PUBLIC PRIVATE PARTNERSHIP IN INDIA (P3)( GS 3 MAINS)2020-21(UPSC)
MEANING🡪Long-term contract between a government agency and a private-sector company –used to finance, build, and operate projects –public transportation networks, parks, and convention centres. Private party🡪 bears significant risk and management responsibility, and remuneration is linked to performance. Public Sector🡪 monitors the performance of the private sector and enforce the terms of the contract. NEED […]
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