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Forthcoming Projects

Investment (Estimated) Rs. in Crore

Upgradation of Road Network, ROB

2,500

Technical Education

2634

Public Transport

1,600

Tourist Guest Houses Tourism Initiatives- Buddhist Kushinagar International Airport

Circuit,

554 560

Nakud-Gangoh International Airport

2,000

Taj International Airport

4,000

Urban Development Projects

211

Total

154,338

Strategy

185.

Encouragement of the private sector and reliance upon competition and market forces do not mean

that the State has no role to play or even that its role in development may be reduced. What is involved is not so much a reduction in the role of the State as reorientation of the role of the public sector. The State

must withdraw from competition and an technology.

the role of being a controller and efficient financial sector will

licensor of private enterprise in areas where market ensure appropriate decisions of investment and

186.

Public investment in infrastructure will have to be supplemented by efforts to attract private

investment in these areas wherever possible. All major infrastructure sectors have already been opened to private investment. However to attract private investment in infrastructure we must ensure that the policy framework in each sector makes it possible for private investors to invest in these sectors with reasonable

expectation of an attractive return. The deficiencies in the existing policies in each sector, as revealed by the experience of the past few years, need to be reviewed and urgently corrected. It should be the objective to put in place of policy framework which draws from best practice internationally and is tailored to the

specific requirement of our situation.

187.

Unless the availability of equity and long term debt to the private sector is increased substantially

in coming years, likelihood of adequate private investment in these sectors appear remote at the moment. The initiative taken by Government of India to create a ‘Viability Gap Funding Scheme’ is a step in the

right direction and could lead to more vibrant PPP in the Eleventh Plan.

Voluntary Sector

188.

Voluntary organizations are seen as governance structures reinforcing the norm of (generalized or

balanced) reciprocity, making possible the pooling of resources based on the reciprocity principle. Voluntary organizations’ governance structure presents some specific features in terms of formal ends,

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