With three years of experience behind them and the build-up of pipelines, the state-run agencies will likely exceed the FY25 target of ₹1.67 trillion by a substantial margin, a senior official said.
That would help the proceeds reach close to the ₹6-trillion target by way of revenues accrued to central/state government agencies and private investment during the four years through FY25.
Railways, which has been lagging in asset monetisation, will likely see an accelerated action to redevelop some key railway stations in the public-private partnership (PPP) model in FY25, adding heft to the programme, the official said.
Road asset monetisation by the National Highway Authority of India (NHAI) and private investment in mining, including coal, would continue to shine in FY25 as well, the official added.
Led by sectors such as mines and highways, the NMP achieved ₹97,000 crore in FY22, exceeding the target of ₹88,200 crore in the first year of the programme. At ₹1.62 trillion crore, the target in FY23 was double that of FY22.
This story is from the February 26, 2024 edition of Financial Express Mumbai.
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This story is from the February 26, 2024 edition of Financial Express Mumbai.
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