Business Opportunities in the Abode of Clouds with Meghalaya Tender

Despite the fact that Meghalaya is a small hilly state in the North Easter part of the country, business opportunities are quite substantial and one could consider grabbing those business opportunities in the abode of clouds with Meghalaya tender.

Major Tender Sources
Since industrialization has not got the impetus in the state, till now the major source of Meghalaya tender is the government of Meghalaya. Hence the prospective bidders should do well to understand the process and requirements of bidding for and winning them so as to promote their business prospects.

Economic Scenario
Economic scenario of Meghalaya is a bid complicated. The state economy is hard hit by illegal mining in the Garo Hills for procurement of coal. However, of late the authorities have started taking strong steps against such illegal activities most of which are illegal coal mines. Instead, government tender are now floated for mining and all other sectors.

Sectors in Which Tenders are Generated
Most of the tenders in Meghalaya are generated in Government sectors and major sectors that floats Meghalaya tender are as follows:

• Agricultural sector because the state is basically agrarian in nature. Especially fruits and vegetables are grown in plenty in the state. Therefore many government tenders are floated for procurement of seeds, fertilizers, pesticides, and agricultural equipments.
• One of the major areas from where the Meghalaya tender usually comes up is Shillong, the capital of the state as well as a popular hill station.
• Another area where a lot of tenders are floated is the tourism and hospitality industry. Since Shillong is one of the major tourist attractions in the state and the country, a number of hotels and resorts have come up.
• Another very potential source for Meghalaya tenders is the export and import industry since the state is largely dependent on imports for meeting its requirements. Especially the shipment and transportation areas offer many tenders and facilities for entrepreneurs to jumpstart their business.
• Since the state is full of natural resources like limestone, coal, Kaolin, granite and Sillimanite, many government tenders and a few private tenders are also generated in this sector.
• A couple of large cement factories have come up in the recent years in the state at the public sector and they also float tenders on regular basis.
• Tourism is one more sector where large number of Meghalaya tender is available for the prospective bidders. However, infrastructural constraints are coming on the way of effective implementation of the endeavor.

Overview
Since many investors have not yet moved towards this hilly state to exploit the possibilities of business there, levels of competition for responding to and winning the government tenders in the state has not picked up momentum as yet. However, in the recent years there has been a little enhancement of competition with more and more investors coming up to the state.

Most lucrative prospects till date in the state for investment and business are the agricultural sectors dominated by oilseeds, fiber crops, and horticultural products.

Unique Opportunities Offered By A Small State – Meghalaya Tenders

With around one third of the areas covered by forests and predominantly and agrarian economy, Meghalaya tenders offer some unique opportunities for businessmen to carry forward their business. In addition to the agriculture and forest sectors, the service sectors like real estate and insurance also offer good opportunities for aspirant entrepreneurs and investors. Tourism is also flourishing in this naturally beautiful state.

Major Opportunities in Meghalaya Tenders
Some of the major opportunities in respect of Meghalaya tenders are –

• Agricultural sector including seeds, fertilizers, agricultural equipments including the tractors and ploughs etc;
• Forest sector with the forest products marketed;
• Construction and real estate sector in building and other constructions;
• Consultancies for construction industries;
• Legal and financial consultancies in the services sector;
• Transportation industry since the state is still dependent on imports from other states in the food and beverage sectors; and
• Tourism and hospitality industries that offer a lot of opportunities since numerous tenders are floated at regular intervals.

Unique Feature of Meghalaya Economy
Despite having a rich base of natural resources, industrialization has not been rapid in the state. Minerals like coal, kaolin, and granite, sillmanite, and lime stones are available in abundance in the state. Large forest covers give the environment biodiversity. Numerous water bodies are also there. Though a couple of cement manufacturing plants with production capacity of 900 MTD has come up in the state and a few more are in the pipelines, there is acute necessity of development of infrastructure and transport facilities in the state.

Tourism Opportunities
The state administration has been trying sincerely to improve the tourism facilities and scenario in the state. However, the lack of adequate security as well as infrastructure has also come in the way of progress of the tourism industry. On the plus side the state is rich in natural beauty and resources and it is expected that tourism industry will flourish with beautiful city of Shilong which is also the state capital, as the center in the coming years.

