What is (TIDC), Tripura industrial development corporation ?
TIDC full form is Tripura Industrial Development Corporation and it is an Indian state-owned industrial development corporation that focuses on developing Tripura’s small and medium enterprises (SMEs). It also helps large companies relocate to the state and establishes industrial estates in the state. In this blog post, we will give you a brief overview of TIDC, what it does, and some of its notable projects. After reading this, you should have a better understanding of what TIDC is and what it can do for you.
What is Tripura Industrial Development Corporation(TIDC)?
Tripura Industrial Development Corporation (TIDC) is an industrial development corporation formed under the Industrial Policy of the Government of Tripura, India. It was incorporated on 28th March 1974 with the objective to promote and develop the industrial estates in the state.
The corporation has a portfolio of around 1100 acres (4.5 km2) across sectors including rubber, bamboo, textiles, leather, pharmaceuticals, and food processing units. In FY16-17, TIDC invested Rs 706 crore in 132 projects across ten sectors. Out of these 132 projects, 93 are operational while 37 are still in progress. The eleven sectoral clusters identified by TIDC are agro-based industries, electronics and communication products cluster, hosiery & knitwear cluster, light engineering cluster, metal products cluster including defense items cluster, power generation and distribution clusters including renewables cluster; petrochemicals cluster; rubber & plastics products cluster; textile & apparel fabric mills sectoral clusters; transport infrastructure& logistics sectoral clusters; tourism sectoral clusters and warehousing/logistics sectoral clusters
History of TIDC
Tripura industrial development corporation (TIDC) was incorporated on 28th March 1974 with the primary objective of promoting industrialization in the state. The corporation is a public sector undertaking that has been mandated to undertake various developmental activities in the state including land acquisition, establishment of industries, and promotion of tourism, and trade. TIDC also provides financial assistance and other support to entrepreneurs engaged in developmental activities.
How TIDC Works
TIDC) is a state-owned industrial development corporation of Tripura, India. TIDC has been involved in the development of industries in Tripura, including the production of textiles, bamboo products, agro products, furniture, carpets, and rubber products.
Current Activities of TIDC
Tripura Industrial Development Corporation (TIDC) is a state-owned enterprise, promoted by the Tripura government. TIDC is currently engaged in activities such as land acquisition, port construction, the establishment of industries, and the promotion of exports. The corporation has developed an export-oriented economy and has emerged as a leading exporter of agro-based products. TIDC is planning to develop 15 more industrial estates in Tripura.
Incorporation did a joint venture with AGCL [A Govt. of Assam undertaking] on July 1990. Re-structuring of TNGCL on February 2005, with the joining of GAIL as a major shareholder in order to facilitate the implementation of CNG and PNG in the transport sector of Tripura.
Industrial Area Developed by TIDC in Tripura
TIDC has developed Bodhjungnagar, which is about 12 Km from Agartala. Bodhjungnagar Industrial Complex has been developed over an area of 535.73 acres of land with all modern facilities and R.K.Nagar Industrial Area on 226.16 Acres of land. TIDC has already invested a good amount of fund with the support from Central Government and State Government on various projects like Growth Centre( Rs. 40.27crores), Food Park(Rs.12.95 Crore), Export Promotion Industrial Park (Rs.21.31 Crore), Rubber Park(Rs.25.52 Crores) at Bodhjungnagar Industrial.
Tripura Industrial Development Corporation (TIDC) is a state-owned industrial development corporation headquartered in Agartala, Tripura. The primary purpose of the corporation is to promote industrialization and growth in the state by catalyzing investment and innovation in various industries. TIDC also assists small and medium enterprises through various programs and supports sectoral development plans. In addition, the corporation provides land, infrastructure and other support services to companies locating in its area of operation. As of 2012, TIDC had invested over Rs 4,361 crore in the state’s economy.
Industries in Tripura
Tripura Industrial Development Corporation Ltd (TIDC) has over 700 industrial units operational in various sectors across Tripura, employing over 50,000 people. Major industries in Tripura are from the Bamboo field, Rubber Industry, Food Based Industry,
How to Buy Industrial Plot/Land in TIDC Tripura
Tripura Industrial Development Corporation (TIDC) is an autonomous agency of the government of Tripura working for the development of industrial estates and other industrial infrastructure in the state. TIDC has so far developed more than 1,000 hectares of land into modern industrial estates. The corporation has a pooled fund at its disposal to finance the development of the industrial area. You can connect with Tripura industrial Development Area to buy or lease factory/warehouse in Agartala, Tripura.
