‘We could lose all private infra gains’
With so many infrastructure projects in trouble, do we have a problem?
Generally speaking we’re at a crossroads with respect to private sector participation, not just PPPs but also, for instance, independent players in power generation. And this puts at risk all the gains we have made by actually getting the private sector involved in building infrastructure; the momentum could take a setback. One of the patterns we see is that, across the board where private sector has participated, government has very often either not been able to meet its obligations or there has been some amount of backtracking.
What kind of backtracking?
The power sector is the classic example where Coal India was to provide the fuel but the fuel is not there in sufficient quantities, and this has created its own problems. Roads are another example where land aggregation is not happening quite at the pace at
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