From the Sec­re­tary Gen­eral’s Desk…

FICCI Business Digest - - News -

‘ Tbud­getary here is no gain­say­ing the fact that Pub­lic Pri­vate Part­ner­ship (PPP) is the need of the hour given the

con­straints of the gov­ern­ment. There­fore, it de­volves on the stake­hold­ers in­clud­ing the gov­ern­ment, pri­vate sec­tor, in­vestors and banks to work in tan­dem and re­move the ob­sta­cles and cre­ate a Model Con­ces­sion Agree­ment (MCA) which takes into ac­count the risks and spells out a frame­work for ef­fec­tive im­ple­men­ta­tion of a PPP project. With this in view, FICCI in as­so­ci­a­tion with the In­ter­na­tional Cham­ber of Com­merce (ICC) In­dia,or­ga­nized the fifth In­dia PPP Sum­mit in New Delhi in July end. We had the priv­i­lege of the pres­ence of Nitin Gad­kari, Union Min­is­ter for Road Trans­port, High­ways and Shipping, Gov­ern­ment of In­dia, who in­au­gu­rated the sum­mit. FICCI be­lieves that new mea­sures such as the Hy­brid An­nu­ity Model (HAM), Toll-Oper­ateTrans­fer (TOT) model and im­proved land ac­qui­si­tion process among other ini­tia­tives will drive the re­quired pri­vate sec­tor par­tic­i­pa­tion. In this con­text, a FICCI-EY study re­leased at the sum­mit has called for key in­ter­ven­tions to re­move the road­blocks to PPP and ac­cel­er­ate the im­ple­men­ta­tion of PPP projects. These in­ter­ven­tions would in­clude pol­icy ac­tions, reg­u­la­tory changes and push the re­forms agenda, which will cre­ate con­ducive en­vi­ron­ment for bring­ing in­vest­ments into the sec­tor. This is­sue of Busi­ness Di­gest car­ries the high­lights of the sum­mit. The first-ever visit of the Prime Min­is­ter of In­dia to Is­rael took place as the two coun­tries com­mem­o­rate the 25th an­niver­sary of full diplo­matic re­la­tions. The visit has un­doubt­edly raised the bi­lat­eral re­la­tion­ship to that of a strate­gic part­ner­ship. It is per­ti­nent to note that the In­dia-Is­rael CEOs Forum has been con­sti­tuted at a time when In­dia and Is­rael are seek­ing to ex­tend an in­sti­tu­tion­al­ized plat­form to harness the eco­nomic com­ple­men­tar­i­ties of the two vi­brant economies for col­lec­tively stak­ing claim to global busi­ness and in­vest­ment op­por­tu­ni­ties. The pres­ence of top CEOs from both the coun­tries as Forum mem­bers pro­vided the needed op­er­a­tional vi­sion to un­der­take har­mo­nized ef­forts for re­al­iz­ing co­op­er­a­tion in devel­op­ing new and in­no­va­tive ar­eas of col­lab­o­ra­tion. The es­tab­lish­ment of the CEOs Forum would cer­tainly give a boost to trade and in­vest­ment be­tween our two coun­tries so that they re­al­ize the full po­ten­tial. See re­port in the pages that fol­low. The USAID-FICCI Mil­len­nium Al­liance Ini­tia­tive (MAI) is an in­clu­sive plat­form which brings to­gether so­cial im­pact funds, ven­ture cap­i­tal­ists, cor­po­rate foun­da­tions, early in­vestors, donors, and oth­ers to sup­port and scale in­no­va­tive so­lu­tions to de­vel­op­ment chal­lenges that af­fect base of the pyra­mid pop­u­la­tions in In­dia and around the world. MAI rec­og­nized 24 high-im­pact so­cial in­no­va­tions from In­dia at an award cer­e­mony or­ga­nized in New Delhi on July 20, 2017. The 24 fi­nal­ists se­lected from a pool of 710 ap­pli­ca­tions will to­gether re­ceive fund­ing sup­port worth Rs. 8.15 crore. Union Min­is­ter of Science, Tech­nol­ogy & Earth Sci­ences, Dr. Harsh Vard­han, while pre­sid­ing over the func­tion said that the Mil­len­nium Al­liance awardees are pro­vid­ing low cost af­ford­able so­lu­tions at the last mile for the needy and at the same time have de­vel­oped busi­ness mod­els to sus­tain and scale their ven­tures. 'Science for So­ci­ety' is the new mantra with in­no­va­tion and en­trepreneur­ship be­ing two strong pil­lars driv­ing In­dia’s so­cioe­co­nomic growth. The Al­liance is a per­fect ex­am­ple of dis­cov­er­ing and cat­alyz­ing tech­nol­ogy and in­no­va­tion for devel­op­ing na­tions that are vi­tal to gen­er­at­ing so­cio-eco­nomic im­pact. Radha Mo­han Singh, Union Min­is­ter for Agriculture and Farm­ers Wel­fare, Gov­ern­ment of In­dia, while in­au­gu­rat­ing Na­tional Agriculture Mar­ket­ing Sum­mit, or­ga­nized by FICCI and the Gov­ern­ment in New Delhi on July 14, 2017, has sug­gested that States could de­clare the ware­houses as mar­ket sub-yards so that the farm­ers can store sur­pluses and sell di­rectly with­out hav­ing to trans­port the pro­duce to the Agri­cul­tural Pro­duce Mar­ket Com­mit­tee (APMC) yard. In or­der to ad­dress the con­straints of present agri­cul­tural mar­ket­ing sys­tem pro­moted by APMCs and en­sure ac­ces­si­ble mar­ket­ing fa­cil­i­ties to farm­ers, the Gov­ern­ment has shared a cor­rec­tive re­form with the states. We carry a re­port in this is­sue. We look for­ward to re­ceiv­ing your feed­back and com­ments.

A Di­dar Singh

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