: FM announces Rs 6 lakh cr asset monetisation pipeline #IndiaNEWS #Latest News NEW DELHI, Aug 23: Finance Minister Nirmala Sitharaman on Monday announced a Rs 6 lakh crore National Monetisation Pipeline

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FM announces Rs 6 lakh cr asset monetisation pipeline #IndiaNEWS #Latest News
NEW DELHI, Aug 23: Finance Minister Nirmala Sitharaman on Monday announced a Rs 6 lakh crore National Monetisation Pipeline (NMP) that will look to unlock value in infrastructure assets across sectors ranging from power to road and railways.
She also said the asset monetisation does not involve selling of land and it is about monetising brownfield assets.
Projects have been identified across sectors, with roads, railways and power being the top segments.
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 countrys citizens, she added. (Agencies)
The post FM announces Rs 6 lakh cr asset monetisation pipeline appeared first on Jammu Kashmir Latest News | Tourism | Breaking News J&K.

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