According to a top government official, the government has completed ₹96,000 crore transactions under the National Monetization Pipeline (NMP) in 2021-22, surpassing the year’s target of ₹88,000 crore.
Finance Minister Nirmala Sitharaman had announced the NMP in August last year, under which the government is expected to raise around Rs 6 lakh crore by leasing out public assets in sectors such as airports, railways, roads and shipping to the private sector.
In 2021-22, while roads and highways monetised assets worth ₹23,000 crore, the power sector closed the financial year with total monetization of ₹9,500 crore, monetization value of ₹40,000 crore from coal mining and Mining of minerals earned ₹18,700 crore. For Railways, the amount was around ₹800-900 crore
On Tuesday, Finance Minister Nirmala Sitharaman held a review meeting on the progress of the NMP, which was attended by NITI Aayog CEO Amitabh Kant, finance secretary and secretaries from various ministries such as roads, railways, petroleum and power.
“The sectors/ministries in which the targeted monetization potential for FY2022 could not be met, such as the Railways, were asked to identify ‘quick win’ assets and initiate transactions so that they can be used for subsequent years,” the official said. Stay on track during.”
Major international and domestic investors in 2021-22 include Canadian Pension Plan Investment Board, Ontario Teachers Pension Plan, Capital Group, Utilico Emerging Markets Trust, HDFC Mutual Fund, SBI Mutual Fund and Mathews Asia. Don’t want to be named.
A total target of Rs 1.62 lakh crore has been fixed for 2022-23 during the meeting, the official said.
“We are confident of crossing the current year’s target as well as proposals worth Rs 1.63 lakh crore and investment in pipeline and various stages of processing,” the official said.
“The Finance Minister has called for full and individual engagement by all the ministries to ensure the achievement of the targets for the future year under the NMP,” the official said. -23.