National Monetisation Pipeline: Govt Garners Rs 96,000 Crore Through Asset Monetisation In FY22, Surpasses Rs 88,000 Crore Target

In just seven months since the launch of National Monetisation Pipeline, the government has garnered about Rs 96,000 crore through asset monetisation in financial year 2021-22, surpassing the target of Rs 88,000 crore for the last fiscal.

According to the report, assets worth Rs 23,000 crore were monetised in the roads and highways sector. Meanwhile, power sector generated Rs 9,500 crore, coal mining generated Rs 40,000 crore and mineral mining fetched Rs 18,700 crore.

Among the key investors were Canadian Pension Plan Investment Board, Ontario Teachers' Pension Plan, Capital Group and Utilico Emerging Markets Trust.

“This will have a cumulative investment potential of Rs 9 lakh crore over the years.”

It should be noted that the NMP was launched in August last year and the Centre has set a target of Rs 6 lakh crore through asset monetisation in four years (FY 2022-25) with FY23 target pegged at Rs 1.67 lakh crore.