India PPP Summit 2017 Post Event Report

India PPP Summit 2017 Post Event Report

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26th July 2017, FICCI, Federation House, New Delhi

OVERVIEW
Public Private Partnerships represent a valuable instrument that stimulates infrastructure development in the country. India has witnessed considerable growth in PPPs in the last decade and emerged as one of the leading PPP markets in the world.
In view of this, FICCI organized the fifth edition of the India PPP Summit on 26th July 2017 at Federation House, New Delhi.Shri Nitin Jairam Gadkari, Hon’ble Minister for Road Transport, Highways and Shipping, Government of India was the Guest of Honor and gave the Inaugural address in the summit.

The summit aimed at presenting the Report Card for PPP Projects and providing an opportunity to rebuild the trust deficit amongst the stakeholders. The summit discussed critical issues on existing policy framework and regulations concerning PPPs, fostering partnerships to invigorate PPPs and innovative financing solutions. It also provided an opportunity to elicit stakeholders’ views on facilitating an enabling environment for scaling up PPPs in the country.

Key Highlights

The India PPP Summit 2017 brought together senior government officials, private sector players from India and concerned stakeholders to enable result-oriented brainstorming, insights & industry trends during the interactive sessions.

  • The Summit was an overwhelming success which attracted over 250 representatives from India and overseas.
  • The Summit was instrumental in highlighting the PPP investment opportunities in Indian Transport Infrastructure sector and enhancing cooperation in transformation of the sector.
  • On the occasion, Hon’ble Minister released the FICCI-EY Knowledge Paper titled, ‘Revival of PPP Momentum in the transport sector’.

Inaugural

The following key dignitaries in the inaugural sessionofIndia PPP Summit 2017 shared Global perspective regarding the PPP scenario in the country.

  • Shri Nitin JairamGadkari, Hon’ble Minister for Road Transport, Highways and Shipping, Government of India
  • Shri Amitabh Kant, Chief Executive Officer, NITI Aayog
  • Dr Junaid Kamal Ahmad, India Country Director, South Asia, The World Bank
  • Mr K Ramchand, Chairman, FICCI National Committee on Infrastructure, Managing Director, IL&FS Transportation Networks Limited

Hon’ble Minister emphasized on the importance of Public private partnership (PPP) by saying that it is the need of the hour given the budgetary constraints of the government and that it was imperative that the stakeholders including the government, private sector, investors and banks work in tandem to weed out the obstacles and create a Model Concession Agreement (MCA) which accounts for all the risks, issues and spells out a framework for effective implementation of a PPP.

He also said that the public transport running on biofuel and electricity was the focus of the government as it would be environment friendly and cost effective. He further added that bus ports are on the anvil, which would be on the lines of airports offering world-class amenities.

Alluding to the development of inland waterways, the minister said that work has begun towards developing inland waterways in Ganga and Brahmaputra Rivers that would bring down logistics cost drastically and reduce the time of transportation of goods.

In his Special Address, Mr. Amitabh Kant, said that there was a need to bid out PPP projects only after all requisite approvals such land acquisition and environment clearances are placed in SPV to develop world-class infrastructure. Also, a dedicated machinery should develop de-risk projects. He urged the private sector to bid on a project only after due diligence with a rational approach. Besides, new areas of PPP such as social sectors should be explored.

He further added that there is a huge opportunity for private sector and the government should market the projects well for attracting private sector investments.

Mr. Junaid Kamal Ahmad said that there is a need to incentivize states to manage PPPs and corporatize agencies that could be held accountable by the capital market. He added that The World Bank’s priority is to engage with the government, private sector and civil society.

Mr. K Ramchand, said that NITI Aayog is currently in the process of preparing a list of 10 big infrastructure projects across sectors that can be developed under the PPP mode and is also working on the flexible structuring of PPP projects. He added that new measures such as the Hybrid Annuity Model (HAM), Toll-Operate-Transfer (TOT) model and improved land acquisition process among other initiatives will drive the required private sector participation.

Session-1

The first business session on ‘PPP Report Card’ provided an opportunity for the government officials to present Report Card for the PPP projects, review the existing PPP structure, discuss Revitalizing PPP model of infrastructure, Assess the role of 3P India, highlight Government initiatives to build a strong PPP market and examined the policy reforms initiated for fostering a conducive environment to encourage private investments

The panelists consisted of high ranking government officials from Ministry of Finance, Indian Ports Association (IPA)and Airports Economic Regulatory Authority of India (AERA)who emphasized on the initiatives taken by the government to enhance the PPP market in India and also highlighted the current status of the PPP scenario in the country.

Session-2

In the second business session on ‘Fostering Partnership to Invigorate PPPs in Infrastructure’, the government officials and industry members had one to one discussion on the PPP scenario in the country. The panelists consisting of senior level executives from various private companies like JSW Infrastructure, Alstom, Adani Ports, IIFCL, GMR and CRISIL spoke at length about the key learnings from PPPs and discussed the successful PPP case studies. They also spoke about assessing project attractiveness, paving the way for solid partnerships, policies required to restore private participation in PPPs and the risk/reward relationships of the lenders & borrowers.

