Centre Monetizes Rs.3.85 Tn Assets in 3 Years: NITI Aayog

25 Jun 2024 CW Team

The Indian government has successfully monetized assets worth ?3.85 trillion in the past three years, according to NITI Aayog. This significant achievement is part of the government's strategic asset monetization program aimed at unlocking value from public sector assets to fund infrastructure development and spur economic growth.

The monetized assets span various sectors, including highways, railways, power transmission, and natural resources. By leveraging these assets, the government aims to attract private investment, enhance operational efficiency, and generate revenue for further developmental projects. This approach aligns with the broader objectives of fostering economic resilience and ensuring sustainable growth.

The asset monetization initiative is a key component of the National Monetization Pipeline (NMP), which outlines the government's roadmap for asset monetization over a four-year period. The NMP targets assets across multiple sectors, emphasising transparency, efficiency, and value maximisation. The funds generated through this initiative are earmarked for reinvestment in new infrastructure projects, thus creating a virtuous cycle of investment and development.

NITI Aayog highlights that the program not only provides a revenue stream but also enhances infrastructure quality and service delivery. By involving the private sector in asset management and operations, the government seeks to improve efficiency, reduce operational costs, and ensure better maintenance of public assets.

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