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.

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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, 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.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)