Session-3

The third and the final business session on ‘Means of Innovative Finance for Infrastructure Development’ consisted of panelists from organisations like Asian Development Bank (ADB), Asian Infrastructure Investment Bank (AIIB), International Finance Corporation (IFC), HSA Advocates and L&T Infra Debt Fund. Their discussion focused onproviding an opportunity for driving infrastructure investments in India and leveraging collaborative partnerships for financial needs. Other issues highlighted included Multilateral Development Banks (MDBs) as the financial firepower for infrastructure development, value capture financing and alternative financing sources like InvITs and Bond market financing.

 

Link for downloading knowledge report

 

Venue: FICCI, Federation House, New Delhi

PROGRAMME

 0930 – 1030 hrs  Registration
 1030 – 1155 hrs  Inaugural Session
 1030 – 1035 hrs  Welcome Address – Mr Subhrakant Panda, President, ICC India, Managing Director  &  Chief Executive Officer, Indian Metals & Ferro Alloys  Limited
 1035 – 1045 hrs  Opening Remarks – Mr K Ramchand, Chairman, FICCI National Committee on  Infrastructure, Managing Director, IL&FS Transportation Networks  Limited
 1045 – 1055 hrs  Theme Presentation – Mr Somesh Kumar, Partner, Ernst & Young LLP
 1055 – 1105 hrs  Special Address – Dr Junaid Kamal Ahmad, India Country Director, South Asia, The  World Bank
 1105 – 1115 hrs  Special Address – Shri Amitabh Kant, Chief Executive Officer, NITI Aayog
 1115 – 1120 hrs  Release of Knowledge Paper
 1120 – 1150 hrs  Inaugural Address – Shri Nitin Jairam Gadkari, Hon’ble Minister for Road  Transport,  Highways and Shipping, Government of India
 1150 – 1155 hrs  Vote of Thanks – Capt B V J K Sharma, Chairman, FICCI Taskforce on Ports and  Shipping, Joint Managing Director & Chief Executive Officer,  JSW Infrastructure Limited
 1155 – 1300 hrs  Business Session 1: PPP Report Card

The session will provide an opportunity for the government officials to present Report     Card for the PPP projects; Review the existing PPP structure; Revitalizing PPP model of   infrastructure, Assessing the role of 3P India; Government initiatives to build a strong   PPP market; Policy reforms initiated for fostering a conducive environment to  encourage   private investments

 Moderator  Mr Shailesh Pathak, Chief Executive Officer, CityInfra Capital LLP
 Session Speakers  Presenting PPP Report Card:

 Ms Sharmila Chavaly, Joint Secretary (I & E), Department of Economic Affairs, Ministry  of Finance

 Mr A Janardhana Rao, Managing Director, Indian Ports Association

 Mr S Machendranathan, Chairperson, Airports Economic Regulatory Authority of India

   Q&A
 1300 – 1400 hrs  Networking Lunch
 1400 – 1500 hrs  Business Session 2: Fostering Partnership to Invigorate PPPs in  Infrastructure

The session will provide an opportunity for the government officials and industry giants  to have one to one discussion on the PPP scenario in the country; Key learnings from  PPPs and reciprocating the success story; Assessing project attractiveness, Paving the  way for solid partnerships; Policies required to restore private participation in PPPs;  Risk/reward relationships of the players, lenders & borrowers

 Moderator  Mr Sudip Sural, Senior Director, Infrastructure & Public Finance, CRISIL Limited
 Session Speakers Capt B V J K Sharma, Chairman, FICCI Taskforce on Ports and Shipping, Joint  Managing Director & Chief Executive Officer, JSW Infrastructure  Limited

 Mr Amit Uplenchwar, President, Adani Ports and Special Economic Zone Limited

 Mr Bharat Salhotra, Managing Director, Alstom Transportation India Limited

 Dr E S Rao, Director and Chief Executive Officer, IIFCL Asset Management Company  Ltd.

 Mr Sidharath Kapur, President & CFO, GMR Group

   Q&A
 1500 – 1515 hrs  Networking Tea/ Coffee
 1515 – 1615 hrs  Business Session 3: Means of Innovative Finance for Infrastructure  Development

The session will provide an opportunity for driving infrastructure investments in India; Leveraging collaborative partnerships for financial needs; Multilateral Development  Banks the financial firepower for infrastructure development; Value capture financing;  Alternative financing sources; InvITs; Bond market financing

 Moderator  Mr P R Jaishankar, Chief General Manager, India Infrastructure Finance Company  Limited
 Mr Kenichi Yokoyama, Country Director – India Resident Mission, Asian Development  Bank

 Mr Dong-ik Lee, Senior Operations Consultant, Asian Infrastructure Investment Bank

 Mr Shiva Rajaraman, National Head – Strategic Initiatives & Chief Executive, L&T Infra  Debt Fund Limited

 Mr Vikramjit Singh, Senior Country Officer – India, International Finance Corporation

 Mr Hemant Sahai, Founding Partner, HSA Advocates

 Q&A
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