National Monetisation Pipeline Launched By Nirmala Sitharaman Worth Rs 6 Lakh Crore

Picture : Twitter / ANI

Finance Minister Nirmala Sitharaman has  launched the National Monetisation Pipeline (NMP) that includes the Centre’s four-year plan to monetise its brownfield infrastructure assets.

The government has planned a Rs 6 lakh crore pipeline of assets that can be monetised which includes a range of assets put on the block for private sector participation, over a four-year period, from Financial Year 2022 to Financial Year 2025.

Union Minister of Finance, while launching the pipeline, said, “National Monetisation Pipeline talks about brownfield assets where investment is already being made, where there are assets either languishing or not fully monetised or under-utilised.”

The Finance Minister while enumerating the reforms and initiatives undertaken by the current government towards accelerated infrastructure development and for incentivising private sector investments, including ‘Scheme of Financial Assistance to States for Capital Expenditure’, which incentivises state governments to recycle state government-owned assets for fast-tracking greenfield infrastructure, said, “At this point, the list of assets that are coming, are all the central government’s assets. We are not talking about states.”

Highlighting the strategic objective of the programme, Vice Chairman, NITI Aayog Dr Rajiv Kumar said, “It will to unlock the value of investments in brownfield public sector assets by tapping institutional and long-term patient capital, which can thereafter be leveraged for further public investments.”