Meghalaya to attract ₹8k-cr investments after new policy: CM

Shillong: Chief minister Conrad K Sangma has said Meghalaya is projected to attract substantial private investment of Rs 8,000 crore, which would help the state realise the dream of becoming a 10 billion US dollar economy.He was speaking at a workshop on human development leadership in Tura on Friday. “The investment in Meghalaya is an outcome of the new industrial policy that has created an ecosystem of ease of doing business,” he said at the programme, which was attended by DCs, BDOs and other district and block-level officers from the five districts of Garo Hills.Talking about policies that previously discouraged investors, he said, “It was a tedious and time-consuming system. 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 said close to Rs 4,000 crore investment has come through in the last one year, which includes a Rs 2,500 crore thermal power plant to generate 450 megawatt electricity, ethanol plant, beverages and five-star hotel chains.On boosting IT connectivity in the state, he said the govt is engaging with Malaysian and Bangladesh telecom firms to lay submarine cable lines. “The optical fibre connection will further boost the IT-enabled service sector,” he said.

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Which countries recognise Palestinian state?

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