Inter-Ministerial Group recommends asset monetisation proposals worth over Rs 1,100 crore

New Delhi: The Inter-Ministerial Group (IMG) has recommended asset monetisation proposals involving assets valued at over Rs 1,100 crore for consideration and approval by the Alternative Mechanism (AM), Ministry of Finance said on Thursday.

"The proposals primarily relate to surplus land and building assets of Central Public Sector Enterprises (CPSEs) identified for monetisation. The recommendations mark an important milestone in the Government of India's efforts to unlock value from surplus and underutilised public assets and facilitate their productive utilization," said Ministry of Finance.

The recommended proposals will be placed before the Cabinet-delegated Alternative Mechanism for consideration and approval. Following the requisite approvals, further monetisation activities will be undertaken in accordance with prescribed procedures.

As the Government's specialised institution for monetisation of surplus land and other non-core assets, NLMC plays a key role in facilitating asset assessment, due diligence, valuation, transaction structuring and market-facing monetisation processes, working closely with concerned Ministries, Departments and asset-owning entities.

Ministry of Finance further added, "the recommendations reflect the growing momentum of the Government's asset monetisation programme, which seeks to enable CPSEs and other Government entities to realise the economic potential of surplus assets through systematic assessment, professional transaction preparation and competitive price discovery."

"The initiative reinforces the Government of India's commitment to efficient public asset management, transparent and value-maximising monetisation, and productive utilisation of surplus assets to support investment and economic development," said Ministry of Finance.