tripura

TTDC profits over Rs. 1.2 cr in Covid time, CM says, result of Ease of Doing Business policies

Agartala, Jan 13: The Tripura Tea Development Corporation (TTDC) has registered a profit of over Rs. 1.2 crore for the first time since its establishment in 1980.

Tripura Chief Minister Biplab Kumar Deb in a social media post commented that the TTDC’s profit in Covid time, when many other sectors faced huge loss, was ‘a result of ease of doing business policies of Tripura government’.
He wrote, “a reflection of transforming economic situation is being shown by the performance of Tripura Tea Development Corporation Limited (TTDC).”

The Tripura Tea Development Corporation has registered a profit of more than Rs. 1.2 cr in the Financial Year 2020-21.
Commenting on the TTDC's achievement, Deb on his official Facebook handle wrote, "I am elated that businesses of the state are achieving new heights and generating employment for the residents."

He also mentioned, "Along with constructing a new Mini Tea Factory at Machmara Tea Estate, TTDC is planning to use CNG as fuel in place of coal from the beginning of the year 2022-23."

According to the Chief Minister, the TTDC saw the profit in a situation when most of the economic activities were affected by the Covid pandemic because of the good governance policies of the Tripura Government being implemented under the guidance of Prime Minister Narendra Modi.

Meanwhile, Tripura Tea Development Corporation chairman Santosh Saha in a recent press conference said the TTDC became a profit-making PSU for the first time since its formation in 1980.

He said, a Memorandum of Understanding (MoU) was already signed with TNGCL for pipeline gas supply to Durgabari Tea processing sector to avoid the crisis of coal.