National PPP Policy 2011 - Draft for Consultation
THE Union Finance Minister, in his Budget speech for the year 2011-12 announced that it is the Government's endeavor to come up with a comprehensive policy that can be used by the Centre and the State Governments in further developing Public-Private Partnerships.
Pursuant to this announcement, Department of Economic Affairs, Ministry of Finance has prepared the draft National PPP Policy and placed it in public domain yesterday to solicit views / suggestions from all stakeholders by 15th October, 2011.
Government of India has set up Public Private Partnership Appraisal Committee to streamline appraisal and approval of projects. Transparent and competitive bidding processes have been established. To provide a broader cross-sectoral fillip to PPPs, extensive support has been extended through project development funds, viability gap funding, user charge reforms, provision of long tenor financing and refinancing as well as institutional and individual capacity building.
The growing PPP trends, especially in the last decade, justify the need for a broad policy framework that sets out the principles for implementing a larger number of projects across diverse sectors to complement the inclusive growth aspirations of the nation.
Netizens may go to the following link http://pppinindia.com/draftpolicy.php and post in their comments on the different aspects of this National Policy which is placed in public domain for consultation. Finance Ministry has to be indeed commended for committing to a National policy on public private partnership and bringing out a draft olicy for public consultation. A silver lining amidst crumbling credibility of Indian polity!