Meghalaya Industrial & Investment Promotion Scheme, 2016 (MIIPS)

With view to promote investment in the State of Meghalaya thereby generating employment opportunities through offering of subsidies/incentives, the scheme was notified and came into effect from the 21st day of December, 2012 and shall remain in force upto and inclusive of 20th day of December, 2022. It is applicable to ‘new industrial unit’ which commenced commercial production/operation on or after the 21st day of December, 2012 but not later than 20th day of December, 2022. It is also applicable to ‘existing industrial unit’ which commenced commercial production before the 21st day of December, 2012 but which undergoes substantial expansion on or after the 21st day of December, 2012 but not later than 20th day of December, 2022. Besides industrial unit, the scheme also extends to (i) Hotel (not below 2 Star category) (ii) SPA units and self identified Tourism Projects approved by Government (iii) Amusement Parks (not less than 10 different mechanical rides and investment in Equipments not less than 500.00 lakh, area of the park should not be less than 10 acres) (iv) Film Studio (investment in Equipments not less than 100.00 lakh (v) Film city with investment not less than 10.00 crore (vi) Acoustic Auditorium with investment not less than 10.00 crore (vii) Nursing Home (with minimum 25 beds) (viii) Super-speciality Health Care with diagnostic Centre where investment in equipments is not less than 5.00 crore (ix) Food & Fruit processing (x) Tea processing (xi) Rubber processing (xii) Vocational Training Centre (Recognized by State Education Department/Labour Department/Central Government) (xiii) Power Generating Plants upto 10 MW whether independent or for captive use.