Meghalaya Abode of Clouds
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NOHSNGITHIANG FALLS IN EAST KHASI HILL DISTRICT, MEGHALAYA MEGHALAYA ABODE OF CLOUDS For updated information, please visit www.ibef.org March 2018 Table of Content Executive Summary……………….….…..3 Advantage Meghalaya……………………5 Vision 2020 ………………………………..6 Meghalaya – An Introduction….…….……7 State Budget……………………….....……18 Infrastructure Status.................................19 Business Opportunities …….……....……32 Doing Business in Meghalaya…...….......49 State Acts and Policies…….……….........51 EXECUTIVE SUMMARY … (1/2) Highest GSDP among . Meghalaya’s GSDP stood at US$ 4.59 billion in 2016-17. The state’s GSDP grew at a CAGR of 6.81% between Northeast states 2011-12 and 2016-17. State with the highest . Meghalaya, with an average annual rainfall of 1,150 cm, receives the highest amount of rainfall in the country. The diverse range of soil types, including red-loamy and laterite, support various agricultural crops like rice, rainfall maize, pulses, oilseeds, cotton, jute and mesta. With a vascular plant diversity of 3,331 and more than 300 varieties of orchids, Meghalaya has a strong Strong floriculture sector floriculture sector and is one of the leading states in the Northeast in terms of production and supply of cut flowers to mainland consumer markets. Strong bamboo . About 14% (3,108 square kms) of Meghalaya is covered by bamboo forests and the state is one of the processing sector leading bamboo producers in the country. Source: : Directorate of Economics and Statistics of Meghalaya, Central Statistics Office, Government of Meghalaya, Department of Agriculture 3 MEGHALAYA For updated information, please visit www.ibef.org EXECUTIVE SUMMARY … (2/2) Strong potential of . Of the 6,000 medicinal plants in India, 834 plants, including the famous Himalayan Yew, are in Meghalaya. Moreover, the state has 8 of the top 20 medicinal plants that are traded in the country and are in high medicinal plants industry demand. Large hydroelectric . Meghalaya had an installed hydroelectric power capacity of 387.19 MW as of February 2018. The potential for power potential hydropower in the state is estimated to be around 3,000 MW. Meghalaya, with abundant deposits of coal, limestone, kaolin feldspar, quartz, granite, industrial clay and Strong mining sector uranium and a small deposit base of sillimanite, bauxite, base metals and apatite; has great industrial potential. Tourist destination . Meghalaya, one of the most picturesque states in the country, has 2 national parks and 3 wildlife sanctuaries. It offers many adventure tourism opportunities like mountaineering, rock climbing, hiking and trekking, water sports, etc. Source: : Central Electricity Authority, Ministry of Tourism 4 MEGHALAYA For updated information, please visit www.ibef.org ADVANTAGE MEGHALAYA GSDP Conducive agro-climatic conditions Policy and fiscal incentives Per Capita . Meghalaya has favourable agro-climatic conditions that . In addition to the central government’s incentives for GSDP support agriculture, horticulture and forestry; there is investments in the northeast region, the state offers a GSDP at potential for development in related areas. host of industrial incentives. Per capita current . The state has abundant natural resources, which offer . Agro-processing, horticulture, minerals, tourism, GSDP at prices grew significant avenues for investment. electronics and IT have been identified as thrust current at a CAGR sectors for development and promotion. prices grew of 6.81% . In June 2017, the state government passed the GST at a CAGR between bill. The commodities used by the poorest section of of 4.93% 2011-12 and society to be considered at the lowest rate. between 2016-17. 2011-12 and Advantage 2016-17. Meghalaya Rich labour pool Institutional support . Meghalaya has a literacy rate of 75.48%. The state provides excellent institutional support through various central and state government . The state has a strong higher education infrastructure. agencies, namely North East Council, Ministry of . Moreover, a majority of the local population speaks and Development of Northeastern region, and Meghalaya understands English. Industrial Development Corporation. 5 MEGHALAYA For updated information, please visit www.ibef.org MEGHALAYA VISION 2030 • Responsive governance. • Speedy clearances. • To provide education, healthcare and • Availability of land, water and power employment opportunities to for rapid industrialisation. vulnerable sections of society. • Undertake measures to attract • Woman empowerment. investments. Ensuring • To improve formal education opportunities to Empowerment of • To open up rural roads. system. vulnerable people for inclusive • To set up cold storage • To draw up and implement section of growth facilities. population • To promote market facilities plan schemes. Capacity for farmers. • To ensure responsive and development of Promoting market • To bring capacity to market friendly governance. people and friendly policies and institutions Vision institutions undertake organic farming. 