Faculty at School of Management and Entrepreneurship
Kumar V Pratap
Professor of Practice
School of Management and Entrepreneurship
Contact Information
- Email: [email protected]
Infrastructure, Public-Private Partnerships, Infrastructure Finance and Infrastructure Regulation
PhD (2011) from University of Maryland, College Park, USA (Topic of dissertation – Sustaining Privatization of Infrastructure); MBA (1987) in Finance from IIM, Lucknow
35 years of experience with World Bank (Washington DC), Indian Prime Minister’s Office (Deputy Secretary), Ministry of Finance [Joint Secretary (Infrastructure Policy & Finance)], Ministry of Commerce & Industry (Principal Economic Adviser), and Visiting Professor [Indian School of Business (Hyderabad and Mohali), IIM Shillong, Management Development Institute (Gurgaon).
| S. No. | Name of the Award / Year | Awarded by |
| 1. | Sustainable Infrastructure Fellowship / 2022 | Schulich School of Business (York University, Canada) and Investor Leadership Network (ILN) |
| 2. | Emerging Leaders Fellowship / 2013 | Melbourne University, Australia |
| 3. | PhD Fellowship / 2006 | University of Maryland, College Park, USA |
| 4. | John J. Sexton Fellow / 1999 | University of Maryland, College Park, USA |
| 5. | National Talent Search Examination (NTSE) Scholarship / 1982 | NCERT |
- Panelist to decide on the Blackrock Applied Research Awards in Finance and Economics. Event held on 23 October 2024 (for the first time in India). Applicants for the awards were PhD candidates worldwide and had to showcase their dissertations in finance and economics.
- Regular speaker at the IMF (South Asia Regional Training and Technical Assistance Center), New Delhi at capacity building programs for Government officers of India, Bangladesh, Bhutan, Maldives, Nepal and Sri Lanka. I spoke there last on 16 October 2025 for capacity building of Indian Government officers.
- Regular speaker at the Economic Times Infrastructure conferences, the most recent being the Economic Times Infra Leadership Summit held on 27 November 2025 at New Delhi.
- Led the Indian delegation to G20 Infrastructure Working Group meetings (2017-20) held in Argentina, Australia, Japan, Saudi Arabia, Singapore, and UK. Contributed extensively to the G20 Principles for Quality Infrastructure Investment, that were adopted by the G20 leaders in 2019 (under Japanese G20 Presidency).
- Letter of Appreciation from the Prime Minister of India in 2004
- Member, Board of Advisors, Center for Public Policy, Indian Institute of Management, Lucknow
(August 2023 – Present) - Member, Academic Council, Gati Shakti Viswavidyalaya (Ministry of Railways, GoI), Vadodra, Gujarat
(July 2024 – Present) - Member Secretary of the Task Force that prepared India’s first National Infrastructure Pipeline (NIP), which was released by the Indian Finance Minister on 31 Dec 2019. The NIP aims to rollout infrastructure projects valued at about $1.5 trillion in the six-year period up to Financial Year 2024-25.
