Meghalaya, known as the ‘Abode of Clouds’ is located in the Northeast of India. The state shares its border on the north and east with Assam and on the south and west with Bangladesh. About 14 percent (3,108 square kms) of Meghalaya is covered by bamboo forests and the state is one of the leading bamboo producers in the country. Turmeric produced in the state of Meghalaya is considered to be one of the best in the world as it contains 7.5 percent of curcumin. The state has huge potential for development of hydropower. As of November 2018, 353.03 MW of hydropower capacity is under operation in the state. At current prices, the Gross State Domestic Product of Meghalaya reached INR 0.33 trillion (USD 4.57 billion) in 2018-19. The state’s GSDP (in INR) increased at a Compound Annual Growth Rate of 7.19 percent between 2011-12 and 2018-19. Total merchandise exports from Meghalaya were US$ 51.09 million in FY19. Merchandise exports during April-September 2019 reached US$ 22.52 million. According to the Department for Promotion of Industry and Internal Trade (DPIIT), cumulative FDI inflows to the North-eastern states, during April 2000 to June 2019, stood at US$ 122 million.