Company Registration ( Formation/ Incorporation/ Setup ) in Tripura, India
Get professional consultancy for company registration and formation, setup services in Tripura state of India at most affordable rates. GKS Consulting has served private limited companies, public limited companies, one person companies, limited liability partnerships etc all over the country. Apart from company Setup in Tripura we also provide company conversion services, Foreign direct invest (FDI) assistance, NRI tax and business consultancy etc.
In the state of Tripura we have helped more than 100 companies in places such as Gomati, Ambassa, Agartala, Bisramgani, Kailasahar, Khowai, and several other areas within the state. The industroies in the state that have enlisted our services include; natural gas, rubber, tea, bamboo, food processing, handloom and handicrafts, sericulture and tourism.
The blending qualities of the tea produced in the state of Tripura makes it famous. The state is preferred by many tourists due to its pleasant climate and scenic landscape. The major tourists attraction in the state are temples, rivers, rock cravings etc.
The literacy rate of the state is higher than the national average rate. The state has numerous unexploited sectors such as organic spices, bio-fuels and eco-tourism. There is a wide variety of medical plants found in the state. There are 266 medical plants, 379 species of trees, 581 herbs, 320 shrubs and 165 climbers.
The state’s developed infrastructure, enhanced rail and air connectivity and formation of trade routes has improved trade.
Need Quick and Reliable Online Private Limited Company Incorporation, Fresh Company Registration, New Co. Formation and Business Set-up Services anywhere in Tripura, India: Top Company Formation Experts, Best Indian Chartered Accountants (CPA), Reliable Company Experts, Renowned Consulting Company, National level Advisors / Consultants of Tripura - Ask Companysetupindia.com, a unit of GKS Consulting Private Ltd.
We provide Following Services anywhere in Tripura, India: Complete solution for incorporation of New Company | Apply Name Search | How to Incorporate New Private Limited Company ? Incorporation of Pvt Ltd Co | Procedure for Incorporating a Pvt. Ltd. Co. | Where to Form a Public Limited Company ? Forming a Pub Ltd Co | Formation of Pub. Ltd. Co. | Why to Register an Indian Subsidiary ? Registering an Indian Subsidiary | Registration of Indian Subsidiary | How to make Subsidiaries ? Making of Holding Company | Why to Open a Limited Liability Partnership (LLP) ? Opening a Limited Liability Partnership | Where to open a LLP ? Setup of LLC | Set-up of LLP | Set up of LLP | Setting up of L.L.P. | Setting-up of L.L.P. | To Start a LLC PLC OPC PTE | Starting a L.L.C. | Types of Companies any where in Tripura | Forming Corporation in Tripura | Setting up Business by Foreign Companies |Foreign Direct Investment (FDI) | Liaison Office | Representative Office | Project Office | Branch Office | Obtaining Section 8 Company License | Certificate of Incorporation | Process and Procedure | DIN (Director Identification Number) | DSC Class One Two Three| Digital Signature Certificate | Joint Venture Company | Company Limited by Guarantee | Unlimited Company | Government Company | Nidhi Company | Mutual Benefit Company | Not for Profit Co. NGO, N.G.O.| Section 8 Company | Part IX Company | Producer Company | One Person Company | Sole Proprietorship | Partnership Firm | Cooperative Society | Charitable Trust | Body of Individual, BOI| Association of Persons, AOP |FAQ | Frequently asked questions - Companysetupindia | ROC | R.O.C. | Registrar of Companies | Corporate Laws of Tripura | Companies Act | Business Entities in Tripura |Government Approvals for Investing in Tripura for Foreign Investors | Entry Strategies & Tax Planning in Tripura for Foreign Investors | Foreign Investment in Tripura Sector wise Guide | Doing Business in Tripura - Free Guide for Foreign Companies Doing Business with Tripura | Registering Trademarks in Tripura | Registering Patent in Tripura | Copy Right | Tax Rates in Tripura | Process Serving in Tripura.
About: Tripura is a state in Northeast India. The third-smallest state in the country, it covers 10,491 km2 (4,051 sq mi) and is bordered by Bangladesh to the north, south, and west, and the Indian states of Assam and Mizoram to the east. In 2011 the state had 3,671,032 residents, constituting 0.3% of the country's population.
