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In order to attract private investment, Tourism has been declared as an Industry in the State since 1987. Realizing the potential of Tourism in the socio-economic development of the State the State Government has set up Tripura Tourism Development Corporation Limited in November 2008 for professional management and giving further impetus to tourism sector in the State. The Corporation has been registered under the Companies Act on 3/6/2009 and since its functioning the revenue generation is continuously increasing offering a great opportunity for further expansion of this sector. Ever since Tourism was declared as an Industry in 1987, the State Government is attaching high importance to promote this sector with the help of Government of India. On the 3rd October, 2013 Directorate of Tourism, Govt. Of Tripura has been set up and in acts as an administrative department of the Tripura Tourism Development Corporation.