PPP policy gets approval

SHILLONG, July 19: The State Cabinet on Monday approved the Meghalaya State Public-Private Partnership Policy, 2021, for attracting more private investment.
“The policy was necessary to facilitate more private investment in the state. Meghalaya is one of three states in the country that does not have a PPP policy,” Chief Minister Conrad K. Sangma told reporters after the Cabinet meeting.
He said this policy is unique for seeking to encourage Community Public Private Partnership (CPPP) policy. It is unlike policies in other states that deal mostly with large infrastructure projects.
“The CPPP concept is not entirely new, but we will be one of the few states to have such a policy,” Sangma said.
The Chief Minister said the policy would allow decisions to work with private parties to be taken at the community level for investments in tourism, agriculture, horticulture and veterinary sectors.
The Land Transfer Act will be applicable to the PPP policy, Sangma added.
“Ownership of land and protection to the local people – all have been taken into consideration,” Sangma said.
The objective of the policy is to fuel growth by attracting investments while safeguarding and promoting the interests of the local communities, he said.