Meghalaya Tenders –Business Opportunities in the North Eastern Hills
Meghalaya Tenders Business Opportunities in the North Eastern Hills
Despite being a small state in the north eastern part of India and is a hilly strip about and area of 22,720 square kilometers. About a third of the state has forest growth and the subtropical forests encompass the state. Biodiversity of mammals, birds, and plants make them unique. Despite being a small state, Meghalaya offers multiple business opportunities with Meghalaya tenders floated at regular intervals.
Most Promising Sectors for Meghalaya Tenders
Most promising sectors of the Meghalaya tenders are
Agriculture related tenders that include agricultural equipments, accessories, fertilizers, pesticides, and seeds.
Agriculture associated tenders like irrigation projects, diversion wires, water harvesting structures, plantations, gully filling, land bonding, land development, and such others.
Horticulture and vegetable cultivation are other important sectors of the state economy. Potato, rice, maize, banana, pineapple, and fruits are grown in plenty in the state.
Service sector of the economy is made of real estates and insurance companies.
Another sector that is important is tourism industry. Shillong, the capital is an important tourist destination in the country and is also known as the "abode of god". It is good fro trekking and enjoying natural beauties.
Naturally; the hotel industries complement the tourism industry offering good business opportunities.
Export trade related Meghalaya tenders offer good opportunities as well since the state borders Bangladesh.
Most of the Meghalaya tenders are floated in these sectors of the economy.
Major Tender Sources
Some of the major sources of Meghalaya tenders relate to
Export route sectors;
Schematic area development in the real estates sector;
Tenders related to limestone based industries;
Clay industry tenders;
Coal industry tenders;
Tenders from refractory industries;
Beverage industry tenders;
Spice oleoresins tenders relating to ginger, turmeric, tezpata and chilies;
Medicinal plants tenders;
Tourism related tenders.
Other prominent sources of Meghalaya tenders are the leather industry, IT industry, and power generation industry.
Investment Climate in the State
Investment climate in Meghalaya is one of the best and multiple supportive financial institutions are operating in the state as well. No less than 180 scheduled commercial bank branches are operating in the state. In addition the Government of Meghalaya is also providing a number of incentives for promoting trade and commerce. It is therefore natural that numerous tenders are floated at regular intervals on the web and other medium of advertisements.
Major State Incentives
Some of the major state incentives are
Transport subsidies;
Income tax and excise exemptions;
Subsidy on capital investments;
Power subsidies of around 30%;
Employment subsidies;
Refund of central sales taxes;
Subsidies on comprehensive insurances; and
Special subsidy on food processing.
Subsidiary Meghalaya Tenders
Some of the subsidiary and related sectors in Meghalaya offer good tender opportunities like the air conditioners; boilers and heaters, ceiling, flooring, plastering, aluminum, heaters, casting and fabrications; irrigation works, automobile ancillaries and chemicals in the product sector, and architecture, business consultancy, and hired automobiles in the services sector.
A store house of natural resources, Meghalaya tenders are better prospects for entrepreneurs due to absence of labor unions in the state and location based advantages of tapping the South East Asian markets.
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