-
Essay / Public-Private Partnership Essay - 760
Public-Private Partnership A public-private partnership (PPP) is competition between the government and the private sector for the purpose of providing public services or infrastructure. With a general appearance in place, the public and private sectors bring their own experiences and strengths, enabling mutual goals to be achieved. The Government of India (GoI) has been focusing on expanding tools and activities to persuade private sector investments in the country through the PPP format. It is not surprising that private funds amounting to $150 billion could close the $500 billion infrastructure gap over the period 2007-20121. As part of closing this financing gap, the PPP model is gradually being seen as a way to harness private sector investment and seek operational efficiencies in the provision of public assets and services. The extent to which the Indian government envisages a remarkable role The role played by PPPs in improving the level and quality of economic and social infrastructure services is increasingly evident in view of the increasing use of the PPP model in the current past. Current Status of PPP in IndiaThe PPP India database (Directorate of Economic Affairs, Ministry of Economy and Finance) indicates that for the purpose of 758 PPP projects, the price of INR 3,833 billion3 is awarded/in progress (this i.e. in a state of preparation, construction or at stages where construction/completion is at least imminent). There are extraordinary and untapped opportunities for the use of the PPP form in the e-governance, health and education sectors. Karnataka, Andhra Pradesh and Madhya Pradesh are the largest states in terms of number and value of PPP projects. At the domestic level, the main national route...... middle of paper......to the government coffers. The disadvantages of tourism boom include leakage from developing country economies due to imports, high inflation, land speculation, low investment returns due to seasonal nature of tourism, etc. A significant disadvantage of small countries with rich tourism assets is that they tend to rely too heavily on tourism, vulnerable to local and regional conflicts as well as national disaster. India has enormous potential for domestic tourism. The economic contribution of domestic tourism is estimated at Rs. 33,000 crores compared to Rs. 3,300 crores of international tourism. So, from an economic point of view, domestic tourism is more important than international tourism, mainly for a country like India and for this, the role of public and private sectors in expanding the economy is expected be complementary..