Finance Minister Nirmala Sitharaman on Monday launched the National Monetisation Pipeline (NMP) worth Rs 6 lakh crore. The NMP comprises a four-year pipeline of the Centre’s brownfield infrastructure assets from FY22-FY25. Apart from providing visibility to investors, NMP will also serve as a medium-term roadmap for the asset monetisation initiative of the government.
Speaking at the launch, Sitharaman said that the budget identified infrastructure as the key focus for public expenditure. She added that there is no land involved in NMP only brownfield assets.
The finance minister said that public sector enterprises (PSEs) are ramping up capex despite the second wave, and added that she will be monitoring this further. Sitharaman said that NMP will talk about those brownfield assets where the investment is already being made and where the assets are either languishing or not fully monetized or under-utilized.
Earlier this month, Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey had said that the government is finalising infrastructure assets, including national highways and power grid pipelines, which would be monetised.
The Budget 2021-22 laid a lot of emphasis on asset monetisation as a means to raise innovative and alternative financing for infrastructure, and included a number of key announcements.
More to follow