Description

The Shillong Technology Park was recently opened by Meghalaya Chief Minister Shri Conrad Sangma. The major goal is to re-integrate Meghalayans who have left the state in pursuit of work. In addition, the park will provide new work possibilities for the state's youngsters.

The Park's Highlights

Incubation centres will be supported by the park, these centres will collaborate with both the government and the private sector. Firms from all across the nation, as well as companies from other countries, have been invited to open their facilities at the park by the state government.

Park will employ an ISP strategy

The park is built on a plug-and-play approach, the state government is already implementing an ISP strategy to improve the state's infrastructure. The park will be developed in the same way, infrastructure, Services, and People are the three components of an ISP. To put it another way, set up the infrastructure. Provide the services that are requested. People must be empowered in order to reap the rewards.

The park's funding

The Meghalaya State Government will fund the initial phase of construction. For following phases, the park will use a public-private partnership model.

What is the state's advantage from the park?

Seventy percent of Meghalaya's population is under the age of 35. The IT industry has a lot of promise, in the state, there is a significant demographic dividend. This will make it easier to put young people's abilities to work in the IT industry.

The park's goal

The park's principal goal is to provide a variety of job opportunities for the state's children. They should not consider leaving the state in search of better chances. Meghalaya is now constructing five-star hotels and other urban luxury facilities. The first freight train arrived in the state lately, this will create the ideal environment for the IT sector's growth.

The park's requirements

According to the World Economic Forum, by 2025, half of the world's workforce will require reskilling. This is primarily due to technological advancements. Furthermore, job automation and the pandemic are causing more economic disruptions. This chasm will be filled by the tech park.

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