- Member of the Board of Directors of North Eastern Development Finance Corporation Ltd (NEDFi) (2021-23)
- Member of the Board of Directors of ONGC Videsh Limited (2018-20)
- Member of the Board of Directors of Indian Railway Finance Corporation (IRFC) (2018-20)
- Member of the Board of Directors of India Infrastructure Finance Company Limited (IIFCL) (2018-20)|
- Member of the Board of Directors of Indian Railway Station Development Corporation (IRSDC) (2018-20)
- Alternate Director at Asian Infrastructure Investment Bank (AIIB, Beijing) (2018-20)
- Member of the Board of Directors of Indore Smart City (2015-17)
| S.No. | Title | Name of Co-author(s) | Journal Name & Publisher | Volume & Issue | Year | Category (FT50 / ABDC) |
| 1. | Implications of the RBI proposed Project Finance provisioning norms | NA | Economic and Political Weekly | 59(29) | 2024 | ABDC - B |
| 2. | Infrastructure Investments | NA | Economic and Political Weekly | 59(19) | 2024 | ABDC - B |
| 3. | Autonomous Regulation and Regulatory Risk – Why Railways and Coal Should Not Have Independent Sectoral Regulators | NA | Economic and Political Weekly | 58(28) | 2023 | ABDC - B |
| 4. | The increasing incidence of PPP project cancellations in India | NA | Economic and Political Weekly | 51(39) | 2016 | ABDC - B |
| 5. | User Fees and Political and Regulatory Risks in Indian Public-Private Partnerships | NA | Economic and Political Weekly | 50(36) | 2015 | ABDC - B |
| 6. | Floundering PPPs in India – Some suggestions for saving the regime | NA | Economic and Political Weekly | 49(15) | 2014 | ABDC - B |
| 7. | Delhi Airport Metro Fiasco – What can be done to Redeem the Project? | NA | Economic and Political Weekly | 48(49) | 2013 | ABDC - B |
| 8. | Renegotiations in Long-term Infrastructure Contracts | NA | Economic and Political Weekly | 48(17) | 2013 | ABDC - B |
Books
| S.No. | Title | Name of Co-author(s) | Publisher Name with Country & ISBN | Year of Publication |
| 1. | Infrastructure Financing in India – Trends, Challenges and Way Forward | Manshi Gupta | Oxford University Press, USA ISBN 978-0-19-888493-4 |
2024 |
| 2. | Public Private Partnerships in Infrastructure: Managing the Challenges | Rajesh Chakrabarti | Springer Science and Business Media, Singapore ISBN 978-981-10-3355-1 |
2017 |
| 3. | Impact of the Global Financial Crisis on Investments in South Asia’s Electric Power Infrastructure | Mohua Mukherjee (Co-editor) | World Bank, Washington DC Report No. 10986/2919 |
2010 |
Book Chapters
| S.No. | Title of the Chapter | Name of Co-author(s) | Title of the Book | Name of Editor(s) | Publisher Name with Country & ISBN | Year of Publication |
| 1. | PPP Procurement and Governance in India: Lessons from COVID-19 and Way Forward | NA | Revisiting Public-Private Partnerships – Lessons from COVID-19 | Tharun Dolla, Boeing Laishram, Ganesh Devkar | Springer ISBN 978-3-031-37014-4 |
2023 |
| 2. | Infrastructure Financing in India—Trends, Challenges and Way Forward | Mira Sethi | 20 Years of G20 – From Global Cooperation to Building Consensus | Rajat Kathuria, Prateek Kukreja | Springer Nature Singapore Pte Ltd ISBN 978-981-13-8105-8 |
2019 |
| 3. | Does Privatization Lead to Benign Outcomes? The Indian Experience and Policy Lessons | NA | Policies for India’s Development | Rajeev Malhotra | Oxford University Press, India ISBN 0-19-808013-1 |
2012 |
| S. No. | Name of the Programme | From | To | Title / Content of Session |
| 1. | Mid-career Training Program for IAS officers at LBSNAA, Mussoorie | 20 May 2025 | 20 May 2025 | Public-Private Partnerships (PPPs) in Infrastructure – Opportunities and Challenges |
| 2. | Training Program for Doctors at IIM Ahmedabad | 18 February 2025 | 18 February 2025 | PPPs in Health Infrastructure |
