Meghalaya Government has always endeavoured to set
up the right kind of business climate to motivate investments in the State.
In order to attract investment to the various sectors and thus contribute
to the development of the economy as a whole, the Government of Meghalaya
has made several policy announcements. These policies have unveiled a
roadmap and graphed a trajectory for bolstering the industrial climate
of the State through a package of investment incentives and schemes for
the investors.
The major being the industrial
policy,which had been announced with a view to take advantage of the
liberalised economic scenario in the country and also
to keep pace with development in the national industrial sector. The objectives
of the policy have been: -
- Generate employment opportunities
for the local people in the industries and allied sectors.
- Develop human resources and bring
about improvements in the quality of life by promoting industries in
sectors where the state has comparative advantage.
- Achieve a balanced and growth oriented
development covering the entire state through promotion of village
and small scale industries.
- Create a conducive environment for
industrial development by creation of the basic Infrastructural facilities
and by setting up of industrial areas, growth centre and export promotion
industrial park.
- Encourage the setting up of selective
medium and large industries by utilising the resource base of the
state thereby ensuring sustainable industrial growth but compatible
with ecological imperatives and hence encourage positive efforts towards
the regeneration of the environment.
- Provide preference to local Entrepreneurship
in setting up of large, medium and small-scale units.
- Promote local interests through
joint ventures with external investors so as to facilitate technology
transfer and capital flow by a package of suitable incentives.
- Encourage need based development
of local entrepreneurial skills through intensive motivation and training
programmes at district, Sub-division and block levels.
- Provide guidance to prospective
entrepreneurs by building up a data bank of project-profiles and other
connected information.
- Simplify rules and procedures by
providing a single-window clearance facility at the District Levels
for the Small Scale Sector and at the State Level for Medium and Large
Scale Industries.
- Promote the setting up of ancillary
units for catering to the requirements of large and medium scale industries.
- Identify sick units that can be
made viable and provide a comprehensive package of assistance for
their revival.
- Promote and encourage high-value,
low-volume products, in view of the transportation-bottlenecks in
the State.
- Encourage setting up of export-oriented,
Agro based, Mineral-based, Horticultural based and Electronic units
as thrust area.
Another important policy is the information
technology policy, which aims to make information technology a tool
for attaining all round development in the State and to fully participate
in the IT revolution to bring prosperity to the people. In order to actualise
the vision and mission, the Government's thrust is to make information
technology the vehicle for productive growth in the State, classified
into three categories, namely:-
(i) IT as an aid for developmental;
(ii) Developmental activities leading to IT realted
growth;
(iii) Improved performance in governance and administration.
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