Tripura Chief Minister Manik Saha expressed his gratitude to Prime Minister Narendra Modi and Union Commerce Minister Piyush Goyal for their efforts in revising the agarwood export policy. The decision to increase export limits on agarwood chips, powder, and oil has given a much-needed boost to the state’s economy. The agarwood industry, which has been an integral part of Tripura’s heritage and livelihood, now stands to benefit from expanded opportunities in the global market.
The revised policy has opened doors for local cultivators and traders, who have long been restricted by stringent export limits. The move has created excitement among stakeholders, as they anticipate greater market reach and improved financial returns. Tripura, known for its high-quality agarwood, has been waiting for such policy changes to capitalize on its full potential in the international market.
The Chief Minister highlighted how the policy transformation aligns with the government’s vision of self-reliance and economic growth. He acknowledged the proactive approach taken by the central government in addressing longstanding issues faced by agarwood traders. With the new export limits in place, the industry is expected to attract more investments and generate employment across various sectors, including cultivation, processing, and export logistics.
Officials in the state’s commerce department have started working closely with local entrepreneurs to ensure they maximize the benefits of the revised policy. Workshops and awareness programs are being conducted to educate farmers and traders on export procedures, quality standards, and potential markets. The government is also exploring ways to provide additional financial support and infrastructural facilities to strengthen the supply chain.
Experts believe that Tripura’s agarwood industry has the potential to become a key contributor to India’s overall exports. The demand for agarwood and its by-products remains high in international markets, particularly in Middle Eastern and Southeast Asian countries, where it is used in perfumes, incense, and traditional medicines. The new policy change is expected to help the state establish a stronger foothold in these lucrative markets.
The Chief Minister emphasized the need for responsible and sustainable harvesting practices to maintain the quality and reputation of Tripura’s agarwood. He called for stricter monitoring to prevent illegal trade and ensure that the industry’s growth remains environmentally sustainable. The state government has already taken steps to introduce regulations that promote ethical sourcing and compliance with international standards.
Industry stakeholders, including small-scale farmers and large exporters, have welcomed the government’s decision. Many have expressed confidence that the revised export limits will enable them to scale up their operations and explore new business opportunities. Several traders have already started planning expansion strategies to meet the anticipated rise in demand.
Local communities that have depended on agarwood cultivation for generations see this policy change as a turning point. Many families that were struggling due to limited market access now hope to secure better incomes and improved living standards. The government’s commitment to promoting agarwood cultivation through scientific methods and sustainable practices has further reassured cultivators.
Tripura’s unique climatic conditions make it ideal for agarwood cultivation, and experts are optimistic about the industry’s future growth. The state government is collaborating with research institutions to enhance productivity and introduce innovative processing techniques. These initiatives aim to ensure that Tripura remains a leading player in the global agarwood trade.
As Tripura gears up to take advantage of the revised export policy, Chief Minister Saha remains focused on driving economic progress and positioning the state as a major agarwood hub. He has urged all stakeholders to work collectively in leveraging the opportunities presented by the policy transformation.
The government’s efforts to promote Tripura’s agarwood industry through policy reforms and infrastructure development are expected to have a long-term positive impact on the state’s economy. With increased export potential and better market access, Tripura is set to witness a new era of growth and prosperity in its agarwood sector.