By India Blooms News Service May 22, 2023
Shilliong/IBNS:Meghalayas State Government, in collaboration with the Ministry of Development of North-Eastern Region (DoNER), successfully organized an investors roundtable in Shillong.
The main objective of the event was to showcase the emerging investment prospects in Meghalaya and the Northeast Region. The roundtable was a resounding success, with attendance from various government officials, industry leaders, and investors, reporetd The Shillong Times.
FICCI, EY, and Invest India were the industry, knowledge, and investment facilitation partners, respectively.
During the event, Chief Secretary D. P. Wahlang highlighted the positive outlook for entrepreneurs in Meghalaya, emphasizing the governments commitment to attracting new investments. He mentioned that there are immediate investment opportunities available in sectors such as tourism, urban development, international schools, medical tourism, thermal-power generation, and information technology.
The government aims to support investors through improved infrastructure, better connectivity, and a willingness to facilitate business dynamics.
R. M. Mishra, Secretary and Executive Chairman of the State Investment Promotion Board, expressed gratitude for the fruitful meeting of minds and the enthusiasm of investors. He stated that the commitment of start-ups, businesses, and stakeholders will contribute to changing the investment ecosystem in Meghalaya.
Dr. Joram Beda, Commissioner Secretary of the Planning, Investment Promotion and Sustainable Development Department, highlighted the advantage factors of investing in Meghalaya.
The state has implemented reforms to improve the ease of doing business, including initiatives like the Single Window System (SWS), which promotes a business-friendly environment in sectors such as tourism, agriculture and food processing, sports, health, education, handloom, handicrafts textile, and IT/ITES.
Lok Ranjan, Secretary of the Ministry of DoNER, emphasized how states like Meghalaya are driving development in the Northeast region.
He mentioned the regions potential for investors, supported by government initiatives and improved infrastructure in roadways, airways, railways, and IT infrastructure.
Harpreet Singh, Joint Secretary of the Ministry of DoNER, highlighted the potential of the northeastern states to attract investors across various sectors.
He expressed optimism that investors would continue engaging with the state government and the Ministry of DoNER, providing opportunities for investment beyond the focus sectors.
Overall, the investors roundtable in Meghalaya showcased the states investment prospects, highlighted government support, and emphasized the conducive business environment in the Northeast region, encouraging investors to explore opportunities in various sectors.