NEW DELHI: Foreign companies may have been bullish on India's infrastructure story for quite sometime, but their presence in public private partnership (PPP) projects has been insignificant. In fact, foreign multinationals have equity participation only in 20 PPP projects out of 221, where contracts have already been awarded and projects are underway. Whereas companies from Malaysia have topped the list with a participation in six projects, those from UK have been involved in four. Companies from tax haven Mauritius have equity participation only in three PPP projects in the country.

A SundayET analysis based on the data available with finance ministry, has further shown that foreign equity participation of 27 foreign companies in PPP projects in India stands only at Rs 1,725 crore. The total cost of PPP projects in India is, however, estimated at Rs 1,29,575 crore.

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Posted by boyang at September 28, 2008 10:56 PM