The Meghalaya Economic
Development Council (MEDC) was constituted by a
resolution passed by the Meghalaya Legislative
Assembly in its sitting on the 18th September, 1995,
and the same has been notified by Parliamentary
Affairs Department by an extraordinary gazette vide
No.PA.21/95/16 dt.20th September, 1995 and amended
vide Notification No.PA.11/2005/Pt.I/5 dt.25th
April, 2006, No.PA.11/2005/Pt.I/13 dt.12th July,
2006 and No.PA.11/2005/Pt.I/38 dt.25-6-2007.
Constitution
The body may consist of the following whose terms will
be generally for two years or till they continue in
the designated Office, excepting in respect of members
covered by (d) and (e) the initial terms of with one
year:-
-
Four persons to be nominated
by the Chief Minister, one of whom may be
nominated as Chairman in the rank and status or
Chief Minister/Deputy Minister/Minister and the
other as Co-Chairman in the rank and status of a
minister of Vice/Deputy Chairman in the rank and
status of a minister of State as considered
necessary from time to time.
-
Not more than one Member of
the Legislative Assembly drawn from each
political party represented in the State
Assembly to be nominated by the respective
parties;
-
The Chief Executive Member
of the Autonomous District Councils;
-
Five local entrepreneurs to
be nominated initially by the Chairman and later
by that body;
-
Not more than three persons
with known contribution in the field of
business, industries , and commerce to be
nominated initially by the Chairman and later by
that body.
-
Two heads or representatives
from reputed research and academic institution
working in the State to be nominated by the
State Government by notification;
-
One member each of the State
Planning Board, Meghalaya Resource and
Employment Generation Council and the Meghalaya
Industrial Development Corporation to be
nominated by the respective bodies; and
-
The Principal Secretary or
the Commissioner and Secretary or the Secretary
to the State Government in the Planning
Department as Member Secretary.
The terms of reference of the
Council shall be as follows :-
-
To advise the State
Government on issues relating to the industrial
and economic policies.
-
Deliberate and examine
the constraints inhibiting flow of investments
into the State and possible steps for removal
thereof.
-
Identify sectors where
overall economic and industrial growth can be
generated and accelerated.
-
Suggest ways for
attracting investments, local and foreign in the
State.
-
Advise and recommend the
strategies for achieving the aforesaid goals.
Aims & Objectives:
-
To promote the Economic and
Industrial Development of the State and its
people.
-
To mobilize resource,
encourage the flow of investment and private
participation.
-
In the wake of
liberalization , to take advantage of the
opportunity with a view to exploit easy and
means for accelerating the process of Economic
and Industrial Development of the State.
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