The Vijay Kelkar Committee to review the PPP model of infrastructure development submitted its report to Finance Minister Arun Jaitley on 19 November 2015. The committee was headed by Vijay Kelkar, former Chairman of the Finance Commission.
- The committee analysed the risks involved and the existing framework of risk-sharing between the project developer and the government in the PPP model and gave its recommendations. The report of the Committee has recommended reviving the PPP model and redesigning it by introducing best international practices and by improving capacity building.
- During the consultation period, leading infrastructure players had pitched before the Committee for a neutral regulator to look into all issues arising in PPP projects across sectors. The report of the committee is being put into the public domain soon.
- Apart from its head, Vijay Kelkar, the 10-member committee included CS Rajan (Chief Secretary, Rajasthan) SB Nayar (Chairman and Managing Director, India Infrastructure Finance Company Ltd), Shekhar Shah (Director-General, NCAER), Pradeep Kumar (Managing Director, CBG State Bank of India) and Vikram Limaye (MD, IDFC).
