FM Nirmala Sitharaman to Roll out National Monetisation Pipeline Today
Union Minister for Finance and Corporate Affairs Nirmala Sitharaman would be launching the National Monetisation Pipeline today at New Delhi.
The National Monetisation Pipeline (NMP) consists a four-year pipeline of the Central Government's brownfield infrastructure assets. Alongside providing visibility to investors, NMP would also serve as a medium-term roadmap for the Asset Monetisation program of the government, states an official statement.
However, the Union Budget 2021-22 has put a lot of emphasis on Asset Monetisation as a means to bring out innovative and alternative financing for infrastructure and included a number of key announcements.
Moreover, the National Monetisation Pipeline book would be released in the presence of Vice Chairman of NITI Aayog, Rajiv Kumar, CEO, Amitabh Kant, and secretaries of relevant ministries whose assets constitute the monetisation pipeline.
Setting the Union Budget for 2021-22 in February, the Finance Minister noted that monetising operating public infrastructure assets is a very crucial financing option for new infrastructure construction.
In a statement, Niti Aayog states,"The NMP comprises a four-year pipeline of the central government's brownfield infrastructure assets. Besides providing visibility to investors, NMP will also serve as a medium-term roadmap for the asset monetisation initiative of the government."
Furthermore, she had also announced that an asset monetisation dashboard would also be created for tracking the progress and to provide visibility to investors.
Sitharaman says, "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."