Big asset monetisation within the works: DIPAM Secy

The authorities is pushing the asset monetisation programme and goals to finish strategic gross sales in key firms alongside preliminary public provide of Life Insurance Corporation (LIC) by the tip of this fiscal yr. A second Infrastructure Investment Trust (InvIT) is probably going for monetising GAIL pipelines.
The authorities may also invite expression of curiosity for strategic sale of Container Corporation of India quickly after the land lease coverage is finalised, Department of Investment and Public Asset Management Secretary Tuhin Kanta Pandey stated on Wednesday.
“The national monetisation plan will have a range of assets from Power Grid pipeline to national highways, toll operate transfer…On the asset monetisation side, we have the Power Grid InvIT that was successfully done,” he stated, including {that a} second such construction for Gas Authority of India is being deliberate. There is an enormous asset monetisation pipeline the place non-public sector participation is anticipated, he advised trade leaders.
“We should not look at disinvestments as a fiscal plug-in, rather we need to have a reform approach and recognise that the real operational efficiency in public sector enterprises will come by change of ownership control,” he stated.