Chief Minister Conrad K Sangma on Saturday said Meghalaya is set to attract private investments amounting to Rs 8,000 crore in the current fiscal, attributing this to a new industrial policy aimed at transforming the state into a USD 10 billion economy. "The investment in Meghalaya is an outcome of the new industrial policy that has created an ecosystem for ease of doing business," he said while addressing a workshop on the Human Development Leadership Programme in Tura.
Chief Minister Conrad K Sangma announced that Meghalaya will attract Rs 8,000 crore in private investments this fiscal year due to a new industrial policy. The policy aims to simplify business processes, boosting investor confidence. Key investments include a thermal power plant, an ethanol plant, and several hotel projects.
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