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DIPAM, Niti Aayog officials to brainstorm on CPSE asset monetisation

The discussions are scheduled to take place on Tuesday

Dipam | Niti Aayog | CPSE

Press Trust of India  |  New Delhi 

Govt gears up for divestment drive
Illustration: Ajay Mohanty

The Finance Ministry and officials will on Tuesday brainstorm on the way forward in asset monetisation, including identification of non-core assets and procedural simplification.

Officials said the workshop by the Department of Investment and Public Asset Management (DIPAM) and will delve into the modalities of the selection of non-core assets and fast-tracking their sale.

Prime Minister Narendra Modi had last month said that 100 under-utilised or unutilised assets with public sector units (PSUs), such as those in the oil and gas and power sectors, will be monetised, creating Rs 2.5 lakh crore of investment opportunities.

Finance Minister Nirmala Sitharaman in the 2021-22 Budget speech had said monetising operating public infrastructure assets is a very important financing option for new infrastructure construction.

"A National Monetisation Pipeline of potential brownfield infrastructure assets will be launched. An asset monetisation dashboard will also be created for tracking the progress and to provide visibility to investors," she had said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Mon, March 08 2021. 17:04 IST