The Indian government has completed transactions worth Rs 1 lakh crore under the National Monetisation Pipeline (NMP) in 2021-22, surpassing the ambitious program's first-year target of Rs 88,000 crore, Niti Aayog CEO Amitabh Kant said on Tuesday, Trend reports citing Outlook India.
Addressing an event organized by the Public Affairs Forum of India (PAFI), Kant said India needs to fire on all cylinders, including manufacturing and services, to achieve high growth rates.
"India has the biggest asset monetization program....my asset monetization target was Rs 88,000 crore last year. I have crossed it by Rs 12,000 crore," he said.
In August 2021, finance minister Nirmala Sitharaman announced the Rs 6 lakh crore-NMP over four years to unlock value in infrastructure assets across sectors.