Shillong, March. 18: In a groundbreaking move set to redefine the industrial landscape of Meghalaya, the Meghalaya Industrial Development Corporation Ltd (MIDC) has initiated a landmark collaboration with M/s Varun Beverages Ltd. This strategic alliance, sealed under the ambit of the ambitious Meghalaya Industrial and Investment Promotion Policy (MIIPP) 2024, has witnessed the allotment of land for the construction of a state-of-the-art manufacturing facility dedicated to carbonated soft drinks and other beverages.
During a ceremony held this afternoon in the presence of the Hon’ble Chief Minister Conrad K Sangma, MIDC Chairman, Shri James K Sangma, handed over the land agreement papers to the Chief Operating Officer of M/s Varun Beverages, Shri Kamlesh Jain. This marks the commencement of an investment exceeding Rs. 100 Crore. This venture is anticipated to revolutionize the socio-economic dynamics of the Garo Hills region, promising employment for over 500 individuals, both directly and indirectly.
The establishment of a Pepsi Plant at Mendipathar in North Garo Hills not only signifies a leap in industrial development but also highlights the creation of unprecedented job opportunities in the private sector, thereby enhancing the overall business climate of Meghalaya.
Reflecting on this significant achievement, MIDC Chairman Shri James K. Sangma said, “Today marks the beginning of a new chapter in the industrial story of Meghalaya, one that is built on the foundation of progress and shared prosperity. Our collaboration with M/s Varun Beverages Ltd under the MIIPP 2024 is not merely an investment in land or infrastructure; it is an investment in the people of Meghalaya. By generating employment and fostering socio-economic growth, we are taking concrete steps toward realizing the vision of our Hon’ble Chief Minister Shri Conrad K Sangma for a $10 billion economy and a prosperous Meghalaya.”
The MIDC’s initiative is a testament to the state’s commitment to industrial growth and socio-economic development. Under the leadership of Shri James K. Sangma and the guidance of the Hon’ble Chief Minister, Meghalaya is set on a path of rapid development and industrialization, aiming to enhance the quality of life for its residents and pave the way for a brighter future.
This landmark project in Mendipathar is expected to be a catalyst for further industrial development in the region, opening up new avenues for growth and progress. The MIDC, under the stewardship of Shri James K. Sangma, continues to work tirelessly towards making Meghalaya a beacon of industrial innovation and economic success.
