Shillong, March 10: Chief Minister Conrad Sangma reminded about three amendments to Meghalaya State Investment Promotion & Facilitation Act, 2024 after the government held a meeting with the KSU.
The students’ body wanted scrapping of the Act.
Proposed changes
(i) The the Act will not dilute any provision of The Meghalaya Transfer of Land (Regulation) Act, 1971.
(ii) The Act does not bypass any provision of the Autonomous District Councils.
(iii) Will safeguard local employment opportunities – 90 percent jobs will be reserved in non-managerial position and 50 percent in managerial position.
In a statement, the Chief Minister’s Office said that the Act, enacted in March 2024 , aims to promote and facilitate investments in Meghalaya.
Following the concerns raised by the citizens, the government said the amendments will ensure that the Act does not dilute the provision of The Meghalaya Transfejg r of Land (Regulation) Act, 1971 or bypass the district council, the CMO said.
The chief minister informed that the proposed amendments address the concerns of the citizens and ensure that the Act benefits the state, while protecting the interest of the people.
He assured that the government will continue to engage with organisations, including traditional bodies and stakeholders to ensure that this Act will be in the interest of the people by way of full protection of the rights of the indigenous people.
“As a government, we are committed towards the interest of our people. Our intention is to ensure that through this investment Act, we are able to attract investments, which will facilitate in creation of job opportunities for our people as well as ensure growth and development of the state,” the chief minister added.
