GOVERNMENT OF INDIA
Ministry of Finance
DEPARTMENT OF ECONOMIC AFFAIRS
UNSTARRED QUESTION NO. 2834
ANSWERED ON TUESDAY, AUGUST 5, 2014 / SRAVANA 14, 1936 (SAKA)
Introduction of New Model for Regulation and Contracts under Public-Private-Partnerships (PPPs)
2834. SHRI RAJEEV CHANDRASEKHAR:
Will the Minister of FINANCE be pleased to state;
(a) whether Government proposes to introduce a new, transparent model of regulation and contracts for Public-Private-Partnerships (PPPs) to sustainable FDI flows and investments since the current model of cost based regulation used for airports, gas and other sectors is flawed and has resulted in a perception of windfall gains to private investors at the cost of public and Government equity; and
(b) if so, the details thereof and if not, the reasons therefor?
THE MINISTER OF STATE IN THE MINISTRY OF FINANCE
(SHRIMATI NIRMALA SITHARAMAN)
(a) & (b): Government is constantly endeavouring to improve the awareness about Public Private Partnerships, including on regulations and documentations. Further, model documentation is constantly reviewed, including through stake holder consultations, review of best practices, reports of statutory authorities and learnings from projects.