| 3–9 | Training Program for Government officers from India, Bangladesh, Bhutan, Maldives, Nepal and Sri Lanka at IMF (South Asia Regional Training and Technical Assistance Center), New Delhi | 16 Oct 2025 11 Oct 2024 23 Sept 2024 6 July 2023 17 Feb 2023 09 Dec 2022 14 Oct 2022 |
16 Oct 2025 11 Oct 2024 23 Sept 2024 6 July 2023 17 Feb 2023 09 Dec 2022 14 Oct 2022 |
Public-Private Partnerships in Infrastructure: Opportunities and Challenges |
| 10–13 | Mid-career Training Program for Government officers on “Capacity Building for PPP and Project Finance” at IIM Ahmedabad, IIM Kozhikode, IIM Shillong and IIM Lucknow | 19 Sept 2023 7 July 2023 16 June 2023 22 May 2023 |
19 Sept 2023 7 July 2023 16 June 2023 22 May 2023 |
Risk Analysis in Infrastructure Projects Private Participation in Infrastructure |
| 14. | Phase III mid-career training of IAS officers (10–15 years seniority) at LBSNAA, Mussoorie | 5 January 2023 | 5 January 2023 | Asset Monetization and Revenue Generation |
| 15. | MDP for Government Officers at IIM Ahmedabad | 02 September 2019 | 02 September 2019 | Infrastructure and PPPs – Opportunities and Challenges |
| 16. | India Trek 2017 Lecture Series; Organizing Institution – Harvard University | 15 December 2017 | 15 December 2017 | Private Participation in Infrastructure |
| 17. | Capacity building program for 2015 batch IAS officers | 4 August 2017 | 4 August 2017 | Private Participation in Infrastructure |
| 18. | Advanced Management Program in Public Policy; Indian School of Business, Mohali | 15 July 2017 | 15 July 2017 | Infrastructure Regulation |
| 19. | MDP for officers from Ministry of Railways; Indian School of Business, Hyderabad | 25 September 2014 | 25 September 2014 | Public Private Partnership in Railways |
| 20. | Mid-Career training of IAS officers; National Academy of Audit and Accounts, Shimla | 8 October 2013 | 8 October 2013 | Governance issues in Public-Private Partnerships |
- Making infrastructure policy in a data vacuum. Economic Times · Dec 3, 2025. (Making infrastructure policy in a data vacuum, ETInfra)
- A More Durable Relationship—The Case of Canadian Funding of Indian Infrastructure, IIM Shillong Journal of Management Science (Sage Journal; Scopus indexed) (2 May 2025) (https://journal.iimshillong.ac.in/pages/table-of-contents/fulltext/?id=395&title=A+More+Durable%C2% A0+Relationship%E2%80%94The%C2%A0+Case+of+Canadian%C2%A0+Funding+of+Indian%C2%A 0+Infrastructure)
- “The role of reasonable user charges in financing the National Infrastructure Pipeline” [SAGE journal, Vikalpa (IIM, Ahmedabad) 47(3) 1-6, 2022] (https://journals.sagepub.com/doi/pdf/10.1177/02560909221117698)
- "Are we creating outcomes similar to Power sector by proliferating Metro rail across cities in India?" [SAGE journal, Vikalpa (IIM, Ahmedabad)46(1) 7–12, 2021] (https://journals.sagepub.com/doi/pdf/10.1177/02560909211015455)
- Mobile phone PLI is an Indian success story, Business Standard, 20 June 2023 (co-author) (https://www.business-standard.com/opinion/columns/mobile-phone-pli-is-an-india-success-story-123061900903_1.html)
- Infrastructure Imperatives for India's G20 Presidency, Financial Express, 19 November 2022 (The infrastructure imperative | The Financial Express)
- Indian Infrastructure: The road sector shows the path, Financial Express, 20 June 2022 (https://www.financialexpress.com/opinion/the-road-sector-shows-the-path/2565904/)
- A New Sun Rise in the North East, Financial Express, 6 June 2022 (https://www.financialexpress.com/opinion/a-new-sun-rise-in-the-north-east/2550454/)
- Budget FY23 must ease infra-funding, Financial Express, 18 January 2022 (https://www.financialexpress.com/opinion/budget-fy23-must-ease-infra-funding/2409002/)
- Don’t give in to airports’ Covid-relief demand, Financial Express, 7 June 2021 (https://www.financialexpress.com/opinion/dont-give-in-to-airports-covid-relief-demand/226619 1/)
