Vocabulary Builder — Essay & Answer Writing
Concession
noun
/ kuhn-SESH-uhn /
Medium
Meaning
In infrastructure and law: a right granted by a government to a private entity to operate a public asset for a fixed period; also, a point yielded in negotiation
Origin / Etymology
Latin concessio — granting (concedere = to yield or grant)
Synonyms
Licence
Franchise
Grant
Yielding (in negotiation)
Antonyms
Revocation
Nationalisation
Refusal
Example Sentence
"APSEZ (Adani Ports) was awarded a 30-year concession to design, build, finance, and operate the Haldia Bulk Terminal under the DBFOT model."
🎯 UPSC Usage
Two distinct meanings to master: 1) PPP/infrastructure — a concession agreement specifies terms of a private operator's right to use/operate a public asset (Haldia Bulk Terminal, airports, highways); 2) Diplomatic — a concession made in negotiations (trade, territorial). In GS-3 infrastructure answers, always name the concession period and model. In GS-2 IR answers, 'making concessions' signals knowledge of diplomatic negotiation.
Relevant Subjects