Public Private Partnership

Public Private Partnership
ADB-GOI Initiative: Mainstreaming PPPs India

Updated: 22 December 2010

The Indian economy has been delivering strong economic growth across most sectors for the last few years. However, both for the momentum to continue as well as for growth to be distributed fairly and equitably across all sections of society, it is vital to develop infrastructure—power, water, roads, ports, airports, urban bus and metro lines, health and education facilities, etc,—which is the backbone for businesses, livelihoods and living. It is estimated that to bridge the infrastructure gap in India, over Rs 24 trillion (USUS$500 billion) in investments is required with at least US$150 billion needed from the private sector, over a 5 year period (2007-2012).

The Government of India (GOI) has therefore focused on developing several enabling tools and activities to spur private sector investments into the country through the modality of PPPs. These are vital for both:

• Catalyzing of investments for building new infrastructure, and
• For efficient operation and maintainance of assets, existing and new, over their lifetime and ensuring focus on service delivery.

The ADB-GOI PPP Initiative

Mainstreaming PPPs in India is a comprehensive and pioneering program for enabling PPPs, commenced in 2007 as a joint effort by Asian Development Bank (ADB) and the Government of India (GOI) through the Department of Economic Affairs (DEA) to enable PPPs by focusing on all activities such as:

• capacity building of officials
• process standardization
• sector tools
• development funds
• projects development

The initiative will continue to evolve with the changing needs of the PPP environment in India and aid in the overall inclusive growth of the country.

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