New Delhi, August 23, 2021: The decision to launch the National Monetisation Pipeline (NMP) by Hon’ble Finance Minister Smt Nirmala Sitharaman is highly appreciable as it has a great potential to balance the fiscal equation as well as support infrastructure creation in the country, said Sanjay Aggarwal, President, PHD Chamber of Commerce and Industry, in a press statement issued here today.
The step will not only lead to the unlocking of Government investments in public assets with low potential returns so far but will also bring efficiencies through the infusion of private capital, technology, and best management practices, thereby further boosting productivity and rejuvenating economic growth.
Monetizing public infrastructure assets is a very important financing option for new infrastructure construction. Infrastructural investment in the country is crucial at this juncture to provide a multiplier effect to rejuvenate the aggregate demand in the economy. Undoubtedly, robust growth of infrastructure is the key ingredient to realize the vision of Aatmanirbhar Bharat, said Sanjay Aggarwal.
Besides this, setting up an asset monetization dashboard will lead to efficient tracking of the progress and provide clear visibility to the investors for potential investment opportunities in the country, going ahead, he added.