Department of Investment and Public Asset Management (DIPAM) under the Ministry of Finance has signed an agreement with World Bank today,16 November 2020 to get advisory services for asset monetization. DIPAM is mandated with facilitating monetization of non-core assets of government CPSEs under strategic disinvestment or closure and enemy property of value of INR 100 crores and above.
DIPAM has a framework for monetizing non-core assets. The World Bank advisory project has been approved by the Finance Minister, is focusing on analyzing public asset monetization in India and benchmarking its institutional and business models against international best practices as well as supporting development of operational guidelines and capacity building for their implementation.
The project would facilitate and accelerate the non-core asset monetization process and help unlock the value of these un-used/ marginally used assets which has the potential to substantially augment financial resources for further investments and growth.
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