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{{Use Indian English|date=September 2019}}
'''Kelkar committee to evaluate PPP in India''' was a committee set up to study and evaluate the extant [[Public Private Partnership in India|public-private partnership (PPP) model in India]].<ref>{{Cite news|url=http://www.livemint.com/Politics/3IVTZPorYq1iHW11cnpgaJ/Kelkar-committee-to-propose-overhaul-of-PPP-framework.html|title=Kelkar committee to propose overhaul of PPP framework|last=Nair|first=Remya|date=2015-10-30|newspaper=[[Mint (newspaper)|Livemint]]|access-date=2016-12-12}}</ref> The committee was set up by India's [[Government of India|central government]] and headed by [[Vijay Kelkar]]. The committee was set up following [[2015 Union budget of India]] by the then finance minister of India [[Arun Jaitley]]. It comprised 10 members. The committee submitted its recommendations to Jaitley on 19 November 2015.<ref>{{Cite news|url=http://www.firstpost.com/business/infrastructure-development-kelkar-panel-on-ppp-revival-submits-report-to-jaitley-2514028.html|title=Infrastructure development: Kelkar panel on PPP revival submits report to Jaitley - Firstpost|date=2015-11-19|newspaper=Firstpost|language=en-US|access-date=2016-12-12}}</ref>

== Members ==
Following were the members of the committee:<ref>{{Cite news|url=http://www.livemint.com/Politics/tZGyRK2ehjYNfoMVT615DO/Vijay-Kelkar-heads-panel-to-recast-PPP-model.html|title=Vijay Kelkar heads panel to recast PPP model|last=Verma|first=Ragini|date=2015-05-26|newspaper=Livemint|access-date=2016-12-12}}</ref>
* Sharmila Chavaly - Joint Secretary at the department of Economics was the committee secretary.
* C. S. Rajan - Chief Secretary, [[Rajasthan]],
* S. B. Nayar - chairman and managing director of Indian Infrastructure Finance Co. Ltd.
* Shekhar Shah - Director General of [[National Council of Applied Economic Research|National Council of Applied Economic Research (NCAER)]].
* P. Pradeep Kumar - Managing Director of corporate banking group of [[State Bank of India]].
* Vikram Limaye - Managing director of [[Infrastructure Development Finance Company]] (IDFC).
* Sudipto Sarkar - Lawyer.
* P. S. Behuria - retired [[Indian Revenue Service|Indian Revenue Service (IRS)]] officer.
* Union transport ministry representative.

== Recommendations ==
Amongst the recommendations made are:<ref>{{Cite news|url=http://www.business-standard.com/article/economy-policy/kelkar-panel-shows-the-way-to-revive-ppp-in-infra-projects-115122800339_1.html|title=Kelkar panel shows the way to revive PPP in infra projects|last=Reporter|first=B. S.|date=2015-12-29|newspaper=Business Standard India|access-date=2016-12-12}}</ref><ref>{{Cite news|url=http://www.thehindu.com/business/Economy/kelkar-chalks-out-rules-for-ppp-revival/article8037616.ece|title=Kelkar chalks out rules for PPP revival|last=Raghavan|first=TCA Sharad|newspaper=The Hindu|access-date=2016-12-12}}</ref><ref>{{Cite news|url=http://www.financialexpress.com/economy/kelkar-panel-suggests-easy-funding-for-ppp-projects-in-infra-sector/184750/|title=Kelkar panel suggests easy funding for PPP projects in infra sector|date=2015-12-29|newspaper=The Financial Express|access-date=2016-12-12}}</ref>
* Establishment of 3P India.
* Case based risk allocation formula for various project participants.
* Establishment of independent regulating agencies.
* An amendment in the Prevention of corruption act to differentiate between errors of judgement and willful corrupt practices.
* Use the PPP model for airport, port and railway projects.
* Banks and other financial institutions be allowed to issue [[zero-coupon bond]]s.
* The number of banks in a consortium be restricted.
* Banks develop improved capabilities for risk assessment and appraisal.
* Specific guidelines for encashment of [[Surety|bank guarantees]].
* To provide for monetisation of completed projects.
* Create a procedure to resume stuck projects.
* PPP should only be used for large projects.
* Creation of an inbuilt mechanism for renegotiation.
* Model concession agreements in various sectors be reviewed.
* The public sector undertakings be dissuaded from participating in PPP
* Road toll be collected electronically
* Constitution of an Infrastructure PPP Project Review Committee (IPRC) comprising an expert in finance and economics, law, and at least one related technocrat with not less than 15 years experience.
* Constitution of an Infrastructure PPP Adjudication Tribunal (IPAT) headed by a former Supreme Court/ High Court Judge with at a minimum of one technical and financial expert each as members.

== References ==
<references />
{{Public-private Partnership}}

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[[Category:Government agencies of India]]
[[Category:Ministry of Finance (India)]]
[[Category:Infrastructure in India]]

Kelkar committee on PPP in India - Revision history

UpdateBot at 13:05, 29 June 2022