The Role of Public Private Partnership (PPP) in Building Society

Abstract

It is found for the last two decades that there has been a rapid rise of PPPs across the world. A government in developing countries like India is using PPP arrangements for improved delivery of infrastructure services and social services. Public Private Partnerships which are an integral part of the new paradigm of good governance policy is the most recent addition in the world of society and economic development in a country. The government has started a number of schemes in joint collaboration with private sectors in order to give national economy an impetus and thus enhancing the pace of economic growth. Indeed PPP has become the demand of modern India for social development. Government of India is building transport (roads, railways, and toll bridges), education, healthcare, waste management, water and other sectors services. So, it goes without saying the contributions of PPPs are becoming the preferred method for public procurement of infrastructure development. And “public–private partnership" also describes a range of possible relationships among public and private entities in the context of infrastructure and services development for society. This paper highlights the concept of PPP in Indian society and study of different PPPs sector-wise in development, It also covers up growth and benefits to the society in developing economy like India by PPP, investigating the bottlenecks of PPP projects in India and suggesting probable solutions for making PPP more effective and successful.