The area of modern 'Tripura' was ruled for several centuries by the Tripuri dynasty. It was the independent princely state of the Tripuri Kingdom under the protectorate of the British Empire which was known as Hill Tippera while the area annexed and ruled directly by British India was known as Tippera District (present Comilla District). The independent Tripuri Kingdom (or Hill Tippera) joined the newly independent India in 1949. Ethnic strife between the indigenous Tripuri people and the migrant Bengali population due to large influx of Bengali Hindu refugees and settlers from Bangladesh led to tension and scattered violence since its integration into the country of India, but the establishment of an autonomous tribal administrative agency and other strategies have led to peace.
Tripura lies in a geographically disadvantageous location in India, as only one major highway, the National Highway 8, connects it with the rest of the country. Five mountain ranges—Boromura, Atharamura, Longtharai, Shakhan and Jampui Hills—run north to south, with intervening valleys; Agartala, the capital, is located on a plain to the west. The state has a tropical savanna climate, and receives seasonal heavy rains from the south west monsoon. Forests cover more than half of the area, in which bamboo and cane tracts are common. Tripura has the highest number of primate species found in any Indian state. Due to its geographical isolation, economic progress in the state is hindered. Poverty and unemployment continue to plague Tripura, which has a limited infrastructure. Most residents are involved in agriculture and allied activities, although the service sector is the largest contributor to the state's gross domestic product.
According to 2011 census, Tripura is one of the most literate states in India with a literacy rate of 87.75%. Mainstream Indian cultural elements coexist with traditional practices of the ethnic groups, such as various dances to celebrate religious occasions, weddings and festivities; the use of locally crafted musical instruments and clothes; and the worship of regional deities. The sculptures at the archaeological sites Unakoti, Pilak and Devtamura provide historical evidence of artistic fusion between organised and tribal religions. The Great Chinmoy in Agartala was the former royal abode of the Tripuri king.
Major Towns of Tripura: Dhalai (Ambassa), Gomati (Tripura), Khowai, North Tripura(Dharmanagar), Sepahijala (Bishramganj), South Tripura(Belonia), Unokoti(Kailashahar), West Tripura(Agartala).
Economy of Tripura: Tripura's gross state domestic product for 2010–11 was 129.47 billion (US$1.8 billion) at constant price (2004–05), recording 5.71 per cent growth over the previous year. In the same period, the GDP of India was 48,778.42 billion (US$680 billion), with a growth rate of 8.55 per cent. Annual per capita income at current price of the state was 38,493 (US$540), compared to the national per capita income 44,345 (US$620). In 2009, the tertiary sector of the economy (service industries) was the largest contributor to the gross domestic product of the state, contributing 53.98 per cent of the state's economy compared to 23.07 per cent from the primary sector (agriculture, forestry, mining) and 22.95 per cent from the secondary sector (industrial and manufacturing). According to the Economic Census of 2005, after agriculture, the maximum number of workers were engaged in retail trade (28.21 per cent of total non-agricultural workforce), followed by manufacturing (18.60 per cent), public administration (14.54 per cent), and education (14.40 per cent).
Tripura is an agrarian state with more than half of the population dependent on agriculture and allied activities. However, due to hilly terrain and forest cover, only 27 per cent of the land is available for cultivation. Rice, the major crop of the state, is cultivated in 91 per cent of the cropped area. According to the Directorate of Economics & Statistics, Government of Tripura, in 2009–10, potato, sugarcane, mesta, pulses and jute were the other major crops cultivated in the state. Jackfruit and pineapple top the list of horticultural products. Traditionally, most of the indigenous population practised jhum method (a type of slash-and-burn) of cultivation. The number of people dependent on jhum has declined over the years.
GSDP at Constant Prices (2004–05 base)
figures in crores Indian rupee
Pisciculture has made significant advances in the state. At the end of 2009–10, the state produced a surplus of 104.3 million fish seeds. Rubber and tea are the important cash crops of the state. Tripura ranks second to Kerala in the production of natural rubber in the country. The state is known for its handicraft, particularly hand-woven cotton fabric, wood carvings, and bamboo products. High quality timber including sal, garjan, teak and gamar are found abundantly in the forests of Tripura. Tata Trusts signed a pact with Government of Tripura in July 2015 to improve fisheries and dairy in the state.
