National infrastructure monetisation plan to be launched on August 23

National infrastructure monetisation plan

On Monday, August 23, Finance  Minister Nirmala Sitharaman will launch the National Monetisation Pipeline (NMP), which will list out the government's infrastructure assets to be sold over the next four years, an official press release by Niti Aayog said. the National Monetisation Pipeline (NMP) developed by Niti Aayog will encompass a four-year pipeline of the Central Government's brownfield infrastructure assets. Furthermore giving visibility to investors, NMP will also serve as a medium-term roadmap for the asset monetisation initiative of the Government.

The monetisation of infrastructure assets is critical to funding the government's ambitious ₹100 trillion National Infrastructure Pipeline."A national monetisation plan of about Rs 6 trillion is in the offing which will have a range of assets from pipelines to power grid pipelines to national highways, ToT and so on" Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey said while addressing the CII annual session earlier this month.The Infrastructure Investment Trust (InvIT) of Power Grid Corporation of India (PGCIL) had accomplished, which has led to putting regulatory systems in place. This entailed facilitating a host of restrictions and procedures. The second InvIT by GAIL is expected soon, which is also in the pipeline, Pandey had added.Finance Minister Nirmala Sitharaman, in her 2021-22 Budget speech, had said monetising operating public infrastructure assets was very significant financing to fund the production of new infrastructure.The budget 2021-22 plopped a lot of prerogative on asset monetisation as a means to put forward creative and alternative financing for the National Infrastructure Pipeline.

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