Niti Aayog bats for private players

    Niti Aayog
    According to the CEO, NITI Aayog, Amitabh Kant, the government must exit infrastructure projects and even look at handing over them to private players. At the same time, he is highly critical of India's private sector, terming it as "most irrational" and "insensitive" as it messed up projects by aggressive bidding and creating current crisis in the public private partnership (PPP) model. The government has done a lot in case of big projects but it is not good at operation and maintenance. Therefore, the government must start the process of reverse BOT (build, operate and transfer), must sell out projects and let the private sector handle them. That is, the fastest way to bring in private sector and shift private sector money back in infrastructure. These projects are must be fully de-risked as the country needs to move into new areas of PPP and moreover there is no need where jails, schools, colleges should be run in government sector. At least experience of many countries like Canada and Australia shows that private sector is capable of doing very good work in creation of quality infrastructure over a long period of time in social sector.
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