We need to streamline policies that attract investments: Meghalaya CM

Shillong, May 29: Meghalaya Chief Minister Conrad Sangma on Friday, conveyed a meeting of the six working groups of the Economic Task Force on COVID. 

Following the meeting, he said that the six working groups of the Task Force will work in tandem to draw up a systematic and synergistic plan for reviving the economy of the State and create an enabling environment for trade and businesses to flourish. 

He also emphasised on the need to streamline policies for ease of doing business, so as to attract investments linked to creation of job opportunities and promotion of local business entity. 

“We have to think of attractive industrial policies vis-a-vis streamline the single window clearance and ensure that investment are made in areas that would leverage the opportunities of business in sectors like agriculture, animal husbandry, IT and Tourism,” said the Chief Minister.  

He also said that it was essential to kick start the rural economy to enable livelihood of the people and ensure grass root economic growth, and added that projects of the State should be completed in time. 

Speaking at length on the potential of power sector, the Chief Minister also informed that emphasis should be laid to harness energy and attract investment in the sector. He also said that Meghalaya has the potential to harness about 3000 MW, which is the key element for infrastructure development in the State. 

Mechanisms to empower small businesses with loans from State owned banks like Meghalaya Cooperative Apex Bank (MCAB) and Meghalaya Rural Bank (MRB) were discussed at the meeting and the Working Group will be presenting a model on this in the upcoming sittings.

The meeting also discussed on “plug and play” model for promotion of different business including Start Ups. The Techno Park in Shillong is in final stage of completion and the meeting discussed on how the infrastructure can be made available for business in the field of IT enabled services. 

Principal Secretary D.P. Wahlang, who is the chairman of the Working Group said that  professionals and experts from different fields have been roped in to devise a strategy for short, medium and long term business model for creation of job and opportunities. 

“In a months time a vision document on investment will be tabled before the task force that would prioritise infrastructure projects that would primarily linked to attract investors from rest of the country and the world, Wahlang said. 

Chief Secretary M. S. Rao, Commissioner and Secretary M. R. Synrem, D. Vijay Kumar, former Chairman of UPSC David Symlieh, Chairman of Farmers Commission K N Kumar, and other members included Shishir Bajoria, Gaurav Gupta and NEC Secretary K. Moses Chalai were present in the meeting.

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