Inaugurating 'Emerge', the first annual entrepreneurship conclave conducted by IIM-Shillong, Sangma stressed on the need for a balanced economy instead of concentration of wealth in the hands of a few.
She urged the participants, mostly young entrepreneurs, to strive to change the present skewed economic and social development in India to a more micro level development.
Sangma, representing Tura Lok Sabha constituency in Meghalaya, said the northeastern region was in need of "budding" entrepreneurs to utilize its untapped resources.
Prof Keya Sengupta, Director of the institute, stressed on the need for youth involvement in sustainable economic development which would focus more on entrepreneurship and creating employment opportunities in the region rather than depending on the government for providing jobs.