Agartala, Sep 23 (UNI) German investment group GTZ has assured to provide financial support of Rs 112 crore to Tripura for value addition of forest produce, especially bamboo, rubber and medicinal plants.
Official sources here today said a four-member German delegation, led by its Mission Director (Technical) Hans Helmrich, arrived here yesterday to finalise the investment modules.
The delegation would sign an MoU with the state government on September 28 to implement a six-year project to alleviate poverty through natural resource management, state Commerce and Industries Director V G Jenner said.
The team also held a meeting with state Commerce and Industries Minister Tapan Chakraborty on the impact of the project, initiated for afforestation, development of fisheries and animal resources, besides value addition to bamboo and promoting marketing of rubber and medicinal plants.
The company would also extend technical support to implement a scheme aimed at improving the socio-economic condition of the people, especially tribals.
Earlier, Japan Bank for International Cooperation (JBIC) had also provided Rs 311 Core as soft loans for an ecological conservation project, which kicked off recently.
Meanwhile, the state government was pursuing the China-based International Tropical Timber Organisation (ITTO) for financial support in this regard.