Friday, November 9, 2012

Haryana finalising guidelines for Public Private Partnership

by Haryananewswire
CHANDIGARH, NOV 9
The Haryana Finance Department isfinalizing the 'Guidelines for Public Private Partnership (PPP)’ and has invited suggestions and comments from the public so that the same be incorporated in  these guidelines.
          While stating this here today, a spokesman of the department said that the suggestions and comments could be sent within 15 days on   e mail ID minkyakshu@yahoo.co.in. The same could also be sent through post to the Member Secretary, Haryana Bureau of Public Enterprises, Finance Department, New Secretariat, Haryana, Chandigarh.
          The spokesman said that PPP represents the cooperation between government and private sector. Most successful partnership arrangements draw on the strengths of both the public and private sector in order to establish complementary relationships between them. PPP arrangements were long term in nature and usually these extend  over a period of 15 to 30 years. He said that this factor helps in establishing productive and lasting relations built around the expertise and capacity of both the partners based on contractual agreement which ensures appropriate and mutually agreed allocation of resources, risks and returns.
          He said that the responsibilities in a PPP project were shared between the public body and private enterprise. However, the Government still remains accountable and responsible for the provision of high quality services that meet the public needs. He said that a key element of PPP  was  their potential to deliver public services in more economical and efficient manner. At the beginning of the relationship, four potential risks associated with the project are identified and each party adopts those which it found best equipped to manage.  The public sector could, therefore, transfer appropriate risks to the private partner, who has the necessary skills and experience to manage them, he further added.
The spokesman said that Haryana was amongst the richest States in India and one of the preferred investment destinations in the country. It was a leading centre for the manufacture of automobiles and its components,   a  preferred investment destination in Information Technology (IT) and IT enabled.It has been attracting handsome investments mainly in construction sector, electricity, manufacturing and services. Haryana aspires to be the number one State in the country in terms of investment  and in quality of life of its people, he added.

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