Business studies (054) Art integrated learning activity
WHY INVEST IN MEGHALAYA- Business Opportunities Meghalaya is one of the states in India covering an area of approximately 22,429 square kilometres, out of this area about 70% of the state is forested. The Meghalaya subtropical forests eco region encompasses the state; its mountain forests are distinct from the lowland tropical forests to the north and south. Meghalaya has predominantly an agrarian economy with a significant commercial forestry industry. Meghalaya's gross state domestic product for 2012 was estimated at 16,173 crore (US$2.5 billion) in current prices. The state is geologically rich in minerals. The state has about 1,170 km (730 mi) of national highways. It is also a major logistical centre for trade with Bangladesh. Meghalaya has a ideal location advantage for South East Asia Market. The neighbouring countries of India viz Bhutan, Bangladesh, Myanmar has been involve with the state for business and commerce. It has a huge potential to reach other south asian countries as well. Meghalaya is also geographically rich in minerals and has the potential for industrial setups based on these mineral resources. Above all the Meghalaya Industrial Policy is framed for the ease of doing business and increase trade and commerce. The added advantage being the climate in Meghalaya is good for the development of electronics chips. Types of Industry that can be ideally setup in the state are Mineral based Industry, Horticulture and Agro -Based Industry, Electronics and Information Technology, Export Oriented Units, Tourism and besides these the recent development in the state has seen many upcoming service sectors on customer service, real estate’s etc. The Department of Commerce and Industries provides various types of State Incentives for the established Industrial Setup.
Road Network Meghalaya has a road network of around 7,633 km, out of which 3,691 km is black-topped and the remaining 3942 km is gravelled. The state has couple of national highways running through it viz NH 40, NH 44, NH 51 and NH 62. Railway Meghalaya has a railhead at Mendipathar and regular train service connecting Mendipathar in Meghalaya and Guwahati in Assam. Guwahati is the nearest major railway station connecting the north-east region with the rest of the country through a broad gauge track network. Aviation The state has an airport at Umroi which is at a distance of 30 kilometres from Shillong. There is also a helicopter service connecting Shillong to Guwahati and Tura. Baljek Airport near Tura became operational in 2008. Other nearby airports are in Assam, Borjhar, Guwahati airport, about 124 kilometres (77 mi) from Shillong.
About EODB Ease of Doing Business (EoDB), an index published by the World Bank which is a benchmark study of regulations. The study consists of a questionnaire which centers on a simple business case that ensurescomparability across economies and over time. The survey also bases assumptions on the legal form ofthe business, size, location, and nature of its operations. The ease of doing business index is meant to measure regulations directly affecting businesses and does not directly measure more general conditions such as a nation's proximity to large markets, quality of infrastructure, inflation, or crime. Investment opportunities: 1. Infrastructure Meghalaya though itself one of the young and the small State in the country has a long international boundary of 443 kms with Bangladesh which sets a unique advantage of setting up of industries based on demand in the country. All units will have a advantage on account of low cost of product transportation 2.Industry sector Traditionally, Meghalaya has largely been an agriculture and allied services based (primary sector) economy with nearly 70% of its population dependent on land. For growth of an industrial base, there has been a substantial shift from the primary to secondary Sector
Location Industrial Growth Area Estate Centre EPIP/Indus INFRASTRUCTURE Area In Areas In trial Area Acres Hectares In Acres. Shillong 6.8 36.00 259.00(EPI P)51.00 Tura 19.83 Extended Area Industrial Infrastructure in Meghalaya Jowai 14.56 109.67(IA) Meghalaya though itself one of the young and the Williamna 15.30 small State in the country has a long international gar boundary of 443 kms with Bangladesh which sets a unique advantage of setting up of industries based MendiPat 7.00 on demand in the country. All units will have a har advantage on account of low cost of product Nongstoin 10.00 transportation. To obviate the problem of prospective entrepreneurs in acquiring site for Byrnihant industries, Industrial estates and Areas have been created with many more to come up in near future. The following are the list of Industrial Estate in the state. Umiam
INDUSTRY SECTOR Industry Focus Areas Traditionally, Meghalaya has largely been an The following areas have potential for industrial growth:- agriculture and allied services based (primary sector) economy with nearly 70% of its population dependent Mineral based industries (Lime, Hydrated Lime, Calcium on land. For growth of an industrial base, there has Carbonate, Calcium Carbide, Coal Briquette, Low Ash been a substantial shift from the primary to secondary Coke, Tiles, Earthen Ware, Stone Ware, Fire Bricks) Sector. Agro and Horticulture Processing During the recent years, the industry and mining sector , and thus the secondary sector have been growing Processing of Plantation Crops and contributing at a very healthy rate to the state’s GDSP. The sectoral growth rates for the state over the Handloom and Handicrafts last ten years indicate the beginning of the structural transformation in the Tissue Culture and Biotechnology Spices, Olio-resins and Essential Oils Units Animal Husbandry and Meat Processing Units
Thanking you Submitted by – Submitted to – Viyom Govil Abhinav Tyagi Tanya parihar ( PGT Business Studies) Unnati Yash Bhardwaj School – St . Thomas school Class – XII- C Indirapuram
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