October 21 , 2013
Latest update: August, 2013
Last Updated: August, 2013
MEGHALAYA State Report | August, 2013
Meghalaya is located in the Northeast of India. The state shares its border on the north and east with Assam and on the south and west with Bangladesh.
The state has favourable agro-climatic conditions, which support agriculture, horticulture and forestry. It has abundant natural resources, which offer significant avenues for investment.
At current prices, Meghalaya’s gross state domestic product (GSDP) was about US$ 3.4 billion in 2012-13. The state’s GSDP expanded at a CAGR of 13.7* per cent between 2004-05 and 2012-13.
Meghalaya provides excellent institutional support through various central and state government agencies, namely North East Council, Ministry of Development of North Eastern Region, and Meghalaya Industrial Development Corporation.
In addition to the central government’s incentives for investments in the northeast region, the state offers a host of industrial incentives. Agro-processing, horticulture, minerals, tourism, electronics and IT have been identified as thrust sectors for development and promotion.