Indian Institute of Management Bangalore

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About the course

The role of infrastructure development cannot be overemphasized. Infrastructural investments constitute a very large part of the capital formation in India today, and increasing role of the private sector both in form of PPPs and investments in regulated industries is imperative. Yet in many sectors where due to limitations in design and policy the developments have not been rapid enough and poor performance have resulted in a drag in the economy. Many of the limitations in design could have been anticipated. In this course we lay out the basis for interventions by government and participation of the private sector and financing challenges. We also bring out the changes necessary in the approach in a number of sectors, and thereby bring out the main issues that have constrained infrastructure. We also bring out approaches to risk assessment and allocation that are appropriate for particular sectors. The course would benefit consultants, regulators, government officials, developers, financial institutions hoping to get right their approach to the design of policy, law, and frameworks, upfront thereby avoiding the much iteration that projects/ the design go through.

CONTENT

  • Varieties of market failure: natural monopoly, lack of appropriability, and experience goods characteristic to identify sectors of infrastructure.
  • Responses to market failure: regulation, public ownership, incentive regulation and marketization, and newer forms of contracting
  • Sectors of infrastructure and their failure
  • Tariff principles, Congestion pricing
  • Public Private Partnerships – risk allocation and design considerations, financing PPPs, endogenous risk, contract adherence
  • Contracting, agreements and procurement
  • Infrastructure financing PPP s , financing instruments and structuring
  • The law and infrastructure
  • Issues in Infrastructure development today
  • Risks in the current policy (examples)
  • Land and infrastructure – Risks in acquisition, working of land markets in India
  • Case studies of infrastructure development in India

KEY BENEFITS/TAKEAWAYS

nfrastructure is key to higher economic growth and life in India. However, Infrastructure development has been less than desirable, both in quality and quantity, inspite of focused attention at the highest levels in government. The issue are often related to project structuring, risk assessment and management, financial analysis, tendering, Bidding & agreement, land acquisition and environmental concerns, project management, communication operations, post project restructuring. Enabling all this would be an appropriate financing, regulatory and legal infrastructure. The programme is intended to highlight the significance of these issues through case studies and help reflect on systematic solutions. The programme would be of great value to middle and senior management to a variety of stake holder in this domain.

Who should attend

Officials of FIs, PPP cells, government, developers, companies in infrastructure, managers of banks and financial institutions, infrastructure consulting firms, government and infrastructure verticals of Consultancies, regulatory institutes and legal firms dealing in infrastructure.

Trust the experts

G Raghuram

Raghuram has been Director, IIM Bangalore, since February 2017. Prior to taking over as Director of IIM Bangalore, he was Professor and Chairperson of the Public Systems Group at IIMA. He has been Dean (Faculty), IIMA, Vice-Chancellor of the Indian Maritime University and Indian Railways Chair Pr...

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V Ravi Anshuman

Professor V Ravi Anshuman’s research interests cover the areas of Market Microstructure, Infrastructure Financing, and Corporate Financial Management Issues in Emerging Markets. His publications have appeared in the Review of Financial Studies, Journal of Financial Economics, Journal of Financial...

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