Uttar Pradesh: CM Yogi Adityanath calls for new PPP policy to boost investment opportunities
By Team Asianet Newsable | First Published Nov 20, 2024, 1:17 PM ISTDuring a high-level meeting on Tuesday, the Chief Minister highlighted that approximately 10% of the total investment proposals received during the Global Investors Summit-2023 were related to PPP projects, showcasing the effectiveness of the existing policy.
In response to the increasing interest from the private sector in Public-Private Partnership (PPP) projects, Chief Minister Yogi Adityanath has emphasized the need to revamp the state's PPP policy to make it more streamlined and future-ready.
During a high-level meeting on Tuesday, the Chief Minister highlighted that approximately 10% of the total investment proposals received during the Global Investors Summit-2023 were related to PPP projects, showcasing the effectiveness of the existing policy.
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However, he emphasised the importance of creating a more comprehensive framework to address critical aspects such as project identification, stakeholder consultation, bid preparation, procurement processes, contract management, and post-implementation oversight.
The Chief Minister directed officials to draft a new PPP policy tailored to these requirements and establish a dedicated PPP cell within Invest UP.
This cell will focus on developing the PPP framework, advising departments, promoting inter-departmental coordination, facilitating private investments, and ensuring alignment with government schemes.
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