The first consultative meeting on asset monetization was held here today, organized by Department of Investment and Public Asset Management (DIPAM) in partnership with World Bank. Shri Anurag Thakur, Minister of State for Finance and Corporate Affairs inaugurated the meeting held through video conferencing and was attended by the Country Director World Bank, CEO NitiAyog, Secretary (DIPAM) and senior officers of Central Ministries/Departments/Authorities. The meeting also had a large representation of State Governments and CPSEs.
Asset monetization is a stated objective of the Government and DIPAM is mandated to facilitate monetization of non-core public assets. The monetization process is complex and requires close cooperation and collaboration with all stakeholders. The meeting provided a platform for such an engagement.
Several key issues were discussed in the meeting in the presence of all stakeholders. Both global and domestic perspective, best practice and experience was shared. The meeting ended with a set of key takeaways which will assist in developing capacity and guidance on asset monetization and accelerating the process.
The entire contents of this article are solely for information purpose and have been prepared on the basis of relevant provisions and as per the information existing at the time of the preparation by the Author. Compliance Calendar LLP and the Author of this Article do not constitute any sort of professional advice or a formal recommendation. The author has undertaken utmost care to disseminate the true and correct view and doesn’t accept liability for any errors or omissions. You are kindly requested to verify and confirm the updates from the genuine sources before acting on any of the information’s provided hereinabove. Compliance Calendar LLP shall not be responsible for any loss or damage in any circumstances whatsoever.
