A three-member World Bank team visited North Tripura’s Kadamtala region to assess the potential of the agarwood industry, engaging with local growers and forest officials to explore possible investment and development avenues.
🔴 Key Highlights:
- World Bank consultant Dan Altrell led the delegation, accompanied by Erick Z Soruco and Sushanta Paul.
- The team visited agarwood factories and markets, interacting with stakeholders to understand challenges and growth prospects.
- Agar oil and chips from Tripura are exported to West Asian countries, where demand remains high.
- Tripura’s Agar Policy (2021) aims to transform the state’s economy through agarwood-based industries.
📢 Officials Speak:
- North Tripura District Forest Officer Suman Malla: “The agarwood sector has immense potential, but value addition is needed. The World Bank’s involvement could be a game-changer.”
- World Bank’s ELEMENT Project is also supporting forest-based entrepreneurship, including agarwood, bamboo, and honey industries.
⚠️ Strategic Impact:
- Tripura has over 1 crore agar trees, with Kadamtala emerging as a key processing hub.
- 15 agarwood factories are operational, but further investment could enhance production and global exports.
- The World Bank’s interest signals potential funding for infrastructure and sustainable practices.
👉 What do you think? Will Tripura’s agarwood industry see a global expansion? Drop your thoughts in the comments!
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