Positive private sector interest in PURA

More than 93 companies have responded very positively towards the notice inviting 'expression of interest' under the implementation of Provision of Urban Amenities in Rural Areas (PURA) sponsored by the Ministry of Rural Development under the Public Private Partnership (PPP) Frame work. The companies that have sent proposals in this regard include TATA Power, TATA Reality & Infrastructure, Jamshedpur Utility Services Limited, Jindal Steels & Power, Apellon Energy (Ahmedabad), IL&FS, IDFC, Drishti, SPNLInfra, IVRCL Infraprojects, SPEI, NEPC (Chennai), Unity Infrastructure (Mumbai), Constructions Limited (Hyderabad), ACC , IFFCO and Reliance Energy.
Elaborating the modalities of scheme,the Additional Secretary and Financial Adviser in the M/o Rural Development Shri Arvind Mayaram said subsequent to the finalization of the proposals a tripartite agreement would be signed between the Ministry, the State Government and the Private Partner. A time frame of 13 years has been fixed for the success of schemes. The proposed business model has been combined with the infrastructure development.