Last Updated: May 15, 2014
Latest update: April, 2014
Last Updated: April, 2014
MEGHALAYA State Report | March, 2014
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 compound annual growth rate (CAGR) of 13.7 per cent between 2004-05 and 2012-13.
The state 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. Meghalaya has a literacy rate of 75.5 per cent. The state has a strong higher education infrastructure. Moreover, a majority of the local population speaks and understands English.
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.