Meghalaya offers tremendous investment opportunities

Mumbai, Aug 29 (UNI) Meghalaya has tremendous investment opportunities that lay in its resource endowments, Chief Minister Dr Donkupar Roy said here today.

The Meghalaya Chief Minister, addressing an interactive business meeting organized by the All India Association of Industries (AIAI) and the World Trade Centre here said, ''There are a number of potential sectors that have been identified such as Minerals Based Industry, Horticulture&Agro based Industry, Power, Tourism, Health care, education, IT, cement industry and others.'' Dr Roy said, ''The potential for agro-based industries in the state of Meghalaya is phenomenal. Tourism has been considered to be the gateway to economic development of the State. The State is also quite rich in natural resources like coal, uranium and is the only state with surplus power generation. There are extensive deposits of coal, limestone, granite, clay and other minerals. The quality of limestone found here varies from cement grade to chemical grade having three brands as well and can be of use in steel, fertiliser and chemical industries.'' Given the enabling environment free from militancy and terrorism, the Government of Meghalaya has undertaken several policy measures and incentives in order to encourage inflow of investment into the various sectors of its economy, he said. The Government is considering setting up of IT education and other service industries taking into account the population of the educated people in Meghalaya, Dr Roy said.

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