How can 3P India address these challenges?

♤ Finance Minister Arun Jaitley announced the decision to set up an institution named 3P India with a corpus of Rs.500 crore, to provide support to mainstreaming PPPs.

♤ It is likely to be a non-profit company on the lines of the National Skill Development Council (NSDC)

♤ 3P India will address issues related to regulation, management of contracts, bidding process, dispute resolution mechanism and stressed Public-Private Partnership projects in the country.

♤ 3P India will be staffed by highly skilled professionals, who have deep knowledge of PPP projects, which would mean that now, we would have an institutional arrangement with professionals, someone who understands PPPs

♤ Once 3P India is formed, targets will be set on a weekly basis and not monthly.

♤ As per experts, the whole bundle of tasks taken together by 3P India will revive the PPP ecosystem in the country

♤ Critics of 3P India alleged that the new body can do little to revive PPPs and will be just another body of officials.