New Delhi: Union Finance Minister Nirmala Sitharaman will launch a national infrastructure monetization plan (NMP) on August 23. The launch of the scheme will take place in New Delhi.
Apart from giving transparency to investors, the NMP will additionally assist as a medium-term roadmap for the asset monetization action of the union government, stated an official press statement.
Under Union Budget 2021-22, the government highlighted asset monetization to support innovative and alternative investment for infrastructure and incorporated some key decisions.
Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin KDepartment of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey had previously stated that the government is settling Rs 6 lakh crore worth of infrastructure assets, including national roadways and energy grid pipelines, which would be monetized.
In her Budget address, the FM had stated, “Monetising managing public infrastructure assets is a really valuable financing opportunity for new infrastructure framework.”
“A ‘National Monetisation Pipeline’ of possible brownfield foundation assets will be started. An Asset Monetisation dashboard will likewise be designed for tracing the development and to present perceptibility to investors.”
The launch will be accompanied by NITI Aayog’s Vice Chairman, Dr. Rajiv Kumar, and CEO Amitabh Kant.