Finance minister Nirmala Sitharaman on Monday launched a 4-yr highway map for a Rs 6-lakh-crore asset monetisation plan. A big chunk of this can be via brownfield belongings of central ministries and public sector entities throughout roads, railways and energy, Pehal News reports.
The FM made it clear that the plan solely includes brownfield initiatives and never land and in addition promised to provide incentives to states for enterprise disinvestment and asset monetisation. “Ownership of assets remains with the government and there will be a mandatory handback, which means they will have to give back after a specified time. Let there be no confusion that this government is selling away. No. These brownfield assets will still be the ownership of the government,” Sitharaman stated, whereas unveiling the highway map, which is a vital aspect together with privatisation of state-run corporations for elevating sources to push progress and create jobs in opposition to the backdrop of the pandemic.
The FM, within the 2021-22 Budget speech, had introduced the launch of asset monetisation programme as a funding mechanism for larger infrastructure spending. The authorities has already introduced a Rs 100-lakh-crore national infrastructure pipeline. The national asset monetisation pipeline has been developed by NITI Aayog, in session with infrastructure ministries.
The belongings embrace roads and highways, pipelines, energy transmission strains, telecom towers, railways station re-growth, personal trains, tracks, items sheds, devoted freight hall, 15 railways stadiums, 25 airports, 31 initiatives in 9 main ports, 160 initiatives in coal mining, 761 mineral mining blocks, two national stadia, re-growth of colonies and hospitality belongings NITI Aayog CEO Amitabh Kant stated there are over 20 asset lessons throughout 12 ministries, which have been recognized for the pipeline and these are brownfield derisked belongings, which can be supplied for personal funding. Sitharaman stated the Centre will incentivise states to undertake disinvestment of PSUs and asset monetisation and outlined a 3-level plan.
States, which elevate cash via disinvestment of state PSUs or quit management, can be given an equal quantity by the Centre.