The last decade has witnessed India's considerable economic growth. The driver of this evolution is multifaceted, but a critical facet lies within the infrastructure sector. The government, through Public-Private Partnerships (PPPs), has sought to accelerate the country's infrastructure development. These partnerships are crucial in channeling private resources and expertise towards public sector projects, thereby fostering economic growth.
Understanding Public-Private Partnerships
Public-Private Partnerships (PPPs) are collaborative agreements between government entities and private sector companies to finance, build, and manage projects. The projects may range from roads, bridges, and ports to hospitals and schools. The main goal of PPPs is to deliver quality infrastructure services more effectively and efficiently.
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