India, Feb. 8 -- The Tripura government signed Memoranda of Understanding (MoUs) worth Rs.3,700 crores with 87 private investors in sectors like education, healthcare, agriculture, Information Technology (IT) at a two-day business conclave, Destination Tripura, in Agartala on Saturday.

Speaking at the event, chief minister Manik Saha termed Tripura as a "peaceful and investment-friendly state" and said the state government has been focusing on promoting industry in rubber, bamboo, tourism, Agar plantation and other sectors. "Investors have shown interest in investing in these sectors," he said.

To be sure, not all investment proposals or MoUs signed by governments translate into real projects.

Saha said his government has ensured a has...