Agartala, July 15 -- The Tripura Industrial Development Corporation (TIDC) has achieved a 100 percent increase in its profit margin compared to the fiscal year 2022-2023.

The corporation's profit rose from Rs 4.02 crore in 2022-23 to over Rs 9 crore in the recently concluded fiscal year, said TIDC Chairman Nabadal Banik.

In addition, the corporation recovered 28 acres of land in industrial areas from 24 closed industrial units. These areas are now available for allotment to new industrial ventures, he added.

According to Banik, four previously defunct industrial units have resumed operations due to the industry-friendly environment fostered by TIDC.

Speaking at a press conference on TIDC's achievements, Banik said the corporation is a...