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

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

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.

The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com

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.

Next Story
Infrastructure Transport

Government Plans NHAI Bond Buyback

The government is reportedly planning a large-scale bond buyback program worth ?50,000 to ?70,000 crore to help reduce the debt burden of the National Highways Authority of India (NHAI). Over the past few years, NHAI has accumulated a significant amount of debt as it undertook numerous large-scale highway construction projects across the country. This bond buyback plan is intended to improve the organization’s financial health and provide relief from high-interest expenses. The bond buyback would involve repurchasing bonds from investors, allowing NHAI to reduce its outstanding liabilities. ..

Next Story
Infrastructure Transport

Bullet Train Project Receives Critical Supplies

More than 35,000 MT of rails, track construction machinery, and other essential supplies have been delivered for India's ambitious bullet train project, according to the National High-Speed Rail Corporation Limited (NHSRCL). This delivery marks a significant step forward for the Mumbai-Ahmedabad bullet train corridor, a high-priority project designed to introduce India’s first-ever high-speed rail network. The large-scale shipment includes rails from Japan and machinery that will support track laying and construction for the high-speed rail corridor. NHSRCL revealed that these supplies are c..

Next Story
Infrastructure Transport

SC clears Gaggal airport expansion project.

The Supreme Court's decision comes as a significant relief to the state government, which had been pushing for the expansion to enhance connectivity and tourism in the Kangra Valley. The project had been stalled following the Himachal Pradesh High Court’s intervention, primarily due to petitions filed by local farmers and environmental activists. They raised concerns over the acquisition of agricultural land and the potential environmental consequences of the airport’s expansion. The High Court had issued a stay on the project, pending further examination of these issues. However, with the..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000