Finance Minister Nirmala Sitharaman on October 19 urged the The Ministry of Ports, Shipping, and Waterways to speed up the monetisation process of identified projects.
“Out of 12 major ports, nine have at least 31 projects that have been identified and approved for asset monetisation. I would think the ministry should go speedily on these so that those projects can get monetised. That is expected to give around Rs 14,483 crore,” Sitharaman said at the Global Maritime India Summit 2023 in Mumbai.
Launched in August 2021, the asset monetisation pipeline of central ministries and public sector entities or the National Monetisation Pipeline (NMP) was developed by the NITI Aayog in consultation with infrastructure line ministries, based on the mandate outlined in the Union Budget 2021-22.
NMP estimates aggregate monetisation potential at Rs 6 lakh crore through core assets of the central government, over a four-year period, from FY2022 to FY2025.