Wednesday, March 06, 2013

A Legal Perspective on Public Private Partnerships in India

A Legal Perspective on Public Private Partnerships in India

Infrastructure development is crucial in fostering economic growth of a nation. With increase in globalization certain infrastructure availability has essentially become more of a public amenity which the government seeks to endure for its citizens. In the nation stages of the growth of Indian economy for a number of social, economic and political reasons the involvement of the private sector was very limited in this area. Various stake holders hold different perspectives regarding the concept of public private partnership. Some construe PPP as a mere instance of private investment in governmental undertakings whereas others consider that PPP comprises of all interactions between the public sector and the private sector from investment to policy dialogues and collaboration to private provision of assets and services.

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