Meghalaya tourism

SHILLONG:

The Central Government, State and the New Development Bank (NDB), on July 10, signed an agreement to fund the Meghalaya Ecotourism Infrastructure Development Project (MEIDP), an Externally Aided Project (EAP) with a total project  cost of $98.80 million (equivalent to ₹731 crores), of which $79.05 million is being supported by the NDB. For EAPs being implemented in the Northeastern states, the Centre has passed 90 per cent of the funding as grants, while only 10 per cent of the total amount will be borne by the State.

The Meghalayan Age Limited (MAL), a state government company under the aegis of the Planning Department spearheads the MEIDP, aiming to construct cutting-edge infrastructure that will elevate the tourism industry in the state generating substantial revenue and propelling the economy to unprecedented growth.

The infusion of funds will help Meghalaya witness the construction of state-of-the-art infrastructure that complements its breathtaking landscapes, cultural heritage, and diverse flora and fauna. The endeavour will serve as a catalyst for job creation by opening numerous employment opportunities across various sectors, including hospitality, travel services, and local businesses.

 

The tripartite collaboration between the Government of India, the State Government and NDB exemplifies a shared commitment to sustainable development and inclusive growth.