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ARTICLE · 02 NOVEMBER 2022

3P|2.0 - Will The Dream Come True For India?

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The Public Private Partnership Framework of India is in dire need of robust Governmental intervention at a policy and implementation level.

IndiaGovernment, Public Sector
Eshjyot Walia
Eshjyot Walia
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Abstract

The Public Private Partnership Framework of India is in dire need of robust Governmental intervention at a policy and implementation level. Considering this, the 3P India Plan by Late Mr. Arun Jaitley germinated in 2014. This Plan would be responsible for the regulation, management, and financial structures of Public Private Partnership Projects in India. Although the 3P India Plan's building blocks were laid via the 2016 Budget, the same remained incomplete due to lackluster efforts by the then Government. However, efforts for this Plan were renewed via the 2019 Budget, whose results are yet to be seen and thoroughly scrutinized.

Thus, in this Blog Post, firstly, the Author provides a detailed background of the 3P India Plan. Secondly, the Author explores the effects of 2015 Kelkar Committee's Report on 3P India Plan. Thirdly, the Author discusses the challenges faced in the current Public Private Partnership Model and proposes solutions for the same.

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