Meghalaya set to attract pvt investments worth Rs 8K cr: CM Conrad Sangma

Chief Minister Conrad K Sangma on Saturday said Meghalaya is set to attract private investments amounting to Rs 8,000 crore in the current fiscal, attributing this to a new industrial policy aimed at transforming the state into a USD 10 billion economy. "The investment in Meghalaya is an outcome of the new industrial policy that has created an ecosystem for ease of doing business," he said while addressing a workshop on the 'Human Development Leadership Programme' in Tura. Discussing past policies that discouraged investors, Sangma noted, "The system was tedious and time-consuming. Our new industrial policy has provided a framework to give clearance to different statutory requirements within a specified time frame, which is facilitating investors". He revealed that nearly Rs 4,000 crore in investment has been secured in the past year alone. This includes a Rs 2,500-crore thermal power plant to generate 450 megawatt of electricity, an ethanol plant, a beverage manufacturing unit, and