Public–private partnerships in India
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The public–private partnership (PPP or 3P) is a commercial legal relationship defined by the Government of India in 2011[1] as "an arrangement between a statutory / government owned entity on one side and a private sector entity on the other, for the provision of public assets and/or public services, through investments being made and/or management being undertaken by the private sector entity, for a specified period of time, where there is well defined allocation of risk between the private sector and the public entity and the private entity receives performance linked payments that conform (or are benchmarked) to specified and pre-determined performance standards, measurable by the public entity or its representative".
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The Government of India recognizes several types of PPPs, including: User-fee based BOT model, Performance based management/maintenance contracts and Modified design-build contracts (turnkey). Today, there are hundreds of PPP projects in various stages of implementation throughout the country.
As of November 2020, 1,103 PPP projects were launched in the country, representing a total of $274,959,000,000 of committed investments.[2] regards