Role of Public-Private Partnership in Infrastructural Development Projects: An Indian Perspective

Abstract

Infrastructure is an important sector wherein all the countries need to work a lot to achieve overall development. India being developing country is working rigorously in the field of infrastructural advancement. However, lots of recourses are required to full fill the wants of individuals residing in any country and due to inadequate way outs sometimes targets are not achieved by the governments. To resort this setback various countries are adopting the innovative practices by adopting Public - Private Partnerships which is also called as PPP model or P3 model. Public - Private Partnerships is a novel idea through which public and private come together to develop infrastructural projects. Private sectors not only contribute their skills and experience but also finance the public sectors in infrastructural development projects. India has also followed this practice and adopted PPP model in sectors like road, transports, logistics hubs, Health Care and Education Sector. This research paper will focus on the study the role of Public-Private Partnership in Infrastructure Projects in India. Further, the study will also focus on advantages and disadvantages PPP model in infrastructural development projects.