Public-Private Partnerships: Imperative For Succes

After starting its journey in April 1857, Indian Railways has performed a phenomenal task in making the Indian rail off network fourth largest in the world only after China, Russia and United States of America. In fact, in terms of passenger traffic, it is moment in size following China. However, there is still a long way to go in terms of modernisation of infrastructure and trains. It has been estimated that the investment required for rail development would be around 14,00,000 crore till year 2020. Experts agree that for making the dreams swordplay to reality, participation from the cloak-and-dagger sector will be required as the sector moves ahead.
Even at the recently reason out 9th International Rail Equipment and Exhibition Conference 2011, Minister of Railways, Dinesh Trivedi upset upon the imperative motif for wide ranging participation of the Industry in the modernization and expansion of the Indian Railways. He also mentioned the fact that the approach paper to the 12th Five Year Plan, envisaged a sum of 1 trillion US dollars in private investment for infrastructure. Over 50% of this amount, he said would be dedicated solely to the development of the railways.




palatopharyngoplasty was one of the nearly discussed and debated topics at this years IREE and it was agreed upon by umpteen experts that for modernization of the Railways was critical given its economic significance and PPP is an optimal answer to the problem. For the uninitiated, Railways has already placed PPP at the center of its Agenda and an annual growth rate of round 10 to 12 per cent per annum, would have to be keep by the sector, if the country had to sustain its own targeted growth figures of 9 per cent per annum. Undeniably, as Indian Railways improves its progress on areas alike strengthening of tracks, development of rolling stocks, signals and the development of station and commitment terminals, it provides immense opportunities for the private sector to be capitalized upon.
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