Govt. has developed PPP Cell under the Department of Economic Affairs (DEA) to provide key information related to PPP’s initiatives and to share PPP’s best practices.
Public-private partnerships (PPP) involve collaboration between a government agency and a private-sector company. Financing a project through a PPP can allow a project to be completed sooner or make it a possibility in the first place.
Partnerships provide advantages to both parties. PPPs can take a wide range of forms varying in the degree of purpose, involvement of the private entity, legal structure and risk sharing.
The Public sector, for its part, provides incentive for the private sector to deliver projects on time and within budget. In addition, creating economic diversification makes the country more competitive in facilitating its infrastructure base and boosting associated construction, equipment, support services, and other businesses.
India has systematically rolled out a PPP program for the delivery of high-priority public utilities and infrastructure and, over the last decade or so, developed what is perhaps one of the largest PPP Programs in the world.
With close to 1500 PPP projects in various stages of implementation, according to the World Bank, India is one of the leading countries in terms of readiness for PPPs.
Govt. has developed PPP Cell under the Department of Economic Affairs (DEA) to provide key information related to PPP’s initiatives and to share PPP’s best practices.
From the Book – ‘ Know Everything about Corporate Social Responsibility ‘
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(India CSR)