The industrial sector of the state continues to be highly underdeveloped – brickfields and tea industry are the only two organised sectors. Tripura has considerable reservoirs of natural gas.78–81 According to estimates by Oil and Natural Gas Corporation (ONGC), the state has 400 billion metres3 reserves of natural gas, with 16 billion metres3 is recoverable. ONGC produced 480 million metres3 natural gas in the state, in 2006–07. In 2011 and 2013, new large discoveries of natural gas were announced by ONGC. Tourism industry in the state is growing – the revenue earned in tourism sector crossed 10 million (US$140,000) for the first time in 2009–10, and surpassed 15 million (US$210,000) in 2010–11. Although Bangladesh is in a trade deficit with India, its export to Tripura is significantly more than import from the state; a report in the newspaper The Hindu estimated Bangladesh exported commodities valued at about 3.5 billion (US$49 million) to the state in 2012, as opposed to 'very small quantity' of import. Alongside legal international trade, unofficial and informal cross-border trade is rampant. In a research paper published by the Institute of Developing Economies in 2004, the dependence of Tripura's economy on that of Bangladesh was emphasised.
Per Capita Income with 2004–05 Base
Year Tripura India
2004–05 24,394 24,095
2005–06 26,668 27,183
2006–07 29,081 31,080
2007–08 31,111 35,430
2008–09 33,350 40,141
2010–11 33,493 44,345
The economy of Tripura can be characterised by high rate of poverty, low capital formation, inadequate infrastructure facilities, geographical isolation and communication bottlenecks, inadequate exploration and use of forest and mineral resources, slow industrialisation and high unemployment. More than 50% of the population depends on agriculture for sustaining their livelihood. However agriculture and allied activities to Gross State Domestic Production (GSDP) is only 23%, this is primarily because of low capital base in the sector. Despite the inherent limitation and constraints coupled with severe resources for investing in basic infrastructure, this has brought consistence progress in quality of life and income of people cutting across all sections of society. The state government through its Tripura Industrial Policy and Tripura Industrial Incentives Scheme, 2012, has offered heavy subsidies in capital investment and transport, preferences in government procurement, waivers in tender processes and fees, yet the impact has been not much significant beyond a few industries being set up in the Bodhjungnagar Industrial Growth Center.
The Planning Commission estimates the poverty rate of all North East Indian states by using head count ratio of Assam (the second largest state in North East India after Arunachal Pradesh ). According to 2001 Planning Commission assessment, 22 per cent of Tripura's rural residents were below the poverty line. However, Tripura government's independent assessment, based on consumption distribution data, reported that, in 2001, 55 per cent of the rural population was below the poverty line. Geographic isolation and communication bottleneck coupled with insufficient infrastructure have restricted economic growth of the state. High rate of poverty and unemployment continues to be prevalent.
Electricity: Till 2014, Tripura was a power deficit state. In late 2014, Tripura reached surplus electricity production capacity by using its recently discovered natural gas resources, and installing high efficiency gas turbine power plants. The state has many power-generating stations. These are owned by Tripura State Electricity Corporation (TSECL), natural gas-powered thermal power stations at Rokhia and Baramura, and the ONGC Tripura Power Company in Palatana. The ONGC plant has a capacity of 726.6 MW, with the second plant's commissioning in November 2014. It is the largest individual power plant in the northeast region.
The state also has a hydro power station on the Gumti River. The combined power generation from these three stations is 100–105 MW. The North Eastern Electric Power Corporation (NEEPCO) operates the 84 MW Agartala Gas Turbine Power Plant near Agartala. As of November 2014, another thermal power plant is being built at Monarchak.
With the newly added power generation capacity, Tripura has with enough capacity to supply all seven sister states of northeast India, as well export power to neighbouring countries such as Bangladesh. With recent discoveries, the state has abundant natural gas reserves to support many more power generation plants, but lacks pipeline and transport infrastructure to deliver the fuel or electricity to India's national grid.
Irrigation and Fertilizers: As of 2011, 255,241 hectares (985 sq mi) of land in Tripura cultivable, of which 108,646 hectares (419 sq mi) has the potential to be covered by irrigation projects. However, only 74,796 hectares (289 sq mi) is irrigated. The state lacks major irrigation projects; it depends on medium-sized projects sourced from Gumti, Khowai (at Chakmaghat) and Manu rivers, and minor projects administered by village-level governing bodies that utilise tube wells, water pumps, tanks and lift irrigation.
ONGC and Chambal Fertilizers & Chemicals are jointly building a fertiliser plant to leverage ONGC's natural gas discoveries in Tripura. Expected to be in operation by 2017, the 1.3 million tonnes per year plant will supply the northeastern states.
Steps to Incorporate a Private Limited Company/OPC (One Person Company) anywhere in Tripura