Recently the Vijay Kelkar Committee on public-private partnership (PPP) has made many recommendations to review and revive PPP model in India. Discuss its important recommendations. (200 Words)

The Vijay Kelkar committee was constituted to review the PPP model and make recommendation to revive the sector,as the PPP model has not been able to perform as expected to various constraints .The following recommendation were given by the committee

Institutional Capacity
--It was recommended to establish 3P India as to support PPP activities as was announced in the Budget 2014-15
--To establish Infrastructure PPP Adjucation Tribunal and Infrastructure PPP Project Review Committee to settle disputes and review projects respectively

Models for PPP
--It has rejected the Swiss Challenge model for PPP projects because of lack of transparency.
--The one size fits all approach of the Model Concession Agreement should be replaced with sector specific models

Government Responsibility
--It requires the government to come with PPP Policy with backing from Parliament.
--The Prevention of Corruption Act must be amended to differentiate between genuine errors and corruption

Other recommendation
--Small projects should not be built with PPP
--Issue Zero Coupon Bonds for easy credit availability.
--Public sector should not be given PPP projects and private sector must be encouraged.
--PPP model should be introduced in other sectors as well

Thus if India needs to transform from a low income country to a high income country without being trapped in the middle income zone it need to reform the PPP for faster growth.