Advertisement
Sunday, Jan 23, 2022
Outlook.com
Outlook.com

Centre Announces Rs 6 Lakh Cr National Monetisation Pipeline, To Monetise Assets Across Sectors

Announcing the National Monetisation Pipeline (NMP), Union Finance Minister Nirmala Sitharaman said the asset monetisation does not involve selling of land and it is about monetising brownfield assets.

Centre Announces Rs 6 Lakh Cr National Monetisation Pipeline, To Monetise Assets Across Sectors
Union Finance Minister Nirmala Sitharaman | File Photo
Centre Announces Rs 6 Lakh Cr National Monetisation Pipeline, To Monetise Assets Across Sectors
outlookindia.com
2021-08-23T19:37:56+05:30

Finance Minister Nirmala Sitharaman on Monday announced the Centre's Rs 6 lakh crore National Monetisation Pipeline (NMP) and said the government will unlock value in infrastructure assets across sectors.

Projects have been identified across sectors, with roads, railways and power being the top segments. The finance minister said the asset monetisation does not involve selling of land and it is about monetising brownfield assets.

"NMP estimates aggregate monetisation potential of Rs 6 lakh crores through core assets of central government over the four-year period from FY 2022 to FY 2025," she said. "Ownership of assets will remain with the government and there will be a mandatory hand-back."

Asset monetisation will unlock resources and lead to value unlocking, she said.

Union Budget 2021-22 had identified monetisation of operating public infrastructure assets as a key means for sustainable infrastructure financing.

Towards this, the Budget provided for preparation of a 'National Monetisation Pipeline' of potential brownfield infrastructure assets. NITI Aayog in consultation with infra line ministries has prepared the report on NMP.

The aggregate asset pipeline under NMP over the four-year period is indicatively valued at Rs 6 lakh crore. The estimated value corresponds to 14 per cent of the proposed outlay for Centre under the National Infrastructure Pipeline (Rs 43 lakh crore).

The end objective of this initiative is to enable "infrastructure creation through monetisation" wherein the public and private sector collaborate, each excelling in their core areas of competence, so as to deliver socio-economic growth and quality of life to the country's citizens, she added.

(PTI inputs)

Advertisement

Outlook Newsletters

Advertisement
Advertisement
Advertisement

Read More from Outlook

Lament Of Separation: Songs Of Habba Khatun, Last Queen Of Kashmir, Still Echo In Valley

Lament Of Separation: Songs Of Habba Khatun, Last Queen Of Kashmir, Still Echo In Valley

In happy times and sad, Habba Khatun’s sensuous songs make both young and old emotional. With the never-ending conflict bringing tragedies to every doorstep, Habba’s lyrics of separation amplify their mourning.

How Indian Laws Govern People’s Right To Love And Live

How Indian Laws Govern People’s Right To Love And Live

In India, only those relationships between a man and a woman are considered to be legitimate when there is a marriage between the two.

Kohli Quits Test Captaincy, Leaves Leadership Vacuum

Kohli Quits Test Captaincy, Leaves Leadership Vacuum

Virat Kohli, 33, had recently stepped down as India's T20I captain and was subsequently removed as the ODI captain.

UP Elections 2022: How Congress Is Harnessing Power Of 'Persecuted' Women To Counter BJP

UP Elections 2022: How Congress Is Harnessing Power Of 'Persecuted' Women To Counter BJP

A Mahila Congress leader, who is the face of the ‘Ladki Hoon, Lad Sakti Hoon’ campaign, however, has accused the party of anti-women bias after she was denied a ticket.

Advertisement