Agartala, Mar 14, 2025, TRIPURA TIMES Desk

Agartala, Mar 14: The Tripura government on Friday signed a MoU with the Indian Hotels Company Limited (IHCL), a part of the Tata Group, to set up a five-star hotel at Pushpabanta Palace with an investment of around Rs 250 crore.

Tripura Chief Minister Dr. Manik Saha said this after the signing of the MoU between the Government of Tripura and Indian Hotels Company Ltd (IHCL) at TIFT in Agartala.

"On this special day, we have signed an MoU that will be remembered as a milestone in the history of Tripura. We have been discussing this for a long time, but finalization took some time," the Chief Minister said.

He also said, this is the first time in history that such an MoU has been signed by IHCL with the government.

Dr. Saha mentioned that this hotel would include four exclusive suites and around 100 rooms with touch of royal era.

“With this project, people from outside the state will visit, and it will also highlight the legacy of the Manikya Dynasty. The main aim is to boost tourism. When tourists come, they will not only stay in the hotel but also visit our famous tourist destinations, increasing overall tourist footfall. Around 200 jobs will be generated directly, and many more employment opportunities will arise indirectly in construction, food, raw materials, and other sectors. This is indeed a proud moment for us. PM Modi wants Tripura to move forward, and we are working towards building a modern Tripura. Such initiatives will place Tripura on the world map. Around ₹250 crore will be invested over the next three years," he added.  

During the event, Industries and Commerce Minister Santana Chakma, Tourism Minister Sushanta Chowdhury, Secretary Kiran Gitte, Tourism Department Secretary U.K. Chakma, and Finance Department Secretary Apurba Roy were present.