New Delhi, Feb. 21 -- The Supreme Court on Thursday overturned the Madras high court ruling that directed the Tamil Nadu government to organise Formula 4 races and similar motor sports independently, excluding private parties. The apex court emphasised that public-private partnerships (PPPs) are widely embraced by governments globally as a model of good governance, which optimises limited state resources while leveraging efficiency and expertise from private entities.

A bench comprising justices PS Narasimha and Manoj Misra observed that the delivery of public services and infrastructure projects was often more effective when executed through private partnerships rather than direct government provision.

"The rationale for this micro-eco...