Meghalaya cabinet approves PPP Policy to facilitate more private investments

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The state Cabinet on Monday approved the Meghalaya Public Private Partnership Policy, 2021, which Chief Minister Conrad Sangma term as a necessary decision to promote growth and facilitate more private investments while safeguarding and promoting the interests of the communities.

Meghalaya is one of three states in the country which do not have a PPP policy.

Addressing media persons after the meeting, Chief Minister Conrad K Sangma said, “In this policy there is one unique aspect to it which is the aspect of community Private Public Partnership policy aspect in it. “

The CM also mentioned that mostly in other states the Private Public Partnership policy deals with the large infrastructural project, but in Meghalaya the concept of community Private Public Partnership policy is introduced.

“It is not entirely new it is there in some parts of the world may be in some of the states in the country also but we will be one of the few states to have this CPPP policy aspect,” he said.

“The idea is very simple that even at the community level, if the community feels that they want to work with private parties to have investment be it in tourism, agriculture, horticulture, veterinary, then they can go for those projects,” Sangma added.

Further, the Chief Minister said the aspect of the Land Transfer Act will also be applicable to the PPP policy. “Therefore, ownership and other aspects of land, protection to local people – all have been taken into consideration,” he added.