Disinvestment in roads, mines, power aims to raise Rs 1.8 lakh crore in FY24

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Ziraat Times
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New Delhi, June 21: India’s public asset monetisation or disinvestment target in FY24 has been at an ambitioud Rs. 1,79,544 crore.

Official slurces said that the main focus would be on brownfield assets like roads, mining, power, petroleum and ports..

This is a significant increase from the target of Rs. 1,62,422 crore for FY23. The government is hoping to raise this money through a variety of asset monetisation schemes, including:

  • Sale of minority stakes in public sector enterprises
  • Lease of infrastructure assets
  • Tolling of roads
  • Sale of surplus land

The government believes that asset monetisation is a way to unlock the value of public assets and generate much-needed revenue for the exchequer. It is also seen as a way to attract private investment into infrastructure and other sectors.

However, there are some concerns about the asset monetisation program. Some critics argue that it will lead to the privatization of public assets and that it will not generate as much revenue as the government expects. Others argue that the program is being rushed through and that there is not enough transparency about the assets that are being sold.

About asset monetisation program:

The program was launched in 2021 and is being overseen by the National Asset Monetisation Pipeline (NMP).

  • The NMP identifies 16 sectors where asset monetisation is possible. These sectors include roads, railways, airports, ports, power, telecom, and mining.
  • The government has set a target of raising Rs. 6 lakh crore through asset monetisation over the next four years (FY22-FY25).
  • As of March 2023, the government has raised Rs. 880 billion through asset monetisation.

 

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