- Energy Transition: No rush for India on Net Zero, Financial Express, 12 May 2021 (https://www.financialexpress.com/opinion/energy-transition-no-rush-for-india-on-net-zero/2250 247/)
- Infrastructure lessons from States, Financial Express, 20 April 2021 (https://www.financialexpress.com/opinion/infrastructure-lessons-from-states/2236344/)
- Connecting The Dots: How Covid-19 pandemic could prove to be an opportunity to build more & better infrastructure, Financial Express, 16 March 2021 (https://www.financialexpress.com/opinion/connecting-the-dots-how-covid-19-pandemic-could-p rove-to-be-an-opportunity-to-build-more-better-infrastructure/2213380/)
- Union Budget FY22: The reforms push to infrastructure, Financial Express, 9 February 2021 (https://www.financialexpress.com/opinion/union-budget-fy22-the-reforms-push-to-infrastructure/2190727/)
- Budget 2021-2022 – Focus on Urban Infra Innovation, Financial Express, 30 January 2021 (https://www.financialexpress.com/opinion/budget-2021-focus-on-urban-infra-innovation/218217 7/)
- Upholding the sanctity of contracts, Financial Express, 5 January 2021 (https://www.financialexpress.com/opinion/enforcing-contracts-upholding-the-sanctity-of-contrac ts/2164254/)
- Public-Private Partnership (PPP) project failures: Don’t put zombies on life-support, Financial Express, 10 December 2020 (https://www.financialexpress.com/opinion/public-private-partnership-ppp-project-failures-dont-p ut-zombies-on-life-support/2146855/)
- Power play: How renewables’ march could end state discom era, Financial Express, 27 October 2020 (https://www.financialexpress.com/opinion/power-play-how-renewables-march-could-end-state-d iscom-era/2114342/)
- Why inducting private sector into operation and maintenance of Delhi’s water supply system is a positive step, Financial Express, 3 October 2020 (https://www.financialexpress.com/opinion/why-inducting-private-sector-into-operation-and-mai ntenance-of-delhis-water-supply-system-is-a-positive-step/2096940/)
- Air India privatisation: What happens when we forget first principles, Financial Express, 28 August 2020 (https://www.financialexpress.com/opinion/air-india-privatisation-what-happens-when-we-forget-first-principles/2067634/)
- A new normal in Infrastructure, Financial Express, 24 July 2020 (https://www.financialexpress.com/opinion/a-new-normal-in-infrastructure-barring-the-onset-of-s econd-covid-wave-the-worst-is-behind-us/2033384/)
- Renewing faith in PPPs, Financial Express, 12 June 2020 (https://www.financialexpress.com/opinion/renewing-faith-in-public-private-partnerships/198889 2/)
- How to reduce India’s infrastructure deficit, Business Standard, 3 May 2020 (https://www.business-standard.com/article/opinion/how-to-reduce-india-s-infrastructure-deficit-120050200944_1.html)
- Challenges for Infrastructure Public-Private Partnerships in Emerging Markets, Indian School of Business Working Paper (2015) (with Rajesh Chakrabarti and Richard de Neufville) (https://www.isb.edu/research/working-papers/challenges-infrastructure-public-private-partnerships-emer ging-markets)
- Value for Money in Public-Private Partnerships in Indian Infrastructure, University of Melbourne, Australia (2015) (http://www.aii.unimelb.edu.au/publications/emerging-leaders-report-volume-four)
- Some Issues in Road and Power Sector Public-Private Partnerships (background note for India Public Policy Report, March 2014, Oxford University Press) (http://www.oup.co.in/product/academic-general/economics/development-economics/155/india-public-po licy-report-2014/9780199452040)
- Regulation of Renewable Energy in India – Lessons from International Experience (book chapter in IDFC Law Reporter, Third Anniversary Issue, November 2011)
