Ziqitza Healthcare ltd - Why public private partnership is blooming in India
The public private partnership model gained popularity in the late 1980s, as an alternative tool to address the infrastructural inadequacies and to assist the governments in overcoming the financial investment constraints. The public private partnership model or framework gained prominence or became popular in both developing and developed nations. The Government of India defines the public–private partnership or PPP or 3P as a commercial legal relationship. Ziqitza Healthcare ltd , a prominent healthcare and emergency service providing organisation explains that public private partnership is an arrangement between a government, or statutory body or government owned body on one hand, and a private sector company or entity or body on the other hand, for provision of public services. Ziqitza elaborates that the government of India recognizes several types of PPPs such as, Performance based management/maintenance contracts, Modified design-build (turnkey) cont...