Best Tender Opportunities
Best Meghalaya tenders are therefore still confined to the agriculture and horticulture sectors. Especially, the following crops and horticultural products are marketed in huge quantities and several tenders for marketing, sell, as well as transportation come up in these areas.

• Rice, maize, wheat, pulses, and cereals.
• Rapeseed, mustard, linseed, castor, soybean, and sesame.
• Cotton, jute, and Mesta. But these are on the declining trend.
• Vegetables, flowers, spices, and medicinal plants.
• Citrus fruits, pineapple, banana, and papaya.
• High quality mandarin orange.
• Tea, coffee, cashew, and Areca nuts.

Legal Aspects
It is necessary for the aspirant bidder to have adequate knowledge of the legal aspects of bidding for and winning the tenders in the tiny hilly state. Since it is one of the Border States adjacent to neighboring country Bangladesh, the security aspects are vital and they are taken adequate care of by administration of the state.

Meghalaya Tenders –Business Opportunities in the North Eastern Hills

Despite being a small state in the north eastern part of India and is a hilly strip about and area of 22,720 square kilometers. About a third of the state has forest growth and the subtropical forests encompass the state. Biodiversity of mammals, birds, and plants make them unique. Despite being a small state, Meghalaya offers multiple business opportunities with Meghalaya tenders floated at regular intervals.

Most Promising Sectors for Meghalaya Tenders
Most promising sectors of the Meghalaya tenders are –

• Agriculture related tenders that include agricultural equipments, accessories, fertilizers, pesticides, and seeds.
• Agriculture tenders for irrigation projects, diversion wires, water harvesting structures, plantations, gully filling, land bonding, land development, and such others.
• Horticulture and vegetable cultivation are other important sectors of the state economy. Potato, rice, maize, banana, pineapple, and fruits are grown in plenty in the state.
• Service sector of the economy is made of real estates and insurance companies.
• Another sector that is important is tourism industry. Shillong, the capital is an important tourist destination in the country and is also known as the “abode of god”. It is good fro trekking and enjoying natural beauties.
• Naturally; the hotel industries complement the tourism industry offering good business opportunities.
• Export trade related Meghalaya tenders offer good opportunities as well since the state borders Bangladesh.

Most of the Meghalaya tenders are floated in these sectors of the economy.

Major Tender Sources
Some of the major sources of Meghalaya tenders relate to –

• Export route sectors;
• Schematic area development in the real estates sector;
• Tenders related to limestone based industries;
• Clay industry tenders;
• Coal industry tenders;
• Tenders from refractory industries;
• Beverage industry tenders;
• Spice oleoresins tenders relating to ginger, turmeric, tezpata and chilies;
• Medicinal plants tenders;
• Tourism related tenders.

Other prominent sources of Meghalaya tenders are the leather industry, IT industry, and power generation industry.

Investment Climate in the State
Investment climate in Meghalaya is one of the best and multiple supportive financial institutions are operating in the state as well. No less than 180 scheduled commercial bank branches are operating in the state. In addition the Government of Meghalaya is also providing a number of incentives for promoting trade and commerce. It is therefore natural that numerous tenders are floated at regular intervals on the web and other medium of advertisements.

Major State Incentives
Some of the major state incentives are –

• Transport subsidies;
• Income tax and excise exemptions;
• Subsidy on capital investments;
• Power subsidies of around 30%;
• Employment subsidies;
• Refund of central sales taxes;
• Subsidies on comprehensive insurances; and
• Special subsidy on food processing.

Subsidiary Meghalaya Tenders
Some of the subsidiary and related sectors in Meghalaya offer good tender opportunities like the air conditioners; boilers and heaters, ceiling, flooring, plastering, aluminum, heaters, casting and fabrications; irrigation works, automobile ancillaries and chemicals in the product sector, and architecture, business consultancy, and hired automobiles in the services sector.


A store house of natural resources, Meghalaya tenders are better prospects for entrepreneurs due to absence of labor unions in the state and location based advantages of tapping the South East Asian markets.