Govt surpasses FY22 asset monetisation target

According to Niti Aayog CEO Amitabh Kant, the government conducted transactions worth Rs 1 lakh crore via the National Monetisation Pipeline (NMP) in 2021-22, exceeding the ambitious program's first-year objective of Rs 88,000 crore. Kant said India needs to fire on all cylinders, including manufacturing and services, to attain high growth rates, speaking at an event organised by the Public Affairs Forum of India (PAFI). "The largest asset monetisation initiative is in India. "Last year, my asset monetisation target was Rs 88,000 crore. I have crossed it by Rs 12,000 crore," he remarked.

"Last year, my asset monetisation objective was Rs.88,000 crore. I went over by Rs. 12,000 crore "he stated.

CPP Investments, Ontario Teachers Pension Plan, and Utilico Emerging Markets Trust Plc are among the main investors who bought assets in FY22, according to Mint.

Roads, power, and coal and mineral mining are among the industries that have made significant contributions to asset monetisation.

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