Featured

Govt amends norms for financial support to PPP in infra

Views: 236

Real Estate Construction and InfrastructureThe Government of India approved amendments to the Public Private Partnership (PPP) guidelines to enhance financial support to projects in the infrastructure sector.

The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved the change in the definition of a ‘Private Sector Company’ in the guidelines for financial support to PPP in Infrastructure under the Viability Gap Funding Scheme (VGF Scheme), an official statement said.

As per the amendment, a ‘Private Sector Company’ means a company which is not a ‘Government Company’.

“Government company is defined as “any company in which not less than 51 percent of the paid-up share capital is held by the Central Government, or by any State Government or Governments, or partly by the Central Government and partly by one or more State Governments, and includes a company which is a subsidiary company of such a Government company,” it said.

Click to comment

Leave a Reply

Your email address will not be published.

Most Popular

.

About Us

Smart city portal was started with an aim to provide latest news information about the smart city mission of the Government of India. Founded in 2015, the portal enjoys the distinction of being India's first integrated website on smart cities of India. The website features stories on the economic growth of Indian cities where the government is trying to improve the quality of life of people by enabling local development and harnessing technology as a means to create smart outcomes for citizens.

Contact Us

Elets Technomedia Pvt. Ltd. Stellar IT Park, 7A/7B, 5th floor, Annexe Building, C-25, Sector 62 Noida – 201309, Uttar Pradesh, India

To Top