[INDIA REAL ESTATE NEWS] Good morning everyone I am Rumi Dhar from Kama Group.|
Here I have important INDIA real estate news to share with you which is as mention under.
Chairing the National Workshop with the states/UTs on Asset Monetisation organised by Niti
Aayog, the minister sought the collaboration of states for the holistic development of
She said India can become a USD 5 trillion economy, while striking the right balance between
fiscal imperatives and socio-economic welfare, through active collaboration between the public
and private sector.
''Asset Monetisation needs to be viewed not just as a funding mechanism, but as an overall
strategy for bringing about a paradigm shift in infrastructure augmentation and maintenance,''
Sitharaman also underlined the government's resolve for value creation and improvement in
the productivity of brownfield infrastructure assets via innovative instruments.
Observing that asset monetisation is based on the principle of Value Creation for Government
and investors, she said, ''Our vision for Infrastructure is ultimately of, for and by our States.
Without whose collaboration, holistic development of infrastructure is neither feasible nor
Sitharaman further said the various initiatives announced in the Budget 2021-22 will facilitate
funding for infrastructure creation under NIP.
''The finance minister stressed on the need for monetisation as an alternative funding
mechanism and the potential therein for improved operational value.
''She also called for a proactive and collaborative approach by the Central and State agencies
for achieving the objectives of the National Monetization Pipeline,'' Niti Aayog said in a
Sitharaman also highlighted the firm support provided by the government by way of steady
economic reforms, including the clear directional change provided under Budget 2021–22, it
''She mentioned that investment planned under the National Infrastructure Pipeline (NIP) is
critical for boosting growth in States and the various initiatives in this year's Budget will
facilitate funding for infrastructure creation under NIP,'' the statement said.
Prime Minister Narendra Modi had last month said that 100 under-utilised or unutilised assets
with public sector units (PSUs), such as those in the oil and gas and power sectors, will be
monetised, creating Rs 2.5 lakh crore of investment opportunities.
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