PJAEE, 17 (6) (2020) PUBLIC PRIVATE PARTNERSHIP IN INDIAN RAILWAYS Prafulla K Swain1, Bibhuti B Pradhan2 1,2Department of Management, Siksha ‘O’ Anusandhan, Bhubaneswar, Odisha Email:
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[email protected] Prafulla K Swain, Bibhuti B Pradhan: Public Private Partnership in Indian Railways -- Palarch’s Journal Of Archaeology Of Egypt/Egyptology 17(6). ISSN 1567-214x Keywords: Contract Values, Economy, Indian Railways, Public Private Partnership ABSTRACT This paper analyses the emerging scope of procurement for a Public Private Partnership to grow India's rail industry and economy. The direction & mechanism of collaboration & institutional firms, based on rules of the government. In India, the economy has grown rapidly following economic liberalization, with foreign and private investment being introduced on friendly policies. Governments around the world were working on innovative approaches to fund initiatives, develop facilities, and provide services in a dynamic global setting. It includes coordination & collaboration for mutual advantage can be categorized in administration as collaboration among individuals or companies within private or public-sectors. Mostly in developing markets PPP has major benefits with few to no drawback (new money, technologies, strategic experience, and exposure to international markets in inexpensive contract). The goal of this paper is to explain the position PPP plays in growth of railways. Work was focused upon the details, obtained through several relevant resource. 1. Introduction In a solution to infrastructure shortages and the need to refurbish current public systems, PPP schemes have arisen all over the world since the 1990's. Many of the countries (emerging markets) have started investing in development programs with national and foreign partners.