Central government, CPSEs likely to monetise assets worth Rs 1.50 trillion in FY24: DIPAM Secretary
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The Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey has said that the central government and Central Public Sector Enterprises (CPSEs) are estimated to monetise assets worth Rs 1.50 trillion in the current fiscal (FY24), a tad lower than the targeted of Rs 1.75 trillion. He noted that under the National Monetisation Pipeline, the aggregate monetisation potential of the central government's brownfield infrastructure assets has been estimated at Rs 6 trillion over a four-year period, from FY 2022 to FY 2025.
DIPAM Secretary further said monetisation is going on through infrastructure investment trust (InvITs), Toll Operate Transfer (TOT) in mining, road and power sector and is beginning to happen in the petroleum sector. He said 'the asset monetisation proceeds do not visibly appear in the Budget... to the extent NHAI does it and the receipts are with the government that is only reflected in the Budget. In most cases the proceeds accrue to the enterprise and not to the government.’
Asset Monetization, based on the philosophy of Creation through Monetisation, is aimed at tapping private sector investment for new infrastructure creation. It also creates employment opportunities, thereby enabling high economic growth and integrating the rural and semi-urban areas for overall public welfare.
