<div><strong>Ashish Sinha</strong><br><br>All regulatory and financing issues in the infrastructure projects especially those involving the public-private-partnership (PPP) projects will be sorted out at the earliest. This assurance came after the meeting taken by Shaktikanta Das, Secretary, Economic Affairs with the representatives of the infrastructure companies on Monday, October 26, 2015. </div><div> </div><div>The meeting was organised by the Confederation of Indian Industries (CII). It was attended by R Gandhi, RBI deputy government, Arundhati Bhattacharya, chairperson of the State Bank of India and officers from the infrastructure ministries like roads, shipping, and power, among others. </div><div> </div><div>"We will examine the suggestions in consultation with the various other departments and ministries and place them before the government for decision quickly," Das said after the meeting.</div><div> </div><div>A committee under Vijay Kelkar, former finance Secretary is already looking into ways and means of revitalising the stagnant PPP projects. It was set up after the need was spelled out in the budget speech by finance minister Arun Jaitley in February. </div><div> </div><div>During the meeting the industry representatives raised regulatory and financing issues, difficulties and certain issues which they have been encountering as well as capacity building. Besides, issues concerning dispute resolution with regard to concession agreement for implementing Public Private Partnership (PPP) projects were also discussed.</div><div> </div><div>"We are expecting the Kelkar committee report to be submitted before the end of this month or may be by first week of November. Some of the recommendations, if accepted by the government, can be operationalised far quicker. But some of the recommendations may require little more time. So it will depend on content of recommendation of the Kelkar panel," Das said. </div><div> </div><div>Further discussion in this regard would also take place between the RBI, banks and department of Financial Services. The terms of reference of the committee included measures to improve capacity building in government for effective implementation of PPP projects, review of experience of PPP policy, analysis of risks involved in such projects in different sectors and existing framework of sharing of such risks between project developer and government.</div><div> </div><div><em>ashish.sinha@businessworld.in</em></div><div> </div>
