Chief minister Yogi Adityanath on Tuesday stressed upon the need to work out a new draft Public Private Partnership (PPP) policy for the state revamping the existing one to make it more streamlined and future ready.
Yogi, who was presiding over a high-level meeting, said the policy revamp was needed keeping in view increasing interest from the private sector in the PPP projects. He said about 10% of the total investment proposals received during the Global Investors Summit-2023 were linked to the PPP projects and this showcased the effectiveness of the existing policy.
He said 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. He said the new PPP policy should be tailored to these requirements and establish a dedicated PPP cell within Invest UP.
He said this cell will focus on developing the PPP framework, advising departments, promoting inter-departmental coordination, facilitating private investments, and ensuring alignment with government schemes.