The Government of Meghalaya on January 31, 2024, issued the Draft Meghalaya Industrial & Investment Promotion Policy 2023.
The following provisions have been stated:
• Fostering Industrial Infrastructure:
Meghalaya has largely been an agrarian economy with the majority of its population dependent on land. In the last few decades, the State has witnessed a structural transformation in the economy with a growing contribution from the secondary and tertiary sectors to the State GSDP. To facilitate this transformation, the State has a well-spread-out industrial infrastructure comprising Industrial Estates, Industrial Areas, Growth Centres, an Export Promotion Park, and an Information Technology Park to facilitate the growth of industrial activity in the State.
• Globally marketable commodities:
Meghalaya has an abundance of mineral deposits such as coal, limestone, uranium, quartz, kaolin, granite, industrial clay, and sillimanite. Farmers in the state use traditional methods of cultivation for naturally organic production of fruits, nuts and spices. The produce includes several high-ticket export items such as Pineapple, Strawberry, Lakadong Turmeric, Ginger, Honey, Black Pepper, Areca Nuts, Jackfruit and various exotic flowers (Anthurium, Carnation, different types of Orchids etc.)
All stakeholders and the public may offer their views/comments on the draft Policy latest by February 16, 2024, at 5:00 pm to the undersigned or by email to [email protected], [email protected].
[Notification No M/Dind/Genl/12/2024/40]
