The host of recommendations suggested by the Vijay Kelkar Committee, include review of the model concession agreements, raising of funds through zero coupon bonds and setting up of independent sectoral regulators.
    
"PPPs are an important policy instrument that will enable India to compress time in this journey towards economic growth and development. A successful and growing stream of PPPs in infrastructure will go a long way in accelerating the country's development process," said the report, which was made public by the Finance Ministry yesterday.
    
The report was submitted by Kelkar to Finance Minister Arun Jaitley last month. With regard to stalled PPP projects, the committee said it needs to be kick started.
    
"There is an urgent need to evolve a suitable mechanism that evaluates and addresses actionable stress. Sector specific institutional frameworks should be developed to address these stalled infrastructure projects," it said.
    
The report said there should be a better identification and allocations of risks between the stakeholders and the contracts for the PPP projects should focus more on service delivery instead of fiscal benefits.

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