North-Eastern Region to emerge as a hub for rubber production:Shri Piyush Goyal

“Central Government has planned rubber plantations on 2 lakh hectares in the NE”

Shri Piyush Goyal addresses the ‘Destination Tripura - Investment Summit’

“Tripura has the potential to emerge as the country’s hub of Agarbatti Industry”: Shri Goyal

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 ₹ 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 ₹ 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.”

Shri Goyal applauded the development journey of Tripura under the able leadership of the Chief Minister Shri Biplab Kumar Deb. “The state government has been working tirelessly giving priority to 3 ‘N’s in administration, namely Niyat, Niti & Niyam,” said Shri Goyal, adding, “Tripura is the 4th literate state in the NE, has a thriving handlooms industry, 1.36 lakh weavers in Tripura, Tripura jackfruit has been exported to London.”

Shri Goyal said the Centre is encouraging usage of Agro-textiles & Geotechnical textiles in the NE region through its dedicated schemes. “With improved connectivity through Air, Rail, Road & Waterways, the so called geographical isolation of the State is a thing of the past. The state is an integral part of multimodal connectivity now,” he said.

Shri Goyal said the cross-border Agartala-Akhaura (Bangladesh) rail project worth ₹ 972 crore will help promote exports. “With Agartala airport emerging as the 2nd busiest airport in the NE region, Tripura will act as a Gateway to the North East,” he said.

Lauding the state government’s initiatives for Investment Promotion including the single window portal- SWAAGAT, Capital subsidy (30%), Power subsidy (50%), full reimbursement of State GST and 4% interest subvention, Shri Goyal termed it as “one of best investment packages in the country.” Stating that the Investment Summit will help Tripura realise its true potential, Shri Goyal hoped the Conference will help investors become partners in the development journey of the state.

Expressing his shock and condolences on the untimely demise of CDS, General Bipin Rawat, Shri Goyal quoted him, “We seek neither कृतज्ञता (gratitude) nor तालियाँ (applause) because we firmly believe in “ख़ामोशी से बनाते रहो पहचान अपनी, हवाये खुद तुम्हारा तराना गाएंगी !” (We seek neither gratitude nor applause; through silence let us make ourselves known, the whole world will come at your feet on their own.”

Rubber production hub policy: large-scale plantation expansion backed by industry funding and state investment incentives. Central policy initiatives and private sector commitments aim to position the North-Eastern Region as a strategic hub for rubber production by enabling large-scale plantation expansion, coordinated financing, and planting-material procurement. Major tyre manufacturers committed funding through a memorandum with the Rubber Board and transferred initial funds to support planting inputs, while state-level incentives and infrastructure improvements are presented as the operational framework to attract investment and develop complementary bamboo and agro-industrial activities.