MEGHALAYA WOOS INVESTORS THROUGH MUMBAI DOOR

Saikat Das, Mumbai
The Economic Times

In an attempt to lift its economy, the government of Meghalaya is all set to woo investors showcasing its future potential in different sectors within the state.

Mentioning that “Indo-Bangladesh partition has taken a heavy toll in the local economy of the state which has a 440 KM border with Bangladesh, Ranjan Chatterjee, Chief Secretary, the government of Meghalaya, said “Meghalaya is currently growing at 5.6 per cent per annum. We need to have a lot of accelerated business movements to reach a target of 9.9 per cent.

Initially, the state government wishes to bring investment in the sectors like Infrastructure, power, tourism (including medical & cultural tourism and golf tourism), IT, ITes, Agro, horticulture, floriculture and education. The authorities are already in talks with big companies to strike deals in PPP model. Mahindra Resort is one of them.

The government also puts emphasis on setting up knowledge parks, hydal and thermal power plants and biotechnology firms.