Modi government launches Rs 6 lakh crore NMP program
New Delhi, 23 August 2021 Monday
Finance Minister Nirmala Sitharaman on Monday launched the National Monetization Pipeline (NMP) program in New Delhi. "It is important that India understands that it is time to make the most of our resources," he said.
According to the Finance Ministry, the National Monetization Pipeline has estimated a total monetary capacity of Rs 6 lakh crore from the core assets of the central government over a period of 4 years from FY2022 to 2025. The Ministry of Finance includes the Ministry of Roads, Transport and Highways, Railways, Electricity, Pipeline and Natural Gas, Civil Aviation, Shipping Ports and Waterways, Telecommunications, Food and Public Distribution, Mining Coal and Housing.
The central government is planning to raise money from its Brownfield Infrastructure Assets in the National Monetization Pipeline. The NMP is a four-year plan of the Central Government. The NMP program is a medium-term roadmap for the government's Asset Monetization Initiative.
Earlier this month, Tuhin Kant Pandey, secretary of the Department of Investment and Public Management (DIPAM), said the government was finalizing structural assets worth Rs 6 lakh crore, including national highways and power grid pipelines. Which will be monetized. He said work was underway on a national monetization plan worth about Rs 6,000 crore. From pipelines to power grid pipelines and national highways to TOT (Toll-Operate-Transfer) and many more.
For those who have this question in mind - are we selling away the lands? No. National Monetization Pipeline is talking about brownfield assets that need to be better monetized: Finance Minister Nirmala Sitharaman pic.twitter.com/Mi9IoUABHR
- ANI (@ANI) August 23, 2021
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