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Webinar Details

Changing Risk Allocations in Indian Road Sector PPPs

by: Prof. Swapnil Garg

Associate Professor(Strategy Management) Indian Institute of Management, Indore

Thursday, February 22nd, 2018

3:00PM IST to 4:00PM IST

Event Description

With major policy changes post 1990, India is today one of the largest PPP markets in the world. There has been a consistent focus on the expansion of the road network and also upgradation of the existing network. As part of this, the National Highway Development Programme (NHDP) was launched in 1997 to grow a large road network. The Public-private partnership (PPP) model was adopted for this road development, given the advantages associated with it over conventional models. Further to the policy decision, many road development contracts were awarded under the various variants of the PPP model.

The PPP system in the country is well developed and has been continuously evolving to recuperate the private sector interests and has been globally recognized. The government has opened India's infrastructure sector making it an attractive investment destination, liberalized FDI norms, introduced innovative models like Hybrid Annuity in the road sector and has also promoted new avenues like Infrastructure Investment Trusts to raise funds.

Through the webinar, Professor Swapnil Garg, Associate Professor (Strategy Management), IIM Indore, will discuss the Indian government’s decisive role in the road sector development through PPPs. Subsequently, he will discuss some of the major achievements and the major issues and challenges that have been faced during the development of roads under the PPP model. The journey of India`s PPPs is proposed to be traced by identifying the evolution in the risk allocations between the government and private sectors over the last two and half decades. The webinar proposes to tie up these discrete initiatives under the risk allocation paradigm, to provide a holistic picture of what has happened in the sector and how it is likely to develop into the future.

Key points to be addressed:

  • Evolution of PPP
  • Strengthening policy and governance
  • Ups and downs of PPP model
  • Hybrid Annuity Model – Winner or Looser
  • Risk Allocation
  • Financing Structure
  • Future of the PPP model in the road sector

Who Should Attend?

  • Financial Institutions & End User Investors
  • EPC Contractors
  • Multilateral Funding Agencies
  • Toll Operators
  • Construction Firm and Contractors
  • Policy makers & Regulatory bodies
  • Legal Institutions, Consultants & Advisory Firms
  • Educational Institutions
  • Students and Researchers

About Our Speaker

Swapnil Garg

Professor Swapnil Garg is a faculty in strategic management area at the Indian Institute of Management, Indore since 2015. He completed his Ph.D. from the University of Florida, US in the year 2012, with a dissertation titled “Working the PPP: Coordination in Public-private partnerships”. His current research interests lie in investigating how Public-private partnerships work, public sector management, alternative pedagogies for management teaching and exploring the interface at which public and private sectors work.

He started his career as a mechanical engineering officer apprentice, when he joined the 1987 batch of Special Class Railway Apprentices, with Indian Railways. On completion of this 4-year mechanical engineering training, he joined Indian Railways as an officer in the IRSME cadre. He later earned an Executive MBA from Management Development Institute as part of the National Management Program –XIII, with specialization in Information Systems. After working for over 23 years in senior administrative, techno-managerial and academic positions (last posting as Senior Professor, Rolling Stock Technology) he took voluntary retirement and joined the academia.

He has presented/published his research in International Handbook on Public-private partnerships in emerging economies, Journal of Business Ethics, World Conference in Transportation Research, Data for policy conference, Academy of Management meetings, Strategic Management Society meetings, Southern Management Association meetings, GIFT, etc.

He has earned certification as an ISO 14001 lead auditor and has been a certified Project Management Professional. In 2013, he was awarded the Minister of Railway’s award for outstanding service.