New Delhi : Amid Covid, the Modi government has just intensified efforts to sell the country's public assets. It has broadened initiatives for sale of national assets ranging from national highways and airports to ports, warehouses, power stations and mining. 20 public sector units under 12 union ministries will go under the hammer. The target is to raise Rs 6 lakh crores in 6 year time, the Corporate Minister Nirmala Sitaram has informed at press conference, and claimed the ownership rights of these will not pass permanently and rather that the rights will be reinstated with the government after specified period.
NITI Ayog will prepare procedural norms for transfer. Slated for handover are stadiums, natural gas pipelines, hotels, residential complexes and telecom towers. Capital market instruments such as public-private partnership projects and infrastructure investment trusts will be sold. The final call will be made depending on the unique features of each sector, market interests, investors’ capacity and operational capacity.
Rs 88,190 crore was marked as revenue from sale proceeds of public assets in the current budget to be followed-up by Rs 162 lakh crores in 2022-23, Rs 179 lakh crores in 2023-24 and Rs 167 crore in 2024-25.. States will be encouraged to privatize public sector units by stake selling. Also, ongoing stake sales will continue. NITI Aayog CEO, Amitabhkant, vice chairman Rajiv Kumar and secretaries of different departments took part in the meeting.
Any Takers ?
Listed below are price estimate for national Highways, railways, airports, ports, warehouses, power plants, mining, natural gas pipeline, telecom towers, stadiums hotels and so forth.
