Associate Professor, Department of Commerce, Government College, Hamirpur, Himachal Pradesh – 177001, India
The concept of public private partnership (P3) has attracted worldwide attention and acquired a new resonance in the context of developing countries. P3 are increasingly heralded as an innovative policy tool for remedying the lack of dynamism in traditional public service delivery. However P3 have also become mired in a muddle of conceptual ambiguities. During the course of the 11th Plan, Government of India has taken a series of policy initiatives to accelerate the pace of investment in infrastructure, particularly in PPP domain. This paper sheds light on the P3 concept and the rationale for invoking private participation in the north region of India. The main objective is to assess the performance of northern region vis-à-vis other regions, and intra-regional variations in terms of P3 projects.
Resonance, public service delivery, infrastructure