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Public Private Partnership for Infrastructural Growth

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Public Private Partnership for Infrastructural Growth
PUBLIC PRIVATE PARTNERSHIP FOR INFRASTRUCTURAL GROWTH- IS IT THE BEST MODEL?

Private public partnership for infrastructure growth- Is it the best model?

ABSTRACT

The paper reviews the concept of PPP, its importance and relevance in furthering infrastructural growth in a developing nation like India. Thereafter the application of this theoretical overview is seen in the study of various successful projects in which PPP was implemented- one of the best examples being the Tirupur Project in Tamil Nadu. The objective of the paper is to bring forth the uniqueness of PPP and how in spite of it being an excellent model for infrastructural growth in each project a different PPP model is relevant.

CONTENTS

1. Introduction to Infrastructure in India
2. Private Public Partnership (PPP) Reasons behind importance of PPP model in India
3. Relevance of PPP model in infrastructure sector for India
4. Success of PPP in India
5. Concerns and Risks Associated with PPP
6. Conclusion
References

1. Introduction to Infrastructure in India
Infrastructure has been defined as “comprising those basic services without which primary, secondary and tertiary productive activities cannot function.” It includes non-tradeables such as
1. Transportation services- road, railways, ports and civil aviation
2. Telecommunication
3. Power
4. Water supply
5. Sanitation
6. Solid waste management.
Currently, the Indian economy is positioned to grow at an annual rate of 9% over the next five years. However, this speedy growth needs an equally robust infrastructure to support it, which unfortunately is lacking. Infrastructure development is considered as the key driver to sustain the momentum of current and potential economic growth.
Growth in infrastructure is bound to boost the Indian economy, which in turn will work wonders for urbanization. The increase in the infrastructure is
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