Recommendation for monetization of central government assets worth over ₹1,100 crore

According to an official report from PIB Delhi, proposals worth over ₹1,100 crore for the monetization of surplus land and buildings of Central Public Sector Enterprises (CPSEs) have been approved by the Inter-Ministerial Group (IMG). These significant recommendations will now be presented before the Alternative Mechanism appointed by the Cabinet for final approval. The primary objective of this process is to derive economic value from unnecessary and underutilized assets held by government units, so that they can be put to productive use.

The Secretary of the Department of Public Enterprises serves as the chairperson of this committee, while the Secretary of the Department of Telecommunications serves as the co-chairperson. Under this government monetization program, methods of systematic evaluation, professional transaction preparation, and competitive price discovery are being adopted. Once these proposals receive the green light from the Alternative Mechanism, further monetization operations will be carried out according to the prescribed procedures. Through this initiative, the government is committed to the efficient management of public assets and transparent value enhancement, which will ultimately boost investment and economic growth in the country.

The National Land Monetization Corporation (NLMC) is playing a key role in this entire process. Working in conjunction with the concerned ministries and departments, this organization performs critical tasks such as asset assessment, due diligence, valuation, and transaction structuring. The objective of NLMC is to obtain maximum benefit from government assets through a market-oriented monetization process.

The National Land Monetization Corporation (NLMC) is a wholly-owned company of the Government of India, which operated under the administrative control of the Department of Public Enterprises under the Ministry of Finance. This organization was established following the announcement in the Union Budget 2021-22. It worked to provide professional advice and transparent processes for the monetization of surplus land and other non-core assets of public sector units and government agencies. The main task of this organization was to generate economic resources through the systematic management of government lands.