SHILLONG, Nov 24: Chairman of the Meghalaya State Investment Promotion Board (MSIPB), B.D. Tiwari, on Monday elaborated on the mandate and functioning of the newly constituted board, reaffirming its role in enhancing the state’s overall investment climate and supporting departmental development initiatives.

Speaking to the media, Tiwari said the board’s mandate is “embedded in its name”—to promote and facilitate investment in Meghalaya. The MSIPB, recently placed before the Assembly, operates as an independent body chaired by an Hon’ble Minister and supported by three retired IAS officers, senior government officials, and a Commissioner and Secretary.

Tiwari informed that the board functions under the Department of Planning, Investment Promotion, Sustainable Development & Learning. Its primary function is not to approve or receive departmental proposals directly, but to assist various departments by offering technical guidance, consultancy support, investment facilitation, and coordination with the Government of India and other agencies.

He clarified that whenever departments require assistance—whether in planning, attracting investment, improving administrative processes, or building a more conducive investment environment—the MSIPB steps in to provide the necessary support.

On funding, he stated that all activities related to investment promotion under the Board are financed through the state budget.

Highlighting the Board’s work so far, Tiwari said the MSIPB has already facilitated important initiatives across sectors including Health, Real Estate, and others, especially by strengthening coordination mechanisms through the Planning Department.

Reiterating its long-term objective, Tiwari noted that the MSIPB functions “from the backend” to streamline systems, enhance governance processes, and accelerate the creation of an enabling environment for investment-driven development in Meghalaya.