Boosting Economic Development in Bangladesh through Public- Private Partnership (PPP)

Public-private partnership is a service or a business venture funded, managed, and operated through a partnership between government and one or more private sector entities. It is argued that PPP is one of the best alternative modes of development because it draws upon the strengths of both the public and the private sectors and at once contributes to the elimination of weaknesses of both the sectors. It is essential to generate the concept of public private partnership for invigorating investment. This study reveals that different types of public private partnership model are used to increase the investment and growth rate. Development in infrastructure sector through private sector participation is believed to provide a boost to every sector of the economy. The existing PPP framework of Bangladesh is also compared with the PPP regulatory and institutional framework of India to identify the deficiencies in the prevailing PPP framework and formulate recommendation for making the framework time -befitting and effective.