Overhaul proposed for Indian PPPs

The Indian government has been urged to overhaul its PPP process to improve transparency issues on new deals.

The country’s Planning Commission has called for the creation of a new "high-level committee", run by the cabinet secretary, to review the assessments of the existing PPP Appraisal Committee (PPPAC), which has reviewed deals for the past eight years.

Included within the request the Planning Commission now wants the new committee to examine the process to ensure transparency and necessary due diligence takes place.

As part of the request, the commission will now formally submit its recommendations to the cabinet within six weeks.

Several PPP projects in India have suffered over issues such as contingent liabilities, level of investment and concession agreement terms over the past few years.