Meghalaya Industrial and Investment Promotion Policy (MIIPP) 2024

The Government of Meghalaya introduced MIIPP 2024 as a unified investment framework to boost industrialisation, attract new investments, and steer the state towards its USD 10 billion economy goal.
The policy is aligned with the central government’s Uttar Poorva Transformative Industrialization Scheme (UNNATI) 2024 — aimed at the North‑Eastern region and offers additional advantages for units in Meghalaya.
It came into effect from 21 December 2022 and remains valid until 20 December 2034, with registration under the policy open until 31 March 2026.

Here are the features that matter, especially if you’re evaluating investment or expansion in Meghalaya.

Capital Investment Subsidy / Investment Incentives: The policy lays out subsidies for new or expanding manufacturing/service units in priority sectors.
GST / SGST / Tax Reimbursements: For eligible units, reimbursement of SGST or other tax benefits are available in the policy.
Interest Subsidy, Power / Utility Benefits: The policy gives incentives on utilities, infrastructure draw‑in (like power line draw) and interest subvention for eligible investment.
Employment Localisation Requirement: To claim full benefits, units must meet local employment thresholds: for example, 90 % of non‑managerial jobs and 50 % of managerial positions should be Meghalaya domiciles.
Land‑Bank / Infrastructure Facilitation & Ease of Doing Business: The policy emphasises creation of land banks, single‑window clearance mechanisms (via the nodal agency), and facilitation of industrial estates.

The policy identifies sectors which have strong potential for growth and thus more favourable incentives:

Manufacturing in minerals, agro‑processing, forest products, electronics, green/renewable energy.
Services such as IT/ITeS, logistics, tourism & hospitality, education, healthcare.

Your unit must register under MIIPP 2024 via the unified investment portal of Invest Meghalaya by 31 March 2026 (for incentives).
The policy applies to both new industrial units and existing units undertaking expansion/modernisation as defined in the policy.
To avail benefits you must be approved/registered — merely applying is not sufficient.
Local employment conditions must be met for full incentive eligibility: large share of jobs must go to Meghalaya‑domiciled persons.
The policy has a negative list of sectors which are not eligible for benefits; always check the detailed policy annexure.

Cost Reduction & Competitive Advantage: With subsidies, tax/SGST reimbursements, and interest/power concessions, your investment cost and operating costs drop — improving margins.
Strategic Location: Meghalaya sits in the North‑East corridor, offers access to ASEAN/North‑East India markets, and the policy aims to harness that.
Early Mover Advantage: As the policy is fairly recent and the state is proactively positioning for investments, being among early entrants may offer land, infrastructure or incentive benefits ahead of saturation.
Supportive Ecosystem: Single window systems, land bank creation, employment localisation and aligned central policy (UNNATI) make the state ecosystem more investor‑friendly.

Meeting the local employment thresholds is non‑negotiable for full benefits; if your business is heavily automated or needs external skilled labour this may be challenging.
Infrastructure readiness (land, power, logistics) in some zones of the North‑East including Meghalaya may still lag compared to major metro‑industrial states; you must evaluate site viability carefully.
Registration, approvals and compliance timelines may still face teething issues as the policy is new; factor time for clearance.
The policy is valid until 2034 but incentives/benefit caps might change over time; being early is an advantage but also ensure you lock in benefits and registration early.
Business fundamentals still matter: incentive support helps, but your market, logistics, raw materials, workforce, scale plan remain critical.