India, Feb. 24 -- The Meghalaya government has formally handed over 66 acres of prime land by the Umiam Lake in Ri-Bhoi district to the Indian Hotels Company Limited (IHCL), the Tata Group's hospitality arm, for the development of a five-star Taj Resort and Spa.

Chief Minister Conrad K. Sangma confirmed the transaction in the State Assembly on Monday, responding to a starred question by MLA Adelbert Nongrum, who sought clarity on the land transfer and the fiscal framework governing the agreement. The Chief Minister described the project as a cornerstone of the state's "Tourism Mission," noting that the presence of the iconic Taj brand would position Meghalaya as a premium destination on the global tourism map.

The financial details of t...