Inter-Ministerial Group Recommends Asset Monetisation Proposals Worth Over ₹1,100 Crore for Approval by Cabinet-Delegated Alternative Mechanism

An Inter-Ministerial Group chaired by the Secretary, Department of Public Enterprises, and co-chaired by the Secretary, Department of Telecommunications, has recommended asset monetisation proposals worth over ₹1,100 crore.

• The Alternative Mechanism is the designated body to consider and approve the recommended proposals.
• The proposals primarily involve surplus land and building assets of Central Public Sector Enterprises.
• The National Land Monetization Corporation is the specialised institution facilitating the monetisation processes.
• NLMC was established pursuant to the Union Budget 2021–22 announcement.