The Tripura government, Oil and Natural Gas Corporation (ONGC) and a private company signed a tripartite agreement on Tuesday to establish a huge urea fertilizer plant in the State. The State government would have a 10 per cent stake in the Rs. 5,000 crore project which will come up in the Kumarghat area of north Tripura by 2016. Sudhir Vasudeva, CMD, ONGC, Vice President of the Chambal Fertilizers and Chemicals Limited (CFCL) M.S. Rathore and Secretary of Tripura government Samarjit Bhowmik signed the agreement. Manik Sarkar, State Chief Minister, Power Minister Manik Dey, Industry and Commerce Minister Jitendra Choudhury, and Chief Secretary S.K. Panda were present on the occasion at the civil secretariat. Officials of the CFCL and the ONGC hoped that permission for transit transportation of fertilizers to the Indian mainland of India could be availed before the commissioning of the plant. “If we get the facility, we can meet the demands of various areas of country and supply fertilisers at a low cost,” a CFCL official said. The Tripura government had long been pursuing companies to set up a fertilizer unit in the State to take advantage of its huge gas reserves.