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NMP 2.0 Launched With Rs 16.72 Trillion Asset Pipeline
ECONOMY & POLICY

NMP 2.0 Launched With Rs 16.72 Trillion Asset Pipeline

Union Finance Minister Nirmala Sitharaman launched the National Monetisation Pipeline 2.0, a second phase of asset monetisation prepared by NITI Aayog in consultation with infrastructure line ministries. The five-year period from fiscal year 2026 to 2030 (FY 2026–30) identifies an aggregate monetisation potential of Rs 16.72 trillion (tn), including estimated private sector investment of Rs 5.8 trillion (tn). The pipeline follows the mandate set out in the Union Budget 2025–26 and seeks to provide visibility to public asset owners and to potential investors.

Officials reported that authorities met nearly 90 per cent of the target of Rs six tn set over four years under NMP 1.0, and that best practices and lessons learned will guide the second phase. Ministries and departments have been urged to focus on process simplification and standardisation to make monetisation seamless and time bound. An empowered Core Group of Secretaries on Asset Monetisation will continue to monitor progress.

NMP 2.0 is positioned as a catalyst for the Viksit Bharat infrastructure agenda and for recycling productive public assets to unlock resources for reinvestment in capital expenditure. The approach is designed to mobilise funds for public CAPEX while reducing direct budgetary outgo, and to attract direct private investment into projects that involve construction or major maintenance. The programme scope covers highways, railways, power, petroleum and natural gas, civil aviation, ports, urban infrastructure, coal, mines, telecom and tourism.

Sectoral highlights include highways, MMLPs and ropeways at about Rs 4.42 tn; power at around Rs 2.77 tn; ports at roughly Rs 2.64 tn; railways at near Rs 2.62 tn; coal at about Rs 2.16 tn; and mines at approximately Rs 1.00 tn. Proceeds are expected to flow principally to the Consolidated Fund of India, followed by direct private investment, allocations to public sector undertakings or port authorities and state consolidated funds. Transactions are to be structured through a mix of contractual and capital market instruments, including public private partnership concessions and infrastructure investment trusts.

Union Finance Minister Nirmala Sitharaman launched the National Monetisation Pipeline 2.0, a second phase of asset monetisation prepared by NITI Aayog in consultation with infrastructure line ministries. The five-year period from fiscal year 2026 to 2030 (FY 2026–30) identifies an aggregate monetisation potential of Rs 16.72 trillion (tn), including estimated private sector investment of Rs 5.8 trillion (tn). The pipeline follows the mandate set out in the Union Budget 2025–26 and seeks to provide visibility to public asset owners and to potential investors. Officials reported that authorities met nearly 90 per cent of the target of Rs six tn set over four years under NMP 1.0, and that best practices and lessons learned will guide the second phase. Ministries and departments have been urged to focus on process simplification and standardisation to make monetisation seamless and time bound. An empowered Core Group of Secretaries on Asset Monetisation will continue to monitor progress. NMP 2.0 is positioned as a catalyst for the Viksit Bharat infrastructure agenda and for recycling productive public assets to unlock resources for reinvestment in capital expenditure. The approach is designed to mobilise funds for public CAPEX while reducing direct budgetary outgo, and to attract direct private investment into projects that involve construction or major maintenance. The programme scope covers highways, railways, power, petroleum and natural gas, civil aviation, ports, urban infrastructure, coal, mines, telecom and tourism. Sectoral highlights include highways, MMLPs and ropeways at about Rs 4.42 tn; power at around Rs 2.77 tn; ports at roughly Rs 2.64 tn; railways at near Rs 2.62 tn; coal at about Rs 2.16 tn; and mines at approximately Rs 1.00 tn. Proceeds are expected to flow principally to the Consolidated Fund of India, followed by direct private investment, allocations to public sector undertakings or port authorities and state consolidated funds. Transactions are to be structured through a mix of contractual and capital market instruments, including public private partnership concessions and infrastructure investment trusts.

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