Meghalaya secured Rs 56 crore investment projects in FY21

Shillong, May 21 (KNN) In the financial year of 2020-21, the state of Meghalaya attracted new investment projects valued at Rs 56.36 crore, as per a recent study. 

While Rs 10.58 crore worth projects were completed in the state during the same period.

According to the finding of the study by the MSME Export Promotion Council and technology firm BillMart FinTech the state, which is logistically central for trade with countries such as Bangladesh, Bhutan and Myanmar, is attracting investment in food processing, horticulture, tourism and mineral-based industries.

The report was released on Friday and presented to the state government.

Both the organisations have agreed to provide support to about 50 potential entrepreneurs to start their own enterprises in a year.

Addressing the launch of the report, MSME EPC chairman AL Hek said that the food processing industry currently accounts for only 10 per cent of the total agriculture produce of the state, which needs to be expanded.  (KNN Bureau)