Guest Lecture from Punit Malik, Managing Director, Yes Bank [Nov 2010]
The most significant driver for robust growth of an economy is the provision of a quality infrastructure. Infrastructure projects require huge capital and the rate of returns is slow – this brings in the most logical problem – who will invest? How much? The most recent solution to this problem seems to be the PPP or the Public Private Partnership model that successfully combines the huge investment capabilities of the public sector with the professionalism of the private sector.
On 26th November we had Mr. Punit Malik[/b], Managing Director (Capital Finance) from Yes Bank to share his views about PPP in India, particularly in infrastructure domain. The guest lecture, one of the many held on campus as a part of the Idea Series[/b] focused on various aspects of PPP in the infrastructure sector with dedicated focus on the multiple financial vehicles and tools that are employed in the sector along with the role of banks in such projects.
The session started with a brief introduction about the need of a PPP in long term financing. The one and half hour lecture covered most of the issues related to PPP viz. the need for risk sharing, modes of partnership, major failures and their impact, etc. In all, the lecture provided a brief insight about the scope and future in infrastructure financing.
During interaction with the students, some pertinent questions were discussed which included concepts like project ratings and the degree of involvement of banks.