In today’s global dynamic environment Public-private partnership (PPP) has been a brainstorming catchword in new development strategies, especially for last two decades in many developed and developing countries. In that period PPP was the latest mantra of development of a Country. Government of India is always trying to achieve universality of education but the major constraint is the financial resources at the disposal of the government. So PPP has been considered as a creative idea to attract private resources and to motivate them to be a part of national development. Even prohibited countries (privatization) are now showing their positive attitude on PPP model in many developing activities because In future it would not only bring economic development like railways infrastructure development, road and airways infrastructural development but also crucial education sector’s development. PPP is a collaborative work between private and public sector for a particular sustainable project for providing quality education with an understanding to share the costs and benefits and risks and rewards. PPP is not only a concept but also a philosophy which promotes privatization in order to reduce the government’s burden to establish  more schools, colleges and universities. Many governments around the globe have been exploring  different  ways to involve the private sector in providing education, including vouchers, subsidies, capitation grants, stipends, and contracts. Firstly this article throws the light on the concept of PPP, its role in education sector in India. Secondly it  highlights four models of PPP  for providing quality higher education. Lastly, recommends some effective measures to improve Public Private Sector Participation in Education which would buildup  trust between public and private sector, develop transparent management system  that ensures quality higher education.

___________________________________________________________________________________

Keywords: PPP, Privatization, Capitation Grants, Higher Education.