2030 Infrastructure Sustainable development based • To improve agricultural • To build an efficient development for on comparative productivity. network of transport. manufacturing and • To ensure balanced use of markets Expanding trade advantage • To ensure state of the art fertilisers. infrastructure. and investments • Adoption and promotion of scientific methods of • To ensure regular and cultivation. quality power supply. • Significant expansion of • To provide access to • To modernise Chittagong port. irrigation. Chittagong port. • To build border trade infrastructure. • To develop diplomatic initiatives. Source: National Institute of Public Finance and Policy 6 MEGHALAYA For updated information, please visit www.ibef.org MEGHALAYA FACT FILE . Meghalaya has diverse soil types including red-loamy, laterite, red and yellow soils. These soils have fine textures ranging from loam to silty-loam and alluvial soils. These types of soils support a variety of agricultural crops. Shillong, Sohra, Tura Jowai, Nongstoin, Williamnagar, Nongpoh and Baghmara are some of the key cities in the state. Parameters Meghalaya Source: Abhijitsathe Capital Shillong Geographical Area (sq km) 22,429 . Meghalaya is located in the Northeast of India. The state shares its Administrative Districts (No) 11 border on the north and east with Assam and on the south and west with Bangladesh. Population Density (persons per sq km) 132 . English is the official language of Meghalaya. Khasi, Pnar and Garo Total Population (million) 2.97 are the other principal languages. Male Population (million) 1.49 . Meghalaya is the wettest state in the country with an average annual Female Population (million) 1.48 rainfall of 1,150 cm. It has numerous rivers, the major ones being Sex Ratio (females per 1,000 males) 989 Manda, Damring, Janjiram, Ringge, Ganol, Simsang, Khri, Umtrew, Umiam, Umkhem, Kupli, Kynshi, Umiam Mawphlang and Umngot. Literacy Rate (%) 75.48 Source: Government of Assam, Census 2011 7 MEGHALAYA For updated information, please visit www.ibef.org MEGHALAYA IN FIGURES … (1/2) Parameter Meghalaya All states Source Economy 2016-17 2016-17 GSDP as a percentage of all states’ GSDP 0.19 100.0 Central Statistics Office GSDP growth rate (%) 10.55 11.52 Central Statistics Office Per capita GSDP (US$) 1,373.5 1,709.39 Central Statistics Office Physical Infrastructure Installed power capacity (MW) 558.37 334,146.91 Central Electricity Authority, as of February 2018 Telecom Regulatory Authority of India, as of Wireless subscribers (No) 12,796,167 1,151,936,422 January 2018 Telecom Regulatory Authority of India, as of Internet subscribers (No) 5,190,000 445,960,000 December 2017 National Highway length (km) 1,204 115,435 NHAI and Roads and Building Department Airports (No) 1 125 Airports Authority of India 1Combined figures for the Northeast states comprising Arunachal Pradesh, Assam, Meghalaya, Manipur, Nagaland, Sikhim, Tripura 8 MEGHALAYA For updated information, please visit www.ibef.org MEGHALAYA IN FIGURES … (2/2) Parameter Meghalaya All states Source Social Indicators Literacy rate (%) 75.48 73.0 Census, 2011 Birth rate (per 1,000 population) 23.7 20.4 SRS Bulletin Investments 1 Department of Industrial Policy and Promotion, FDI equity inflows (US$ billion) 0.104 368.05 From April 2000 to December 2017 1FDI inflows for RBI’s (Reserve Bank of India’s) Guwahati-region, which includes Assam, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland and Tripura 9 MEGHALAYA For updated information, please visit www.ibef.org ECONOMIC SNAPSHOT – GSDP . At current prices, Meghalaya’s total GSDP stood at US$ 4.59 billion GSDPVisakhapatnam of Meghalaya atport current traffic prices (million (in tonnes) US$ billion) during 2016-17. The state’s GSDP grew at a CAGR of 6.81% between 2011-12 and 5 CAGR 6.81% 2016-17. 4.5 4.59 4 4.15 3.5 3.78 3.56 3 3.39 3.09 2.5 2 1.5 1 0.5 0 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 Source: Directorate of Economics and Statistics of Meghalaya, Central Statistics OfficeGSDP* - Central Statistical Organisation 10 MEGHALAYA For updated information, please visit www.ibef.org ECONOMIC SNAPSHOT – NSDP . At current prices, Meghalaya’s total NSDP stood at US$ 4.11 billion NSDPVisakhapatnam of Meghalaya atport current traffic prices (million (in tonnes) US$ billion) during 2016-17. The state’s NSDP grew at a CAGR of 6.63% between 2011-12 and 4.5 CAGR 6.63% 2016-17. 4.0 4.11 3.5 3.73 3.0 3.41 3 3.1 3.1 2.5 2.8 2.0 1.5 1.0 0.5 0.0 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16