Role of Public Private Partnership in Tourism Sector of Indian Economy

Tourism sector plays an imperative role in developing economies of world. Partnership has become a new financial model of management strategy to take advantage of available resources from different agents for capital investments. This paper serves the objective to find out the benefits of Public Private Partnership (PPP) and its introduction in Tourism sector in Indian economy with help of available research papers in past years. Paper aims to focus on the areas where it has been used as a strategy and to the extent it serves as a successful tool to leverage the available natural and manmade resources for Tourism. The paper discusses cases of agreements between government and the private sector for provisions for public services or infrastructure in Tourism Sector. Government being public sector identifies and provides a framework for developing the economy whereas private sector offers investment, management and workforce. Cases reveal ventures are successful where the participation is part of policy framework and intense and ventures are failure where both government and private bodies share proprietary rights. Thus the paper summaries areas, for both parties to work together with set objectives.