What is Asset Monetisation? : In view of Nirmala Sita Raman Fin. Min
Asset Monetisation is about the utilization of the existing asset base and usage of the proceeds for new infrastructure creation.
As per the Finance Minister, Nirmala Sitharaman, only the underutilized assets would be monetised and the plan of the Government would identify brownfield assets that need to be better monetised.
She also said, " The Government is not selling anything."
As per NITI Aayog CEO Amitabh Kant, " We are fully committed to delivering success to the National Monetisation Pipeline. We feel that it is very important to bring in the private sector for better operation and maintenance. Therefore, we are committed to very strong delivery on the ground."
The asset monetisation would be helpful in new infrastructure creation, recycling of future assets and to build a multiplier effect on growth and revival of credit flow.
Active private participation would help the government monetise the assets better and put further investment into infrastructure building.
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