Gurgaon, Haryana India (PressExposure) May 17, 2011 -- Hyderabad, the Public Private Partnership (PPP) entrepreneurs capital, will play host to Andhra Pradesh's 1st conference on PPP in railways on 23rd May 2011. The conference is being organized by Smart Wave Institute along with Maritime Gateway, its official media partner, at Taj Krishna.
Several eminent policy-makers from the Railway Board, key stakeholders from user industries have confirmed their participation in the conference, that seeks to address the new opportunities in railway from the PPP mode. As per Railway Budget 2011-12, Indian Railways expects to raise Rs.1776 Cr. through the PPP route. The budget provides opportunities for private investment with 85 proposals for PPP to address concerns regarding growing scarcity of rail logistics infrastructure the economy is grappling with today.
The conference assumes a special significance in view of the criticism of Rail Ministry from Finance Ministry over the inordinate delay in awarding PPP projects. Mr. N V S Reddy, Managing Director, Hyderabad Metro, welcomed the initiative taken by Smart Wave towards creating awareness about PPP and commented " If India has to achieve the aspirational GDP growth rate of 10 per cent per annum over the next few years, PPP is the only way forward for railways". Mr. Yogendra Sharma, CEO, Adani Rail Logistics and a well know expert in PPP echoed on the same lines and remarked "PPP should be a win-win situation rather than win-lose or lose-lose situation for both the parties. The process has started already. For the first time, the Railways has thrown open the development of freight terminals to the private sector."
The user industries being represented at the conference include ports, colliereis, cement, steel, fertiliser and foodgrains. Some of the leading rail logistics service providers, such as private container train operators, financiers, project developers, entrepreneurs and consultants will also participate in the deliberations.