Finance Minister Nirmala Sitharaman on Monday launched ambitious National Monetisation Pipeline (NMP)
The government on Monday announced a Rs 6 lakh crore National Monetisation Plan for monetising infrastructure assets across sectors from rail to road to power.
NITI Aayog CEO Amitabh Kant said projects have been identified to monetise assets over the next four years.
In the Union Budget for 2021-22, the Finance Minister had made a lot of significant announcements regarding asset monetisation and stressed on the fact that the government is looking at innovative ways to raise finances.
Here are the highlights:
- We are fully committed to delivering success to the National Motenisation Pipeline. We feel that it is very important to bring in the private sector for better operation and maintenance, therefore we are committed to very strong delivery on the ground, said NITI Aayog CEO Amitabh Kant
- Infra assets worth Rs 6 lakh crore across rail, road, power sectors to be monetised over 4 years, Mr Kant said.
- National Motenisation Pipeline talks about brownfield assets where investment is already being made, where there are assets either languishing or not fully monetized or under-utilized, said Finance Minister Nirmala Sitaraman.
- By bringing in private participation, we are going to monetize it (assets) better and with whatever resource that you obtained by monetization, you are able to put in for further investment into infrastructure building: Finance Minister Nirmala Sitaraman
- For those who have this question in mind -- are we selling away the lands? No. National Monetization Pipeline is talking about brownfield assets that need to be better monetized: Finance Minister Nirmala Sitharaman
- Ownership of assets remains with the government. There will be a mandatory hand back. They (private sector partners) will have to give it back after a certain time: Finance Minister Nirmala Sitharaman after launching National Monetisation Pipeline
- It's a remarkable step forward and it is all been assured by the Finance Minister's budget of 2021-22, and also denotes the PM's unambiguous commitment that infrastructure growth & economic growth in India will be private sector-led: Rajiv Kumar, Vice Chairman, NITI Aayog
- This government is committed to making greater opportunities available for the private sector participation including in infrastructure. Infrastructure has huge multiplier effects. This is the next step in mobilising private capital for the development of infrastructure: Rajiv Kumar, Vice Chairman, NITI Aayog
- It is important that India recognizes that the time has come for making the most out of our assets: Finance Minister Nirmala Sitharaman
- National Monetisation Pipeline (NMP) estimates aggregate monetization potential of Rs 6 crores through core assets of the Central Government, over a 4-year period, from FY 2022 to FY 2025: Finance Ministry
- Asset monetisation, based on the philosophy of creation through monetisation, is aimed at tapping private sector investment for new infrastructure creation: Finance Minister Nirmala Sitharaman