Meghalaya sets Rs 85,000-cr economic vision

CORRESPONDENT

SHILLONG: Meghalaya Chief Minister Conrad Sangma on Tuesday underscored the state’s ambitious economic vision, emphasizing private and foreign direct investment (FDI) as key drivers in achieving the Rs 85,000 crore economy goal. “Investments are a crucial part of that particular formula. Apart from the different steps that we have taken as a state in terms of policies, institutional setups, incentives, and local actions, we need the support of investors from all across the board. We need the support of international agencies. We need the support of other nations, especially keeping in mind the Southeast Asian region and the BIMSTEC region,” he said.

Speaking at the 7th Act East Business Show 2025, Sangma reinforced that Meghalaya is steadily preparing itself for large-scale investments. “One cannot say that we are absolutely ready today, but the point is that a lot of work has gone in over the last six years to move in that direction. We are in a much better position today than we were many years back, and we need to keep investing in it. I would say that we are in a very strong and very good position. A lot of work still needs to be done, but I think compared to what the situation was six or seven years back, Meghalaya is in a much better position today.”

He stressed that while summits like these bring opportunities, their real impact lies in long-term partnerships. “With the inputs that we received from so many of our dignitaries, you can make out the importance of a programme like this. And hence, I’m very happy, even though it was quite long. I’m very happy that we had representatives from all the different countries participating, who got an opportunity to share their ideas. The people here participating could get a very strong sense of what we are trying to do. Having said that, what is most important for us as a state government and as a nation is the strong partnership that we’ve built. I always believe that these events will come and go, but what is important for us is not necessarily that everything will happen in this one event. We have to be practical when we move forward. The partnerships, the understanding, the bonding, and the friendship that we develop through programmes like this should be the most important takeaway from this programme.”

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