Meghalaya Chief Minister Conrad K Sangma stated on May 25 that the state will likely attract a sizable private investment of Rs 8,000 crore.
He informed that close to Rs 4000 crore investment has come through in the last one year, which includes a Rs 2500 crore thermal power plant to generate 450-megawatt electricity, ethanol plant, beverages and five-star hotel chain.
Speaking at the тАЬHuman Development Leadership ProgrammeтАЭ workshop in Tura, Sangma stated, тАЬThe investment in Meghalaya is an outcome of the new industrial policy that has created an ecosystem for ease of doing business.тАЭ The workshop was attended by Deputy Commissioners (DCs), Block Development Officers (BDOs), and other district and block-level officers from the five districts of Garo Hills.
Addressing previous policies that discouraged investors, Sangma noted, тАЬThe system was tedious and time-consuming. Our new industrial policy provides a framework to expedite clearance for different statutory requirements, facilitating investors.тАЭ
