NEW DELHI (PTI): The lack of appropriate regulatory mechanism in infrastructure sectors has been a major drawback in attracting private investments for successful public-private-partnerships, according to economic think tank NCAER.

"Policy and regulatory environments sometimes act as a greater deterrent than financial constraints. When policy is inconsistent, effective regulation becomes critical to protect users and attract private investors," the National Council of Applied Economic Research (NCAER) said in a report.

It pointed out that India's share of global investments was still very low since it received only 33 billion dollars of the total 786 billion dollars investment in infrastructural PPPs between 1990 and 2003. Of the 2,712 projects initiated globally...

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Posted by rjorr at June 4, 2006 7:35 PM