Union government on August 23 announced that it’ll monetise assets worth Rs 6,00,000 crore between 2021-22 and 2024-25 under the National Monetisation Pipeline (NMP) scheme, which was launched by minister of finance Nirmala Sitharaman in New Delhi Finance Minister Nirmala Sitharaman said assets being given out under the National Monetisation Pipeline will still be owned by the govt , and can be returned to the govt after a period of your time .
Sitharaman had announced National Monetisation Pipeline during Union Budget 2021.”By bringing privately participation, we are getting to monetise it (assets) better and with whatever resource that you simply obtained by monetisation, you’re ready to put certain further investment into infrastructure building,” Sitharaman said. She added that the NMP will help improve liquidity to extend expenditure in infrastructure by the govt .
Among other details, FM Sitharaman said that within the four-year pipeline of the Centre’s brownfield infrastructure assets, there’s land involved in NMP only brownfield assets Speaking at launch event, NITI Aayog CEO Amitabh Kant said that the govt will monetise assets worth Rs 6,00,000 crore between 2021-22 and 2024-25 under the NMP scheme.
Kant said that assets worth Rs 20,800 crore from aviation sector are going to be monetised, while assets worth Rs 35,100 crore are going to be monetised from telecom sector under the NMP plan Apart from this, the govt will monetise assets worth Rs 150,000 crore from railway sector, Rs 160,000 crore from roads sector and Rs 45,200 crore from power transmission sector respectively, Kant said.
“Fifteen railway stadiums, 25 airports and therefore the stake of central government in existing airports and 160 coal mining projects are going to be up for monetisation,” NITI Aayog CEO Amitabh Kant said.
“We are fully committed to delivering success to the National Monetisation Pipeline. We feel that it’s vital to usher in the private sector for better operation and maintenance, therefore we are committed to very strong delivery on the bottom ,” Kant added.
Earlier in August, Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey had said that that the govt is finalising Rs 6 lakh crore worth infrastructure assets, including national highways and power system pipelines, which might be monetised.
The NMP comprises a four-year pipeline of the government’s brownfield infrastructure assets. within the Union Budget 2021-22, the govt laid tons of emphasis on asset monetisation as a way to boost innovative and alternative financing for infrastructure, and included variety of key announcements.
