Press Release-Investors summit at Tripura

 

INVESTOR’S SUMMIT OF BAMBOO PRODUCT MANUFACTURERS

Date: 30TH September, 2019
Time : 11 A.M.
Venue: State Guest House, Agartala, Tripura

PRESS RELEASE

– CHIEF MINISTER OF TRIPURA INAUGURATED THE INVESTOR’S SUMMIT
– IKEA AND LEADING INVESTOR’S FROM KOLKATTA, BENGALURU, HYDERABAD, NEW DELHI ETC. PARTICIPATED
– TARGET INVESTMENT OF RS.75 – 100 CRORES IN TRIPURA BAMBOO SECTOR
– ORDER FOR 1 LAKH BAMBOO YOGA MATS PLACED BY HYDERABAD INVESTORS
– BAMBOO PRODUCTIVITY COUNCIL SHALL BE SET UP IN TRIPURA

An investor’s summit of bamboo product manufacturers was organized by Tripura Bamboo Mission (TBM) on 30th September, 2019 at State Guest House, Agartala, Tripura.

The summit was attended by more than 15 investors related to bamboo manufacturing, exports and supply from various parts of the country.

At the outset State Bamboo Mission has given an elaborative presentation on the availability of Bamboo, its varieties and also FSC certified bamboo which is available in Tripura. The presentation also provided the support system provided by the Govt. of Tripura for attracting the investors to set up their plants and sourcing units in Tripura. These includes – State Capital Investment Subsidy, Procurement Preference, Industrial Promotion Subsidy which includes Reimbursement of GST, Partial Reimbursement of Power Charges, Partial Reimbursement of Interest on Term Loan, State Transport Subsidy, Reimbursement of Standard Certification charges/ fees & Quality Control, 100% Exemption from the payment of Earnest Money and Security Deposits, Employment Cost Subsidy, Subsidy on fees paid for Credit Guarantee of loans, Export Promotion Subsidy, Subsidy for participation in fares and exhibitions:Central Comprehensive Insurance Incentive (CCII), Income-Tax (IT) Reimbursement, Enterprises owned by Women & Physically Challenged Persons etc.

The investors have shown keen interest and raised various queries and fruitful discussions were held. Each investor was provided time to speak before Hon’ble Minister and the senior most officials of the Govt. of Tripura including Chief Secretary and Deputy Chairman, State Planning Board.

IKEA has shown keen interest in sourcing of FSC Certified Bamboo products including bamboo boards, chopping boards which they are presently importing from China & Vietnam.

Agarbathi Manufacturers from Bengaluru and Tamil Nadu have also confirm their investment in setting up of the Agarbathi unit which includes making of bamboo sticks, processing and packaging. Two investors have even applied for the sheds and will set up their units within next 2 months. 4 entrepreneurs were provided felicitation by Chief Minister for allotment of sheds.

Chairman, Handicrafts & Carpet Sector Skill Council and Immediate Past Chairman, Export Promotion Council for Handicrafts assured regular training and skill up-gradation of the manpower of Tripura.

Hon’ble Chief Minister assured the investors for all support system to be provided by the Govt. of Tripura and on the demand of investors nominated one officer to take up all the issues for clearance.

 

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LIST OF MANUFACTURERS, EXPORTERS AND ENTREPRENEURS ATTENDED THE INTERACTIVE SESSION WITH HON’BLE CHIEF MINISTER OF TRIPURA AT TRIPURA ON 30TH SEPTEMBER 2019

