Shillong, July 10 (KNN) Meghalaya Chief Minister Conrad K Sangma earlier this week launched an online platform Meghamart to ease the sale of products of local Micro, Small and Medium Enterprises (MSMEs) and entrepreneurs.

While launching the website, he said that the initiative is to develop the entire entrepreneurial ecosystem in the state and it is an effort of the government to help entrepreneurs market their products.

The objective is to provide a digital platform for local entrepreneurs and businesses of the entire north east to reach out to global markets.

The state government will soon come up with a procurement policy so that all government, military, paramilitary and private organizations purchase 20 percent of their requirements from the entrepreneurs of the state.

Created by the Meghalaya government through the Institute of Entrepreneurship under the overall theme of 'Made in North East' and 'Made in Meghalaya', the website will provide exposure and access to global markets for small and medium enterprises (SMEs) of the region, who lack formal business training or those who cannot afford a brick and mortar shop.

The platform will enable them to sell their products on a wide scale without any investment in a website of their own.

With the tagline of 'The Best of North East at your Doorstep', the online platform will allow buyers to contact sellers and directly negotiate quantities, prices and shipping, while sellers will have to register their businesses or enterprises at the website.

In 2018, Sangma had called upon MSMEs, financial institutions and leaders to come forward for the development of the industry corridor in Northeastern states. He described the large opportunities in the state for sectors like food processing, knitting, and more.