Meghalaya, literally ‘the abode of clouds’ is an extremely
beautiful state of the north-east India. This mountainous region is
situated on the center of a high plateau.
Land area: 22,429 sq. km.
Population: 1.8 million
Capital: Shillong
Per Capita Income: Rs 6,136
Inflation Rate: 9.1%
The state has a relatively good local
administration and a huge surplus of power and one of the lowest power
tariffs in the country. The main drawbacks of this state are the poor
road and telecommunications connections with the rest of the country.
Forest based industries, agro processing, meat processing, power,
minerals and electronics are on the states priority list.
Incentives:
- Investment subsidy of 15% (up to Rs 350,000) of fixed assets for
small-scale units
- Investment subsidy of 30% of fixed assets (up to Rs 2,000,000)
for medium and large-scale industries
- An additional 5% capital investment subsidy (up to Rs 500,000)
for 100% EOUs
- 90% transport subsidy for procurement of raw materials up to the
Siliguri rail-head
- Power subsidy of 30% on loads up to 2.5 MW for medium and
large-scale units
- 5-year income tax holiday for new industrial units set up in the
Northeast
- Sales tax exemption (up to 9 years) on finished goods for small
scale units
- 20% rebate on the cost of training local tribals, provided the
trainee is employed by the unit
