NITI Aayog and Ladakh UT sign MoU to develop Infrastructure projects

On January 17, 2020, NITI Aayog and Ladakh Union Territory signed a Memorandum of Understanding. According to the agreement, NITI Aayog will support the administration of the Ladakh through its initiative “Development Support Services to States for Infrastructure Projects” (DSSS)

Highlights

NITI Aayog will identify high-impact projects. It will expedite project implementations, create unique models of development and will identify high-impact priority projects. A team of experts associated with NITI Aayog are to be stationed in Ladakh to identify and develop the territory. The team will predominantly focus on solar energy, tourism and basic infrastructure.

What are DSSS projects of NITI Aayog?

The main objective of DSSS projects is creating PPP (Public Private Partnership) projects. In 2018, phase I of the project was completed. In phase I, 10 projects were selected from 400 projects that were submitted by the states. In phase II, that was completed in the year 2018-19, the selected projects entered transaction stage. Preparation activities were carried out. The think tank also created techno-economic feasibility report.

The following were other steps taken

• The think tank organized investor consultations for the state governments
• Integrated post-harvest supply chain management and integrated community based micro-irrigation infrastructure were generated.

Month: Current Affairs - January, 2020