Nirmala Sitharaman, Finance Minister in her 2021-22 budget speech said that monetising operating public infrastructure assets was a very important financing option for new infrastructure construction.
After which a top Government official stated on Wednesday that the Government is finalising Rs 6 lakh crore worth infrastructure assets, including national highways and power grid pipelines which would be monetised.
Tuhin Kanta Pandey, the Secretary of the Department of Investment and Public Asset Management said that a national monetisation plan of about Rs 6 trillion is in the offing which would have a range of assets.
Speaking at the CII annual session, Pandey said that the InVIT for asset monetisation of the power grid was done successfully and which has led to regulatory systems.
He further said that there are still certain issues present in terms of improving the InvIT system. The second InvIT might be coming for the pipelines in the GAIL side.