Meghalaya becoming the next IT and investment hub?
First Published: 25th May, 2024 15:41 IST
Companies are shifting their focus from Hyderabad and Bengaluru and are looking at investing in Meghalaya, CM Conrad Sangma said.
Is Meghalaya becoming the next IT and investment hub? Well, this is what Chief Minister Conrad K Sangma and his government is working towards and hoping to achieve.
Addressing a workshop on Human Development Leadership Programme in Tura, Chief Minister Sangma said, “The Shillong IT Park has provided jobs to more than 3000 youth directly and indirectly and many more companies have expressed their keen desire to setup BPOs in the state. Companies are now shifting their focus from cities like Bengaluru and Hyderabad to our state, as they know that we have the human resource and the capacity. Our people have good command over languages, and work ethics, which is an added advantage.”
The Chief Minister added that the administration is working on a strategy to assure economic development through increased investment in infrastructure projects.
“In the last five years, the government has charted out the road map. We are making investment in different social sectors with particular focus on education, health, power and rural development,” he said.
Talking about the investment prospects of the state, the CM said that Meghalaya is attracting an investment of Rs 8000 crore from the private sector of which about Rs 4000 crore has been invested in the last year, including a Rs 2500 crore thermal power plant to create 450 megawatts of energy, an ethanol plant, beverages, and a five-star hotel chain.
On boosting IT connectivity in the state, CM Sangma informed that government is engaging with Malaysian and Bangladesh telecom to lay submarine cable lines. “The optical fibre connection will further boost the IT enabled service sector”, he said.
The CM said that the growing interest of private sector to invest in the state is the outcome of the new industrial policy that has created an ecosystem for ease of doing business. “Earlier, the system was tedious and time consuming. Our new industrial policy has provided a framework to give clearance to different statutory requirement within a specified time frame, which is facilitating investors”.
COMMENTS
TOPMOST STORY NOW
Live Imphal-Andro Bad Road Issue: Protestors Cut Power Supply to Manipur Secretariat
26th July 2024Live Meghalaya Pressure Groups Stop Vehicles from Assam from Entering State, 10 Arrested; Additional Forces To Be Deployed
26th July 2024Live Sikkim MP Indra Hang Subba meets Union Education Minister Dharmendra Pradhan, Seeks CBSE Affiliation for State’s Indigenous Languages
26th July 2024Live Assam Rifles Commemorates 25th Kargil Vijay Diwas with Exhibition and Documentary Screening in Manipur
26th July 2024WE RECOMMEND
Meghalaya Pressure Groups Stop Vehicles from Assam from Entering State, 10 Arrested; Additional Forces To Be Deployed
Pressure Groups have been checking work permits of migrant workers and stopping outside vehicles from entering Meghalaya
26th July 2024Parallel Administration Running in Meghalaya?
Despite CM Conrad Sangma urging pressure groups not to take law in their own hands, members of these groups are stopping outside vehicles and checking papers of migrant workers
26th July 2024Meghalaya: Fresh Incident Of Petrol Bomb Attack Reported From State, Location Just 3 Kms From State Secretariat
This was the 10th such incident reported in the state since April 3, raising serious questions about the state's law and order situation
25th July 2024Work Permit, ILP Issue: Pressure Mounts on Conrad Govt as Ally UDP too Speaks Up
"We cannot allow this kind of illegal influx into the state. This is very alarming for the state and the people of the state," said UDP Chief Metbah Lyngdoh
25th July 2024UDP Demands Stricter Enforcement of Laws to Curb Illegal Labour Influx in Meghalaya
UDP Chief Metbah Lyngdoh emphasized that the state government must implement the existing regulations rigorously to address this issue effectively
25th July 2024