Call for Public Private Partnership model for investments

The principal secretary, who was the chief guest at a training session organised by MCRHRD Institute, for a session called ‘Training Course on PPP for Indian Forest Services Officers,’

By Author  |  Published: 8th Jan 2018  11:17 pm

Hyderabad: A staggering eight per cent of the Gross Domestic Product (GDP), needs to be invested in the development of infrastructure, and in this scenario the Public Private Partnership (PPP) model presents the the most suitable option as it attracts substantial private capital and enhances the standards for delivery of service, said Principal Secretary (IT), Jayesh Ranjan.

The principal secretary, who was the chief guest at a training session organised by MCRHRD Institute, for a session called ‘Training Course on PPP for Indian Forest Services Officers,’ on Monday said, “The PPP approach provides a framework .for higher quality of services, resulting in higher recoveries, which in turn enables greater ability to invest and improve the quality of service.” He also dispelled apprehensions that PPP projects could prove to be expensive for the economy and they could move beyond the affordability for the poor. He clarified that the PPP projects are selected on open bidding competition and that during construction and operation the State government undertakes close monitoring so that the public interests are protected.

Continuing his address, he stated that the key factors for the success of PPP projects are right skill sets in the government sector to develop and monitor projects, transparency in selection process of partners from the private sector, and a comprehensive set of services from government to take the projects to the shore, safely and successfully.

He said that Andhra Pradesh and Telangana have conceptualised and implemented a number of mega projects, including Hyderabad International Airport, Hyderabad Outer Ring Road, Hitech City, Convention Center and Integrated Township, Mind Space IT Park Project and the Hyderabad Metro Rail, to name a few, with a sense of pride. “These projects have proved to be a resounding success, achieved their cherished goals, and emerged as role models to be emulated by other States,” he added.

Chandan Mitra, IFS, vice chairman and Managing Director, Telangana State Forest Development Corporation Limited, who was the Guest of Honour, said that there is huge potential in forestry and environmental sectors to undertake PPP projects. He called upon the IFS officers to equip them with the required skill set and initiate PPP projects in order to fully tap the potential.

“While the experience with such PPP projects as Harini Vanasthali Park, Palapitta Cycling Park in Botanical Garden, Mrugavani Resort and Spa, among others, in the State has been encouraging, quite a few eco-tourism and bamboo-based projects in PPP mode are in the pipeline”, he added.

Dr Gautam Pingle, Dean of Studies, Dr MCR HRD Institute said that careful planning on systematic, scientific, and professional lines is the precondition for success of PPP projects.