Agartala: Tripura is all set to host a three-day buyer-seller meet for agarwood investors in September with an aim to build a Rs 2,000-crore economy in the next three years.

The development comes a week after PM Narendra Modi assured support to chief minister Biplab Kumar Deb in building the agarwood-based economy.

With the assurance of all possible support from the Centre, Tripura has become proactive in building the agar-based industry and as a result the first three-day buyer-seller meet will be organised from September 21 to 23.

The officials of the forest and industries department have started preparations for the meeting which will be attended by the investors from states like Maharashtra and Gujarat.

Meanwhile, an investor from Gujarat recently approached the Tripura government to purchase 20,000 agarwood plants from the state.

Tripura has an abundance of agar trees. At present, over 50 lakh agar trees are available in the state. The state government had launched Tripura Agarwood Policy 2021, following policy interventions proposed for five years.

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The CM informed the Prime Minister Modi that target of doubling the Agarwood plantation by 2025, setting up of testing laboratory and trade centre, getting technology for artificial inoculation, simplification and automation of the procedure on certificate of origin in line with requirements under CITES rules and research in unexplored field of Agar wood species.

The CM also said that the state is expecting to generate the economy worth Rs 2,000 crore in the next three years. Actions on the above issues have been started by the Forest Department.

The state has plans to export 75,000 kg of agar chips and 1,500 kg of agar oil in the financial year 2021-22.



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