NLMC recommends monetisation of government assets worth over Rs 5,000 crore
The National Land Monetization Corporation recommended assets worth over Rs 5,000 crore for monetization. Its board stressed accelerating value unlocking from government entities' surplus land. The corporation reviewed ongoing asset monetisation programmes and financial performance. Discussions focused on expediting processes and strengthening stakeholder coordination. NLMC will continue…
The National Land Monetization Corporation (NLMC) has advised monetizing assets valued at over Rs 5,000 crore, as the government intensifies efforts to unlock value from underutilized public assets. This recommendation was made during the NLMC's board of directors' 21st meeting on September 18, where the corporation assessed its progress, financial performance, and institutional initiatives.
The proposed assets include surplus land and buildings earmarked for monetization. The board emphasized the urgency to expedite implementation, streamline procedural requirements, and ensure a transparent and efficient monetization process. NLMC collaborates with Central Public Sector Enterprises (CPSEs) and other government entities to identify, assess, and facilitate the monetization of assets no longer needed or underutilized.
The Ministry of Finance highlighted NLMC's commitment to transparency, efficiency, and value realization in its approach to asset monetization. The corporation, a wholly-owned Government of India entity under the administrative control of the Department of Public Enterprises, plays a pivotal role in building a structured framework for assessing and monetizing surplus public assets.
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