Asset monetisation a ‘paradigm shift’: FM Nirmala Sitharaman

Finance Minister Nirmala Sitharaman Tuesday mentioned asset monetisation by authorities shouldn’t be seen solely as a funding mechanism however as an total technique for bringing a couple of “paradigm shift in infrastructure augmentation and maintenance”.
Chairing a workshop with the states/UTs on asset monetisation organised by NITI Aayog and Finance Ministry, she mentioned numerous Budget proposals are geared toward supporting the National Infrastructure Pipeline and monetisation offers different funding mechanism for infra creation. She burdened the necessity for proactive and collaborative strategy by the Central and state companies for enabling infrastructure growth.

India’s imaginative and prescient of a $5 trillion economic system, whereas hanging the best steadiness between fiscal imperatives and socio-economic welfare, can solely be achieved by way of energetic collaboration between private and non-private sector, she mentioned.
She added: “Our vision for Infrastructure is ultimately of, for and by our states.”