Agartala: The Tripura government on Tuesday signed two Memoranda of Understanding (MoU) with Patanjali Yogpeeth Trust for an estimated Rs 400 crore investment in the state.
The agreements aim to promote multi-sectoral investment and strengthen agriculture- and forest-based value chains in Tripura.
Officials said Patanjali will invest mainly in the agriculture and forest sectors, with a focus on organic farming, value addition and sustainable use of natural resources.
Chief Minister Prof (Dr) Manik Saha witnessed the signing of the MoUs between the Industries and Commerce Department and the Forest Department with Patanjali Yogpeeth Trust.
Director of Industries and Commerce Dr Deepak Kumar signed on behalf of the Industries and Commerce Department, while Principal Chief Conservator of Forests R K Samal represented the Forest Department.
Acharya Balkrishna, CEO and Managing Director of Patanjali Yogpeeth Trust, signed on behalf of the trust. The signing ceremony took place at the Tripura Institution for Transformation in Agartala.
Industries and Commerce Minister Santana Chakma, OSD to the Chief Minister Paramananda Sarkar Banerjee, senior officials and Patanjali representatives attended the event.
Speaking to reporters, Chief Minister Saha said the government is working to build a “New Tripura” aligned with Prime Minister Narendra Modi’s vision of a “New India”.
He said Tripura has rich natural resources and strong potential in agriculture, forest produce, tourism and allied sectors.
Saha said the government aims to harness these sectors to drive development, create employment and strengthen the state’s economy.
He expressed hope that Patanjali’s investment would boost the agriculture and forest-based economy and help Tripura move towards becoming an organic state.
Addressing the programme, Acharya Balkrishna said Patanjali Yogpeeth Trust is keen to support Tripura’s development and is willing to collaborate closely with the state government.