The entire Public-Private- Partnership framework needs to be reoriented to make it more investor friendly, Power Minister Piyush Goyal said on Tuesday. “PPP model has tremendous potential and Prime Minister Narendra Modi had in fact spoken about adding 'people' perspective to it. So now it has become Public-Private-People- Partnership,” Goyal said while addressing Happening Haryana Global Investors Summit at Gurgaon. He further said: “I would like to compliment Chief Minister Manohar lal Khattar for having come out with progressive policies like the Transit Oriented Development Policy, New & Integrated licensing Policy and the Deen Dayal Jan Awas Yojna and TDR- which will give great impetus to Haryana.”
The initiatives will, in the long run, encourage respected industrialists and new breed of entrepreneurs to bring investments in the real estate sector and PPP mode, he said. If India has to develop at the kind of pace that is expected, and provide bare necessities to its people by 2022, then clearly the 'PPP' model is unavoidable, he said.
It will be the engine of growth in the infrastructure sector and together “we will have to evolve the right regulatory framework which should be simple and predictable”, he added.