Since the formation of the BJP government in Tripura, trade between India and Bangladesh through the state has experienced substantial growth. Chief Minister Dr. Manik Saha highlighted the significant increase in trade volume, which rose from 390.68 crore in 2018 to 758.9 crore in the year 2022-23. This growth can be attributed to the government’s emphasis on improving connectivity and relations, as well as the upcoming inauguration of the Maitry Setu in Sabroom, which is expected to further enhance trade and employment opportunities in the region.
Remarkable Growth in Trade Volume
Chief Minister Dr. Manik Saha addressed a gathering in Bardwalo Constituency, celebrating the nine-year completion of Prime Minister Narendra Modi’s government. He highlighted the impressive growth in trade volume between India and Bangladesh through Tripura, with the trade value increasing from 390.68 crore in 2018 to 758.9 crore in 2022-23.
Prime Minister Modi’s Emphasis on Connectivity and Relations
The Chief Minister credited Prime Minister Narendra Modi for the remarkable progress in trade between India and Bangladesh. He emphasized that from the beginning, the Prime Minister has prioritized improving connectivity and relations, which has facilitated the growth in trade volume. This focus on strengthening ties has been instrumental in enhancing economic cooperation between the two countries.
Export Achievements and Economic Impact
Chief Minister Dr. Manik Saha proudly announced that Tripura has achieved significant export milestones as a result of the growing trade relations. The state has exported goods worth Rs 121.37 crore, representing a major achievement for Tripura’s economy. This export success is a testament to the increasing trade opportunities and the competitiveness of Tripura’s products in the international market.
Maitry Setu to Boost Trade and Connectivity
The upcoming inauguration of the Maitry Setu in Sabroom, South Tripura District, is expected to provide a significant boost to trade and connectivity between India and Bangladesh. The Chief Minister expressed optimism that Tripura will become the gateway to the entire northeastern region of India, further propelling trade volume. The improved connectivity will not only facilitate trade but also create numerous employment opportunities for the people of Tripura.
Implications for Economic Growth and Regional Development
The flourishing trade between India and Bangladesh through Tripura has wide-ranging implications for economic growth and regional development. The increased trade volume will drive economic activity, generate revenue, and foster greater prosperity for the state. It will also attract investments and create opportunities for businesses to expand their operations, leading to the overall development of Tripura and the northeastern region.
The trade between India and Bangladesh through Tripura has experienced remarkable growth since the formation of the BJP government in the state. The Chief Minister highlighted the substantial increase in trade volume and credited Prime Minister Narendra Modi’s emphasis on connectivity and relations. With the upcoming inauguration of the Maitry Setu, Tripura is poised to become a crucial gateway to the northeastern region, further enhancing trade and creating employment opportunities. The flourishing trade relations signify the positive impact on Tripura’s economy and regional development.