AS it not a secret that India is among the top fastest growing economy, making it a destination of choice for investors across the globe. India being a democracy provides a stable environment and rule of law.
The most important criteria for continuous growth is quality Infrastructure. According to the planning commission, 8% of total GDP needs to be invested in infrastructure i.e telecommunications, electric power, water transport, road, rail, etc.
In order to meet these demands, various Public Private Partnerships (PPPs) are being promoted for implementation of infrastructure projects. PPP is often described as a understanding where government as well as a private sector undertaking form a partnership. Encouragement of PPP is therefore necessary since it can be fast track tool for direct investment to improve infrastructure and hence accelerate the economy growth
In order to meet these demands, various Public Private Partnerships (PPPs) are being promoted for implementation of infrastructure projects. PPP is often described as a understanding where government as well as a private sector undertaking form a partnership. Encouragement of PPP is therefore necessary since it can be fast track tool for direct investment to improve infrastructure and hence accelerate the economy growth
All these recourses will eventually provide better facilities to the Indians which at least decades after Independence they thoroughly deserve.
Unitedworld Executive.
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