Answer to Question #49279 in Macroeconomics for sanghamita ghosh

Question

.Justify the options and futures of ppp in India?

Answer 1

The main option of the PPP in India is the participation of private players for the development of Mass Transit System in the country. The Railway Budget 2014-15, presented Tuesday by Union Minister Sadanand Gowda, laid emphasis on using the public-private partnership (PPP) route for implementation of projects such as high speed rail and redevelopment of stations. In 2012-13, the annual outlay for PPP investment was Rs.1,050 crore, which has risen to Rs.6,050 crore in 2014-15. Also, Metro. Currently, Gurgaon and Hyderabad Metro are being developed on PPP mode by IL&FS and L&T respectively
Moreover, there are public–private partnership programs in study area by NGOs such as the Akanksha Foundation, Muktangan, Children In Progress (CHIP) and others.