Public Sector, Private Sector and Global Enterprises — OCM STD 11 Commerce — Question
Gujarat BoardEnglish MediumSTD 11 CommerceOCMPublic Sector, Private Sector and Global Enterprises1 Mark
Question
What is public - Private Partnership ?
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Answer
When government sanctions land to private sector to develop infrastructure and private sec-tor invests capital. In return for certain fixed years private sector maintains infrastructure and charges fee from the beneficiaries when this stipulated time is over, this infrastructure is submitted to the government. Thereafter government maintains the infrastructure. This arrangement is known as Public-Private Partnership.
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