Wednesday, April 15, 2015

Private Company definition made clearer for PPP Funding

Any company where the Centre, state government, or both, doesn't hold at least 51 per cent of equity would be treated as a private-sector company for financial support under Public- Private-Partnership (PPP). This decision was taken by the Cabinet Committee on Economic Affairs (CCEA) and pertained to a particular kind of financial support - Viability Gap Funding (VGF). A subsidiary of a government company would also be treated as a government firm.


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