SNo Name Of Person Product Lines Purpose / Investment
1. Mr.RakeshJetli, Project Leader – Purchasing & Logistics
IKEA Services India Pvt Ltd
DLF Infinity Tower – A , 8th Floor, Sector – 25
Cyber City, Gurgaon – 122002
Haryana, INDIA
rakesh.jetli2@inter.ikea.com
Lifestyle accessories Sourcing of Bamboo Lifestyle products as per IKEA’s compliance.
Last year’s global Bamboo product procurement was INR 750.00 cr.
Presently company is not procuring any bamboo based product from India. Looking forward to source material from India more specifically from North East.
– IKEA would like to know the availability of FSC certified Bamboo in Tripura.
– Accordingly they will prepare investment plan for sourcing of Bamboo from Tripura.
2. Mr. O.P.Pahladka
Ex-Chairman- Export Promotion Council for Handicrafts (EPCH)
M/S. Hitaishi KK Mfg. Co. Pvt Ltd
1 B.K.Paul Avenue
Kolkata
ho@hitaishi.com
Manufacturing & Exporting wood & Bamboo products Agarbathi& Rubber wood manufacturing units
Intend to work in Rubber based unit and targeted to invest INR 10.00 cr. Also ready to procure 300 tons from Tripura monthly by their Association, provided they get right quality, right price.
3. Mr.Tanmoy Banerjee
Director
RT Network Soluctions Pvt. Ltd.
ECO Centre, EM – 4, Suit No. 0614
Salt Lake City, Sector V, Kolkata – 700091
tanmoy.banerjee@rtns.in
Arecanut plate manufacturing & Bamboo products  Setting up unit for arecanutleaf plate manufacturing & Bamboo Utilitarian products.
 Rs. 1 crore
 Intend to source bamboo straw
 Rs. 50 lakhs
 Ready to start a BPO in Agartala, with an investment of INR 2.00 cr.
4. Mrs. Shanthala.S
Director
Synergic Wood Technology
#47/1B, 4th Main Road, Chandana Layout
Vishwaneedam Post, Sunkadakatte, Magadi Road
Bangalore – 560091
shanthalaswt@gmail.com
– Manufacturing & Servicing of Panel Processing & Bamboo Processing Machines
– Consultant for composite bamboo board projects
Their group has given an order of 1 lakh unit of Yoga mat providing a business opportunity of INR 5.00 cr.
Ready to start Yakam unit at Khumblung for production purpose.
– Rs.10 crores
Looking to invest and partnership with industry for promoting bamboo board. Buyers/market is readily available
5. Mr. P. Ramgopal Entrepreneur, Bangalore
shanthalaswt@gmail.com
Use of new technology for the rural development to enhance village GDP
6. Mr. K.Narasimhan Agriculturist & Entrepreneur, Bangalore
shanthalaswt@gmail.comw
sustainable agriculture and working with Make in India
7. Mr. MLN. Srinivas Entrepreneur, Bangalore
shanthalaswt@gmail.com
Social Activist and environmentalist
8. Mr. Vijay Kumar
Entrepreneur, Bangalore
shanthalaswt@gmail.com
Craft person, Consultant Designer for solid wood and Bamboo
9. Mr.ShambhuNath Singh
R.K.Enterprise
Hazarika Bhawan
HR Path, Bye Lane No.06
R G Baruah Road, Zoo-Tiniali
Guwahati-781 003
rkenterprises.ghy@gmail.com
Agarbatti Manufacturing Bamboo incense stick making unit. Investment of INR 1cr.
10. Mr.S.M.Babu and Mr. Anees Ahmed
AKS Bamboo Sticks
D/o. 21, Venkateshwara Nagar, Bus Stop, Jakkur Post
YelankaHobli, Bangalore-560 064
Agarbatti Manufacturing Setting up Bamboo stick manufacturing unit at Khumarghat.
Investment of INR 10.00 Cr.
– Already taken shed
11. Mr.PratapGoswami
Advisor-Nagpur Agarbatti Cluster Association
&Advisor- GodwanaAgarbatti Cluster Association, MaharashtraGolosso Bamboo Industry
Plot No.17, NiglokNgorlung Industrial Development Centre, East Siang District, Arunachal Pradesh, Pratap.goswami@gmail.com
Agarbatti& Bamboo Board Technology Will provide support on Setting up Bamboo Board manufacturing unit &Agarbatti unit and cluster development under MSME scheme
– Will bring investment based on availability FSC certified to Rs.20-25 crores.
12. Mr.M.M.Ansari M/s Indian Weave
Overseas H-13, Abul Fazal Enclave,Jamia Nagar,Okhla, New Delhi-110025
Indian_weave@hotmail.com
Handicraft Exporter Sourcing of Textile based products for supply to Fab India and Other prominent retailers
Rs.1.00 crores
13. Mr. Shelva Raj
Butterfly fragrance Pvt. Ltd.
Bangalore
Invest in Setting up of Agarbatti stick unit and ready to invest INR 5.00 cr

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