India News | CM Yogi Asks Officials to Revamp State's PPP Policy to Make It Future-ready
Get latest articles and stories on India at LatestLY. With the private sector's interest increasing in Public-Private Partnership projects, Uttar Pradesh Chief Minister Yogi Adityanath on Tuesday emphasised the need to revamp the state's PPP policy to make it more streamlined and future-ready.
Lucknow, Nov 19 (PTI) With the private sector's interest increasing in Public-Private Partnership projects, Uttar Pradesh Chief Minister Yogi Adityanath on Tuesday emphasised the need to revamp the state's PPP policy to make it more streamlined and future-ready.
During a high-level meeting, he also highlighted that approximately 10 per cent of the total investment proposals received during the Global Investors Summit-2023 were related to PPP projects, showcasing the effectiveness of the existing policy.
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, according to a statement.
The Chief Minister directed officials to draft a new PPP policy tailored to these requirements and establish a dedicated PPP cell within Invest UP, the statement said.
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This cell will focus on developing the PPP framework, advising departments, promoting inter-departmental coordination, facilitating private investments, and ensuring alignment with government schemes, he said.
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