Guwahati: The Meghalaya government has approved the Public-Private Partnership (PPP) policy which will now allow private investment in certain state projects.
Chief Minister Conrad K Sangma speaking on the PPP policy said that the state must have this policy in order to facilitate more private investment in the state.
CM Sangma further added that the government has also introduced a new concept of Community Public Private Partnership (CPPP) policy as the PPP policy mostly deals with large infrastructural projects. CPPP will be used for small-scale projects.
It may be mentioned that so far, the country has three states that have no sort of PPP policy and Meghalaya was one of them.
Sangma added the idea behind the CPPP is that even at the community level, they can work with private parties.
He further added that the Land Transfer Act will also be applicable to the PPP policy. In this way ownership of land will solely be with the locals of Meghalaya.