The role of Public Private Partnership (PPP) in Indian infrastructure development

Abstract

Infrastructural developments have vital contribution in the economic development of any country. Role of the physical infrastructural development is well documented in the academic and the policy making area. Physical infrastructure like transportation, power, telecommunication and social infrastructure such as water supply, sanitation, education and health contribute in the growth of economy and improve the quality of life. But India is lacking in infrastructural development in comparison to the developed countries due to the scarcity of the fund with the public sector. Here is the model of Public Private Partnership (PPP) which contributes at large level in the infrastructural development. This paper analyzes the current scenario Public Private Partnership (PPP) model in Indian states in the infrastructure and society development. And challenges faced by the Public Private Partnership in Indian States. Result of the study showed that there is 6823 number of the total PPP projects in India amounted Rs.4454096.87 Crore. Transport sector has major share (44%) of the total projects. Out of the total projects major share is under construction stage with 3964 number of projects, 1794 number of project are completed followed by the operation and maintenance, and pre-construction stage. Lack of regulatory framework for PPP model and database are major challenges for implementing the PPP model effectively and efficiently. However, the role of PPP model is on rise nowadays.