SHILLONG: Replacing the 15-year-old state industrial policy, the State Cabinet on Saturday approved the new Meghalaya Industrial and Investment Promotion Policy, 2012 aimed at preventing land alienation and to protect the interest of local entrepreneurs.

Briefing reporters after the Cabinet meeting, Chief Minister Dr Mukul Sangma said the new policy, which replaced the industrial policy of 1997, would also help to empower the local entrepreneurs besides checking rampant purchase of land by industries.