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FRONT PAGE: Foreign equity minuscule in public-private projects.
from BUSINESS LINE, December 25, 2009 New Delhi, Dec. 24 - Even as the Centre is aggressively pushing the public-private partnership (PPP) formula in virtually every sector, official data show a minuscule one per cent share of foreign equity in total investments under this head.
According to the Department of Economic Affairs (DEA), there were 450 PPP projects operational in the country as on November 15, involving an aggregate outlay of Rs 2,24,175.75 crore. The DEA study, pertaining to 300 of these projects, reveals foreign multinational equity participation in only 22 of them.
Indian investment The foreign equity component, involving 27 overseas entities, in these …
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