Meghalaya Industrial Policy 1997

State Government welcomes the advent of advanced technologies and external investments, preferably in the joint sector, which would promote the economic development of the region.
State Government considers the public sector as an important agency to promote social justice and balanced growth. However in the context of on-going changes in the policies of the Government of India, the need for mitigating the growing unemployment, and constraints on budgetary resources, State Government welcomes private sector investment for rapid industrialisation and accelerated growth in the State. To encourage industrialisation along these lines. Government would provide need based budgetary support where required.
Along with the public and private sectors, the state Government looks upon the joint and assisted sectors as well as for mobilisation of necessary resources and expertise in vital areas of economic activity.
State Government recognises that improvement and up gradation of industrial infrastructure is essential for accelerated growth of industries. Emphasis would be on improvement in roads, construction and up gradation of airport, construction of ropeways, improvement in communications and power supply and development of export promotion industrial park and growth centres with al connected facilities.
State Government would expedite suitable approval under the Meghalaya Land Transfer Act so as to facilitate investment in the Industrial sector.
In case of sick/closed industrial units, State Government would assist in conducting diagnostic studies to enable a view to be taken, within a specific time frame regarding the future of such units.
State Government has set up a Single Window Agency under the Chairmanship of the Chief Secretary to provide time-bound decisions and clearances in respect of investment proposals. The Government will also constitute similar district level Committee (s) for the concerned District (s) under the chairmanship of the Deputy Commissioners to ensure quick decision making for enabling effective setting up of industries.
State Government has decided that Meghalaya Industrial Development Corporation (MIDC) will provide escort services for the large and medium scale Industries under suitable terms and conditions.
In order to develop human resources through the upgradation of skills, training institutions would receive due attention. Association of Private Sector in this important activity would be encouraged.
Government will provide suitable assistance to prospective or deserving entrepreneurs (s) for gaining knowledge about advanced technologies as also acquiring training for the same.