Inter-Ministerial Group Recommends ₹1,100 Crore Asset Monetisation Proposals
The Inter-Ministerial Group (IMG), chaired by the Secretary of the Department of Public Enterprises and co-chaired by the Secretary of the Department of Telecommunications, has recommended asset monetisation proposals valued at over ₹1,100 crore for consideration and approval by the Cabinet-delegated Alternative Mechanism. These proposals primarily concern surplus land and building assets of Central Public Sector Enterprises (CPSEs) identified for monetisation.
This recommendation represents a significant milestone in the Government of India's ongoing efforts to unlock value from surplus and underutilised public assets and facilitate their productive utilisation. The initiative reflects growing momentum in the government's asset monetisation programme, which enables CPSEs and other government entities to realize the economic potential of surplus assets through systematic assessment, professional transaction preparation, and competitive price discovery.
The National Land Monetization Corporation (NLMC), a wholly owned Government of India company under the administrative control of the Department of Public Enterprises, Ministry of Finance, plays a key role as the government's specialised institution for monetisation of surplus land and other non-core assets. NLMC facilitates asset assessment, due diligence, valuation, transaction structuring, and market-facing monetisation processes, working closely with concerned Ministries, Departments, and asset-owning entities.
Following requisite approvals from the Alternative Mechanism, further monetisation activities will be undertaken in accordance with prescribed procedures. This 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.