Meghalaya State Investment Promotion Society (MSIP) on Friday signed an MoU with Invest India, Union Ministry of Commerce and Industry in presence of chief minister Conrad K. Sangma.

“The objective of the MoU is to leverage investment opportunities in key development sectors to boost trade and industries in the State,” said chief minister Sangma, after the MoU was inked in New Delhi.

“The targets will be focussed on both short term and long term plans.  This will enhance the entrepreneurial system in the state while also focussing on promoting the One Product-One District Programme,” he added.

CM Sangma also stressed promoting trade ties with neighbouring nations by formalising the existing system and streamlining the chain on the conveyer belt.

“Invest India team will support in planning the Global Value Chain. The immediate target will be in promoting Startups alongside value addition of products like Lakadong Turmeric, Eri Silk, Mushroom, Pineapple and Jackfruit,” he said.

D Bagla, Managing Director & CEO, Invest India informed that they have already started their works through their Northeast desk by creating market linkage of Lakadong turmeric and import substitution alongside other products like Pineapple and Honey from Ri-Bhoi District.

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