Availability of better infrastructure is a key driver for faster growth. With rapid population growth and increasing urbanization the demands for better infrastructure are growing at a higher rate. But it is the increasing fiscal constraint due to declining tax to GDP ratio, widening debt to GDP ratio and other planning and management inefficacies, Indian Government is finding it difficult to fund the long gestation period big infrastructural and other important projects. The need for huge amount of fund for investment and ineffective public regulation has led to the provision of private sector’s participation in development and management of infrastructure and the provision of public services in India. As a result of that we are witnessing a major change in Government’s policies and actions where big private companies are encouraged to be partner with the government in completing the projects. This type of arrangement between Public and Private Players is coined as PPP (Public Private Partnership), where Private parties bears the maximum risks including financing and management parts of the project. There are other types of options as well such as Design-Build-Finance-Operate-Transfer (DBFOT),Build-Own-Operate-Transfer (BOOT).A number of MoU’s (Memorandum of Understandings) are being signed between Centre, different States and Private companies in expediting the completion of the big projects by keeping all sorts of legal and managerial options in proper order. But many PPP projects are stalled which questions very much the viability of this kind arrangement in giving a pace to the other PPP agreement which is expected to be signed in future. Many complex issues and risks are cropping up into these type arrangement including legal, managerial and financial.