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.
Meghalaya, with an average annual rainfall of 1,150 cm, receives the highest amount of rainfall in the country. The diverse range of soil types, including red-loamy and laterite, support various agricultural crops like rice, maize, pulses, oilseeds, cotton, jute and mesta.
Passenger traffic at Barapani airport, Meghalaya reached 12,957 in 2017-18. Passenger traffic during April 2018-January 2019 stood at 11,654.
Meghalaya has an installed capacity of 394.27 MW for hydroelectric power as of January 2019. The potential for hydropower (above 25 MW) in the state is estimated to be 2,298 MW.
The natural resources, policy incentives and infrastructure in the state favour investments in the tourism, hydroelectric power, manufacturing and mining sectors. Minerals and mining, agriculture and horticulture and tourism have been identified as the thrust sectors for industrial development.
Some of the major initiatives taken by the government to promote Meghalaya as an investment destination are: