India 2018

234 India 2018
India systematically rolled out a PPP programme for the delivery of high-priority
public utilities and infrastructure and, over the last decade or so, developed
what is perhaps one of the largest PPP Programmes in the world. The central
coordination of PPPs is provided by the PPP Cell within the Department of
Economic Affairs (DEA), under the Ministry of Finance. The PPP Cell is
responsible for all matters relating to PPPs, including policies, guidelines,
schemes, and capacity building initiatives. The PPP Cell also acts as the
Secretariat for Public Private Partnership Appraisal Committee and Empowered
Institution (EI) / Empowered Committee (EC) for the projects posed for financial
support through DEA's Scheme for financial support to PPPs in infrastructure
-Viability Grant Fund (VGF).
Information Dissemination
PPP Cell of the DEA maintains a website dedicated to PPPs,
www.pppinindia.gov.in, to provide information related to PPP initiatives in
India. The website serves as a hub of information on PPP initiatives in India
and contains related policy documents, government guidelines issued for
mainstreaming PPPs. These include information on the institutional mechanisms
for speedy appraisal of PPP infrastructure projects and the schemes for financial
support to PPP projects. The website also contains various knowledge products
developed in the PPP cell, sharing PPP best practices to enhance the ability of
the public officials as well as private developers to implement PPP projects.
www.infrastructureindia.gov.in is a database of infrastructure projects including
PPPs being implemented across the sectors in India. It provides key information
on the status of infrastructure projects being executed by government as well
as the private sector.
G-20
The G20 was formed in 1999, as a forum of Finance Ministers and Central Bank
Governors, in recognition of the fact that there was a major shift in the global
economic weight from the advanced economies to emerging market economies.
The gradually declining role of G8 as world's economic coordinator and the
increasing clout of EMEs in global deliberations on economic governance
resulted in G20 replacing G8 in 1999. However, G20 rose into true prominence
in 2008 when it was elevated from a forum of Finance Ministers and Central
Bank Governors to that of the G20 Heads of Nations in order to effectively
respond to the global financial crisis of 2007-2010.
BRICS
The BRICS nations form the five key pillars of south-south cooperation and are
the representative voice of Emerging Markets and Developing Countries in the
global forums such as the G20. The New Development Bank, established by the
BRICS nations in 2015, marked its first imprints in India by signing a loan
agreement for financing of the major district road project in Madhya Pradesh
in March 2017. India is working closely with the Bank's management team to
develop a robust pipeline of projects cutting across areas such as Smart Cities,