Govt readies plan for second wave of asset monetisation |
The inter-ministerial committee (IMC) chaired by NITI Aayog CEO Amitabh Kant and comprising the Finance Secretary and Secretary, Department of Investment and Public Asset Management (DIPAM), has already held three-four rounds of meetings with administrative ministries to push through the second lot of assets for recycling and monetisation. The IMC has discussed hiving off the pipeline and tower businesses of GAIL and BSNL, for second wave of asset monetisation respectively, and leasing them out to private players. It is also considering ways to utilise the large ATM network of state-owned banks. “This is the only way to raise money for big investments by government companies,” said an official. In the first round, the IMC had approved and submitted a list of 19 assets for monetisation to the government. These included 12 sports stadiums (three of Railways — one in Delhi and two in Visakhapatnam), five of Sports Authority of India (Delhi), two of ONGC (one each in Ahmedabad and Vadodara), one of BPCL in Mumbai, and one of RINL in Visakhapatnam. Also on the first list were NTPC`s Badarpur Thermal Power Plant in Delhi, ITDC`s Ashoka Hotel in Delhi, and four mountain railway properties in Darjeeling, Matheran, Nilgiris and Kalka-Shimla.
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