Several Memorandums of Understanding (MOUs) worth around Rs 4000 crores were signed for various projects in Meghalaya during the 2nd Climate Investments and Technology Impact Summit held at Meghalaya House, New Delhi yesterday.
These include the development of Advance Farming Cluster Project of Rs 125 crore, Multipurpose Convention Centre, University Campus, recreation and associated facilities for Rs 1300 crore, Meghalaya Cable Car Ropeway Project for Rs 500 crore, Sustainable Collection and Conversion of Septic Waste and Sewage Waste into Natural Fertilisers for Rs 125 crore, Artificial Intelligence for Rs 1500 crore and Development of Hydro Power for Rs 1000 crore.
The summit prioritises innovative technological solutions and green investment approaches to address climate change and fosters technological advancements for sustainable outcomes.
Speaking during the occasion, Chief Minister Conrad Sangma said that Meghalaya is rich in diverse agroclimatic zones with the environment offering significant potentials not only for high-value tourism but also various agro-based industries.
“Meghalaya also receives significant annual rainfall that shapes our ecological landscape and agricultural practices; however the abundance of rain also brings vulnerabilities related to climate change, necessitating a comprehensive understanding of these challenges and the development of effective mitigation strategies,” he said. He also added that it is crucial for Meghalaya to invest in sustainable and climate-resilient infrastructure.
The chief minister also highlighted several programs of the state like the Livelihoods and Access to Market Projects, Community-led Landscape Management Project, Community-based Forest Management and Livelihood Improvement and Protection of Vulnerable Catchment Areas under climate financing aimed at tackling some of the climate related challenges.
He also spoke at length of the Green Meghalaya Project, Rejuvenating Rivers and Springs Programme and Fish Sanctuaries initiatives.
“These initiatives are designed to enhance resilience against climate impacts while promoting sustainable practices that align with the state’s economic activities which are reliant on its natural resources,” he said.
Sangma further informed that the State envisions transforming into a green investment destination achieving holistic green growth, empowering local communities and fostering a sustainable economy leveraging the state’s new industrial policy.
“By promoting sustainable industrial growth and providing incentives for green technologies, Meghalaya aims to transform our economic landscape while safeguarding our environment for future generations,” Sangma concluded.
