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India’s fastest growing population demands Defined, Demanded and Diversified Mechanism to mark the needs of People.
Is PPP is Solution to the path of Developing to Developed phase change. Lets overview the framework of PPP system in india, its needs, aspirations, pros and cons and success of model adopted in other nations.
PPP or P3 is renounced term used in public policies in now days, it understands as a Public-Private-Partnership. Its legal contract agreement between government and private company which include 51% of equity by private partners for limited contractual period. All the technical and operational risk to be borne out by Private consortium while the services assured by public statutory.
List of Sectors under taken in PPP projects in India :
- Airports
- Education
- Health Care
- Ports
- Power
- Railways
- Road
- Tourism
- Urban Development
Goverment of India setup a Public Private Partnership Approval Committee (PPPAC) consist of Secretaries from various departments. While laying down various PPP project Guidelines issued based on expenditure and overall cost of project. Maharashtra with highest number of PPP projects on P3 model and other states also accepting model in respective states. The priority area of investment is Transportation for Infrastructural development.
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4 Comments. Leave new
Good one
Nice job!
Well Written .
useful…