In a recent episode of “FundTQ by Aanchal,” Satyam Shivam Sundaram, a partner at Ernst and Young’s Transaction Advisory Practice, was featured. He discussed the transformative impact of technology on public private partnership in India (PPPs). This was focused on the healthcare and agriculture sectors. Here are the key insights from the discussion:
1. Post-COVID Outlook in Healthcare and Agriculture Infrastructure:
In the wake of the COVID-19 pandemic, there has been a paradigm shift in the healthcare and agriculture domains, particularly in infrastructure development. The crisis has underscored the urgent need for robust healthcare systems. It has also highlighted the importance of resilient agricultural supply chains, driving increased investments in infrastructure.
2. Policy Initiatives Driving Growth in Healthcare and Agriculture:
Post-COVID, analysts expect governments to roll out supportive policies aimed at revitalizing the healthcare and agriculture sectors. These policies may include incentives for infrastructure development, investment-friendly regulations, and measures to promote innovation and technology adoption.
3. Technology’s Disruptive Role in PPPs:
Technology is reshaping traditional models of Public Private Partnership in India in healthcare and agriculture, offering innovative solutions to longstanding challenges. From telemedicine platforms and precision agriculture tools, technology is driving efficiency, transparency, and inclusivity in PPP projects.
4. Government’s Response to Technological Change:
Sundaram opined that governments are increasingly receptive to embracing technological advancements in PPPs. Recognizing the potential of technology to enhance service delivery, improve outcomes, and optimize resource allocation, policymakers are fostering an ecosystem conducive to innovation and collaboration.
5. Suggestions for Navigating the New Economy:
To harness the full potential of technology-enabled PPPs, stakeholders must prioritize collaboration, innovation, and sustainability. Sundaram emphasized the importance of public-private partnerships in co-creating scalable solutions, leveraging data-driven insights, and fostering a culture of continuous learning and adaptation.
As India embarks on its journey towards building a resilient and inclusive future, technology-driven PPPs hold the key to unlocking new opportunities, driving economic growth, and enhancing the well-being of its citizens. Through strategic collaborations and forward-thinking policies, India can redefine the future of healthcare and agriculture, paving the way for sustainable development and prosperity.
Check Out the video to know in detail:
Also Read: Union Budget 2021-2022
