Uttar Pradesh has highest share of PPP project investments: Study
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Posted on:18 Apr 2016 18:13:05
18 April 2016 Current Affairs: Uttar Pradesh has claimed the top spot with the highest share of about 15 per cent in PPP projects across India, followed by Maharashtra and Gujarat, a recent Assocham-SREI study .UP again has the highest share of about 22 per cent in terms of value in total PPP investment projects under construction across India, followed by Maharashtra (11 per cent), Haryana (8.5 per cent), Gujarat (6 per cent) and Madhya Pradesh (4.5 per cent)," said the study titled 'PPP Investment in Indian Infrastructure: Need for growth and development'. The Associated Chambers of Commerce and Industry of India (Assocham), along with infrastructure conglomerate SREI, has conducted this study. Gujarat has the highest share of 15.5 per cent in infrastructure projects (value terms) that are under operation on the public-private partnership (PPP) model and is followed by UP and Maharashtra (13 per cent share each), Tamil Nadu and Karnataka (almost 8 per cent each). A total of about 1,200 projects in different segments of the infrastructure sector with investments worth about Rs 7 lakh crore are being carried out in the PPP mode throughout India Most PPP investment projects have been terminated in Maharashtra (13 per cent) followed by Chhattisgarh (10 per cent), Gujarat (9 per cent), Kerala (7 per cent) and MP (7 per cent).The study has suggested to the government the setting up of an independent institution for overall co-ordination and management of PPP projects in the country. It should also act as nodal agency with the responsibility of creation of PPP data base, creation and regular updation of model bid documents for all infrastructure sectors, co-ordination with government departments concerned and dissemination of best practices and learning through both successes and failures
PPP projects : Public-private partnership (PPP) is a funding model for a public infrastructure project such as a new telecommunications system, airport or power plant. The public partner is represented by the government at a local, state and/or national level.
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