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MEGHALAYA : A NORTH EASTERN HILLY STATE IN INDIA

A“WORLD MEDIA NETWOK” PRESENTS FDI IN INDIA & SCOPE

MEGHALAYA

FOREIGN DIRECT INVESTMENT (FDI) IN MEGHALAYA

Introduction

Meghalaya is a hilly state in northeastern India. The name means “the abode of clouds” in Sanskrit. The population of Meghalaya as of 2016 is estimated to be 3,211,474. Meghalaya covers an area of approximately 22,430 square kilometres, with a length to breadth ratio of about 3:1 Formation 21 st January 1972.with 11 Districts.

MEGHALAYA Map

Districts of Meghalaya

  • East Garo Hills
  • East Jaintia Hills
  • East Khasi Hills
  • North Garo Hills
  • Ri Bhoi
  • South Garo Hills
  • South West Garo Hills
  • South West Khasi Hills
  • West Garo Hills
  • West Jaintia Hills
  • West Khasi Hills

Meghalaya Industries

Key Industries

Agriculture and food processing, floriculture, horticulture, mining, cement, tourism, hydroelectric power, handlooms, handicrafts and sericulture.
  • Turmeric produced in Meghalaya is considered to be one of the best in the world as it contains 7.5 per cent of curcumin.
  • As per State Budget 2019-20, of the two hydro projects under implementation, Lakroh SHP (1.5MW) and Ganol HEP (3×7.5 MW), Lakroh is complete and Ganol is expected to be commissioned by 2020.
  • The state also has tremendous potential for tourism. Number of tourists visiting Meghalaya increased from 839,363 in 2016 to 1,216,454 in 2018.
  • Limestone production in Meghalaya stood at 7.19 million tonnes in FY19.
^ – As per 3rd Advanced estimates

Meghalaya-FDI Investment Present Scene

“WMN”BROAD VIEW & Business Support.

“World Media Network” is helping upcoming and existing businesses to grow as the government is supporting the business in  increasing their work towards the domestic as well as international Tie-Ups. Service-oriented industries need to be promoted with direct and indirect participation for Franchising modules in the INDIA and “WMN” would help them to connect with the brands as well the investors and venture capitalists to increase the growth of the company in future.

According to Department for Promotion of Industry and Internal Trade (DPIIT), cumulative Foreign Direct Investment (FDI) inflow in Meghalaya stood at US$ 122 million, during April 2000 and September 2019.
Total merchandise export from Meghalaya was around US$ 51.09 million in FY19. Merchandise export reached US$ 31.22 million during April-December 2019.

Meghalaya & FDI Major Announcements

**Targeted Industries Key sectors**- “WMN”KEY ROLE.

“World Media Network” is playing an important role in all the categories and sectors, “WMN” is a Press Release distribution company covering over 180 countries covering twenty- five languages across the world . it has ventured into Digital News, Television, Print, Radio, Billboards, Airports, Multiplexes, Talk shows . Press releases  are based on industry standards with  timely coverages and promoting the  business development of FDI and the scope of growth in the country.

  • Some of the major initiatives taken by the Government to promote Meghalaya as an investment destination are:
  • In Budget 2020-21, State Government sanctioned Rs 400 crore (US$ 57.23 million) under Pradhan Mantri Gram Sadak Yojana.
  • Under Budget 2020-21, the state Government has proposed an allocation of Rs 199 crore (US$ 28.47 million) for urban development.
  • Under Budget 2020-21, the Government has allocated a higher amount of Rs 1,050 crore (US$ 150.24 million) for the education sector.
  • Meghalaya ranked as the fourth best performer in the implementation of Swadesh Darshan scheme.
  • The state also has tremendous potential for tourism. Number of tourists visiting Meghalaya increased from 839,363 in 2016 to 1,216,454 in 2018.
  • Limestone production in Meghalaya stood at 7.19 million tonnes in FY19.

Industrial Map

Industrial Development & Economic Growth In Meghalaya

Latest update: June, 2020

INDUSTRIEL HUB VIEW
INDUSTRIEL HUB VIEW
CEMENT PLANT IN MEGHALAYA
CEMENT PLANT IN MEGHALAYA

FDI PPT ( Attachment Area)