"All that needs to be set right away because you cannot wish away private sector. The first budget of the current Finance Minister on July 14, 2014 saw that Rs 500 crore was allocated for 3P India. NEW DELHI: Pegging the stuck liquidity with government bodies at Rs 1.25 lakh crore, industry body CII has sought setting up a 'Renegotiation Commission' to revive private sector investment in infrastructure.It has also pressed for introduction of Public Utilities Dispute Resolution Bill in Parliament besides implementation of Kelkar Committee report. "Right now there is a downplay of sentiment on PPP and public expenditure on infra ... "It was a clear indication by the NDA government as soon as it came to power but government is midway in its tenure and urgent steps are needed now," he said.Dispute resolution mechanism can solve many of the problems that the private sector is battling with, he said.

Source: Economic Times July 21, 2016 10:40 UTC