Following the unveiling of the National Monetisation Pipeline (NMP) pursuant to the Union Budget 2021-22, significant strides have been made in monetizing core assets of Central Government Ministries and Public Sector Enterprises (PSEs). Managed collaboratively by NITI Aayog and pertinent Infrastructure Ministries, the NMP outlines assets with a monetization potential of Rs. 6 lakh crore over the period from 2021-22 to 2024-25.
In the financial year 2023-24, the NMP achieved commendable success, securing approximately Rs. 1.56 lakh crore, surpassing the Rs. 1.8 lakh crore target set for the year. This achievement marks a notable increase, representing 159% growth compared to the figures from 2021-22.
Key performers in this endeavor include the Ministries of Road Transport and Highways, and the Ministry of Coal, jointly achieving Rs. 970 billion. These ministries have been pivotal in driving the NMP forward, leveraging strategic asset monetization to foster economic growth and infrastructure development.
Looking ahead to 2024-25, the National Highways Authority of India (NHAI) has already identified and published an indicative list of 33 assets slated for monetization, facilitating efficient investment planning for prospective investors. NHAI's transparency in publishing macroeconomic assumptions for bid calculations aims to further enhance the bidding process's success rate.
The Ministry of Coal's achievements under the NMP are poised to bolster energy security through increased coal production and supply to thermal power plants. With specific achievements in 2023-24 highlighted across various ministries "Road Transport and Highways, Coal, Power, Mines, Petroleum and Natural Gas, Urban, and Shipping" the momentum towards achieving NMP targets remains robust.
The successful implementation of the NMP underscores India's commitment to leveraging its infrastructure assets for economic growth and development, setting a precedent for efficient resource management and strategic investment in critical sectors.