Assocham India

Govt opening food processing hub in Meghalaya: CM

Meghalaya Chief Minister Conrad K Sangma has said the government is keen on opening food processing hub in the state.

Speaking at an ASSOCHAM Innovative Financial Solutions for MSMEs, he said the state has invited Micro, Small, Medium enterprises and the financial institutions, leaders to come forward for the industry corridor development in the North Eastern states.

According to the CM, there is immense opportunity in state of Meghalaya in the following sectors like food processing, knitting, tailoring and embroidery, carpet weaving, carpentry and furniture making, leather, blacksmith and fabrication works etc.

Uday Kumar Varma, Secretary General, ASSOCHAM said, the Micro, Small and Medium Enterprises (MSME) sector has emerged as a highly vibrant and dynamic sector of the Indian economy over the last five decades. It contributes significantly in the economic and social development of the country by fostering entrepreneurship and generating largest employment opportunities at comparatively lower capital cost, next only to agriculture, he added.

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