SHILLONG: The Institute of Cost Accountants of India (ICMAI), in collaboration with the Commerce and Industries Department, Government of Meghalaya, held a state-level conclave on Thursday at the State Guest House, Taraghar, Shillong.
Themed “Unlocking Meghalaya’s Potential: Investment, Public Finance Efficiency and the Role of CMAs,” the event focused on investment opportunities, strengthening public financial management, and the contribution of Cost and Management Accountants (CMAs) to economic development.
Director of Commerce and Industries M.L. Wanshnong highlighted Meghalaya’s thriving MSME sector and key areas of economic potential, including horticulture, agro-cultivation, tourism, bamboo, and mineral-based industries.
He called for greater financial literacy, investment readiness, and capacity building among government officials, while acknowledging logistical challenges due to the state’s landlocked geography.
ICMAI President CMA Chittaranjan Chattopadhyay expressed the Institute’s commitment to partnering with the state to achieve a USD 10 billion economy by 2028 and generate five lakh jobs.
He identified sectors such as agro-processing, eco-tourism, renewable energy, and logistics as offering significant investment and employment opportunities.
Chattopadhyay also proposed the creation of a Meghalaya State Cost Management Centre and announced plans to open an ICMAI chapter in the state.
The conclave brought together government officials, industry leaders, and financial professionals to discuss collaboration for stronger financial governance, enterprise support, and a favorable investment climate for sustainable growth in Meghalaya.
(4FrontMedia news)
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