WB ready to fund public-private partnerships here
India has achieved “some islands of progress” through public-private partnership (PPP) in infrastructure which is visible in Gujarat, Andhra Pradesh and Punjab, according to the World Bank.
By Rajeev Jayaswal, TNN |
NEW DELHI: India has achieved ���some islands of progress��� through public-private partnership (PPP) in infrastructure which is visible in Gujarat, Andhra Pradesh and Punjab, according to the World Bank.
In a presentation made to the Planning Commission, the World Bank (WB) has acknowledged that ���PPPs have begun to make a contribution in India��� and it is willing to fund such projects, besides providing technical assistance for capacity building. Positive observations by the WB assume special significance, as the government is facing an acute resource constraint in meeting large infrastructural requirements.
Pointing at major cramps in the implementation of PPP model, it has stressed the need to streamline sectoral policies and strengthen regulatory frameworks. One of the suggestions of the Bank is to establish PPP cells in line agencies or administrative ministries. It is expected that the issue will be discussed during WB���s president Paul Wolfowitz proposed meetings with top government officials including Prime Minister Manmohan Singh, Planning Commission deputy chairman Montek Singh Ahluwalia and finance minister P Chidambaram on Friday.
Quoting one of its reports, it has said that the achievements of Gujarat, AP and Punjab in terms of institutional frameworks for PPPs was significant. Both states have been able to enact framework laws, establish administrative units and organised funding for PPP preparation. The magic potion in building a robust PPP framework suggested by the WB includes, legislation, specialised funds, model contracts, information dissemination and guidance. Besides agriculture, financial assistance for agriculture, irrigation and water projects will also be sought during Mr Wolfowitz���s visit. The government is committed to accelerate agriculture growth to 4% from the current level of 2%.
The Planning Commission will make a presentation, highlighting government���s agenda for the agriculture sector to Mr Wolfowitz, who is visiting India for the first time after taking charge as World Bank chief. Major points include setting up a national fund for strategic agricultural research, rejuvenation support systems in extension, credit and delivery system of inputs, initiating steps for water management and stepping up investments in irrigation projects.
In a presentation made to the Planning Commission, the World Bank (WB) has acknowledged that ���PPPs have begun to make a contribution in India��� and it is willing to fund such projects, besides providing technical assistance for capacity building. Positive observations by the WB assume special significance, as the government is facing an acute resource constraint in meeting large infrastructural requirements.
Pointing at major cramps in the implementation of PPP model, it has stressed the need to streamline sectoral policies and strengthen regulatory frameworks. One of the suggestions of the Bank is to establish PPP cells in line agencies or administrative ministries. It is expected that the issue will be discussed during WB���s president Paul Wolfowitz proposed meetings with top government officials including Prime Minister Manmohan Singh, Planning Commission deputy chairman Montek Singh Ahluwalia and finance minister P Chidambaram on Friday.
Quoting one of its reports, it has said that the achievements of Gujarat, AP and Punjab in terms of institutional frameworks for PPPs was significant. Both states have been able to enact framework laws, establish administrative units and organised funding for PPP preparation. The magic potion in building a robust PPP framework suggested by the WB includes, legislation, specialised funds, model contracts, information dissemination and guidance. Besides agriculture, financial assistance for agriculture, irrigation and water projects will also be sought during Mr Wolfowitz���s visit. The government is committed to accelerate agriculture growth to 4% from the current level of 2%.
The Planning Commission will make a presentation, highlighting government���s agenda for the agriculture sector to Mr Wolfowitz, who is visiting India for the first time after taking charge as World Bank chief. Major points include setting up a national fund for strategic agricultural research, rejuvenation support systems in extension, credit and delivery system of inputs, initiating steps for water management and stepping up investments in irrigation projects.
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