“They have agreed to invest Rs 80 crore for setting up two industrial units at the proposed Bamboo Park at Bodhjungnagar and have already bought five acres of land from us,” Chairman of Tripura Industrial Development Corporation said.

Chief Minister Manik Sarkar laid the foundation stone for the Bamboo Park on January 27 which aimed to ensure value addition to bamboo. The Central government has sanctioned Rs 29 crore for its development, spread over 69 acres of land which is just 12 km from here.

Agartala, April 5: Production of bamboo-based products like handicrafts, furniture and sticks for Agarbatti-making in Tripura has grown three-fold to Rs 93.05 crore since 2006-07.

Expressing satisfaction at the growth rate, State’s Forest Minister Jitendra Chowdhury, said there had been a commensurate increase in the revenue also.