Infrastructure Development of Industrial Estates in Tripura (ADB-55207-001)

Regions
  • South Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • India
Geographic location where the impacts of the investment may be experienced.
Specific Location
Tripura
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Mar 21, 2022
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Government of Tripura
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 2.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 2.50 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Jan 7, 2023


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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to ADB, the proposed project aims to improve infrastructure in the industrial estates in Tripura and strengthen institutional and financial capacities of DOIC and TIDCL. It will be financed through a regular loan from ADB’s ordinary capital resources with an indicative amount of $46.5 million, expected to be approved in 2023. The loan amount will be confirmed based on the (i) detailed engineering design of the selected subprojects, (ii) absorptive capacity of the executing agency and the contracting industry, and (iii) availability of counterpart funding from the GOT.

Tripura's vision is that manufacturing sector employment will be increased from 1.79% (Census of India, 2011) to 4.5% in 2030. The state has established rubber, food and bamboo parks to support existing and potential investors. It is felt that industrial cluster development has the potential to promote manufacturing growth and accordingly, Tripura Industrial Development Corporation Limited (TIDCL) has planned development of 15 industrial estates with the objective of industrial promotion, entrepreneurship development, and overall employment generation. ADB's Northeast Economic Corridor (NEEC) study report also recommended interventions for improved industrial development in Tripura through integrated approach of planning and design, and identified needs for integration of industrial infrastructure development with logistic parks, transportation and trade facilitation at various locations in Tripura.

The Government of Tripura (GOT), through its Department of Industries & Commerce (DoI&C;) as the nodal agency, has applied for financial assistance through the Department of Economic Affairs, Ministry of Finance, Government of India under the project readiness financing (PRF) facility from the Asian Development Bank (ADB) in the form of a _loan_ for improving readiness of Infrastructure Development in Industrial Estates in Tripura.

The PRF will ensure high readiness of the ensuing program/ project by delivering the following outputs, through mobilization of consulting services under the supervision of and coordination with the GOT, DoI&C;, TIDCL, and ADB.

Output 1: Sector strategy and investment plans prepared. Output 1 will help (i) strengthen the industrial planning/ preparing industrial strategy and promotion requirements; (ii) prepare investment plans and action plans; and (iii) prioritize key subproject and infrastructure components.

Output 2: Feasibility study, detailed engineering designs, and due diligence of priority subprojects completed. Output 2 will focus on (i) feasibility studies and preparation of detailed engineering designs; (ii) social and environmental due diligence; (iii) economic and financial analyses; gender equality and social inclusion; (iv) climate and disaster resilience; and (v) procurement risk/ capacity assessment, strategic procurement planning, contract modalities, procurement plan, contract management plan(s); bid documents, tendering and bid processing.

Output 3: Institutional capacity development strengthened. This will include capacity building of DoI&C; and TIDCL on financial, technical, safeguards, gender equality and social inclusion (GESI), procurement aspects, supporting in sector analysis, and developing the institutional strengthening and capacity development component. It will (i) review institutional capacities and current operation and maintenance practices; (ii) outline reform actions and scope to arrive at industrial development planning and processing framework/ mechanism under the ensuing loan, (iii) outline scope of institutional strengthening component of the ensuing project for sustainability of assets; and (iv) support planning, design, implementation, and management of PRF outputs, and ensuing project.

ENVIRONMENTAL AND SOCIAL INFORMATION

Since the proposed activities consist of consulting services only, activities have not been categorized in accordance with ADB’s Safeguard Policy Statement (2009). The scope of the ensuing project will likely be in and around 15 industrial estates in six districts of Tripura. The detailed design will be prepared with consideration given to (i) minimizing the interface with any national parks, wildlife sanctuaries, or any other environmentally sensitive areas; (ii) minimizing the impact on resettlement and land acquisition; and (iii) avoiding adverse impacts on indigenous peoples, if any. Tripura is home to 1.17 million scheduled tribe people who account for 31.8% of the total population.15 The ensuing project will not cause any adverse impact on the scheduled tribe population as the industrial estates are not located in scheduled tribe areas.

 

Investment Description
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Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.
Responsible ADB Officer Chattopadhyay, Soumya
Responsible ADB Department South Asia Department
Responsible ADB Division India Resident Mission
Executing Agencies
Department of Industries & Commerce, Government of Tripura

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.adb.org/forms/request-information-form

ADB has a two-stage appeals process for requesters who believe that ADB has denied their request for information in violation of its Access to Information Policy. You can learn more about filing an appeal at: https://www.adb.org/site/disclosure/appeals

ACCOUNTABILITY MECHANISM OF ADB

The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main.

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