Meghalaya is endowed with abundant natural resources in terms of flora, fauna, medicinal plants, forests, coal, limestone, feldspar, quartz, sillimanite, granite, industrial clay and uranium. They offer significant avenues for investment.
Meghalaya has a literacy rate of 62.6 per cent. The state has a strong higher education infrastructure. The state has a rich culture and is an attractive tourist destination.
At current prices, the Gross State Domestic Product (GSDP) of Meghalaya was about US$ 2.1 billion in 2008-09. The state’s GSDP grew at a CAGR of 11.8 per cent between 1999-2000 and 2008-09. Agriculture, tourism, mining, trade, construction and manufacturing industries contributed to the GSDP growth.
Over US$ 2.5 billion of investments have been made in ramping up Meghalaya’s infrastructure, as of March 2010. Over 53 percent of the investments have been made in the area of power, especially, hydroelectric power generation and distribution. Tourism, cement industry, mining, air transport and railways are also expected to receive significant investments over the coming years.State Presentation (November 2010)
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