Public private partnership in India

Public Private Partnership (PPP) means a long-term project based on a contract or concession agreement, between the Government or statutory entity on one side and a private sector company on the other side, for delivering an infrastructure service on payment of user charges. The paper provides an overview of the policy initiatives undertaken by the Government of India in promoting PPPs in infrastructure sector. The costs and benefits of using PPP rather than traditional procurement are analyzed. Important policy implications are suggested.