- Does Privatization Lead to Benign Outcomes? A Case Study of India, Sanford Journal of Public Policy (Duke University), Volume 2, Issue 1 (Spring 2011) (http://sjpp.sanford.duke.edu/wp-content/uploads/2011/05/SJPP-Vol.-2-Iss.-1.pdf)
- What drives private sector exit from infrastructure? Economic crises and other factors in the cancellation of private infrastructure projects in developing countries, Gridlines:No.46, March 2009, World Bank: Washington DC (co-authored with Clive Harris, Practice Manager, Public Private Partnerships, World Bank Institute, The World Bank) (http://www.ppiaf.org/ppiaf/sites/ppiaf.org/files/publication/Gridlines-46-Private%20Sector%20Exit%20-%20CHarris%20KPratap.pdf)
- Religious Service Attendance and Civic Engagement Among Youth, Center for Information & Research on Civic Learning and Engagement (CIRCLE), now at Tufts University, USA, April 2007 (http://www.civicyouth.org/religious-service-attendance-and-civic-engagement-among-15-to-25-year-old s/)
- 15 older articles in Economic Times, Business Standard, Indian Express, and Financial Express on Public-Private Partnerships in infrastructure, infrastructure, financing options for the power sector, privatization, and other economic issues (http://www.indianexpress.com/news/disinvestment-programme-in-india-a-look-at-the-returns/1094170/) (http://www.financialexpress.com/news/disinvestment-programme-in-india-a-look-at-the-returns/1094294/0) (http://economictimes.indiatimes.com/news/economy/infrastructure/flawed-delhi-noida-toll-bridge-projec t-should-be-renegotiated-to-end-contractors-undue-gain/articleshow/16566065.cms) (http://www.indianexpress.com/news/ppp-model-delivers-value-for-money/936807/0) (http://financialexpress.com/news/does-govt-gain-from-ppp-projects/736183/0) (http://economictimes.indiatimes.com/articleshowarchive.cms?msid=947407) (http://www.rediff.com/money/2004/apr/05guest1.htm)
- Advisor on Asset Monetization and PPPs, Government of Karnataka. Government of Karnataka constituted the Resource Mobilization Committee (RMC) in 2024 to provide recommendations for enhancing the State's non-tax revenues, ensuring efficient management of Government assets, and promoting infrastructure development by attracting private investment. I was Advisor to RMC on Asset Monetization and Public-Private Partnerships. The RMC report was presented to CM, Karnataka in November 2025.
| S. No. | From | To | Organization / Funding Agency | Topic | Role | Status |
| 1. | July 2024 | December 2024 | AJ National Institute of Financial Management, New Delhi | Funding Infrastructure Development: A Review of Modern Ways of Financing Projects | Lead | Completed |
| 2. | August 2011 | November 2011 | World Bank, Washington DC | Public-Private Partnerships in East Asia | Lead | Completed |
| 3. | March 2011 | June 2011 | World Bank, Washington DC | Assessing private participation in the Indian power transmission and distribution sectors | Lead | Completed |
| 4. | January 2010 | December 2010 | World Bank, Washington DC | Nigeria Electricity and Gas Improvement Project | Lead | Completed |
| 5. | July 2009 | October 2009 | World Bank, Washington DC | Regulation of Renewable Energy in India – Lessons from International Experience | Lead | Completed |
| 6. | July 2008 | April 2009 | World Bank, Washington DC | Impact of the Global Financial Crisis on Investments in South Asia’s Electric Power Infrastructure | Project Member | Completed |
| 7. | September 2007 | December 2007 | University of Maryland, College Park, USA | Religious Service Attendance and Civic Engagement among Youth | Project Member | Completed |
| 8. | January 2007 | April 2007 | World Bank, Washington DC | Public-Private Partnerships in Kenya | Lead | Completed |
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Elsevier and Economic & Political Weekly (EPW) peer reviewer