Centre moves to monetise surplus CPSE land, buildings worth over Rs 1,100 crore
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The Centre is moving to monetise surplus land and buildings owned by CPSEs worth over Rs 1,100 crore.
- ✓An Inter-Ministerial Group recommended these proposals to unlock value from underutilised public assets.
- ✓The National Land Monetization Corporation will now help the government manage these properties to ensure they get productive use.
Story at a Glance
- Category
- MARKET
- Reported By
- Zee Business
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
The move is part of the government's broader effort to unlock value from surplus and underutilised public assets and put them to productive use. | ChatGPT generated/Representative Image
An Inter-Ministerial Group (IMG) has recommended asset monetisation proposals worth more than Rs 1,100 crore for consideration and approval by the Alternative Mechanism (AM).
The group is chaired by the Secretary of the Department of Public Enterprises (DPE) and co-chaired by the Secretary of the Department of Telecommunications (DoT).
The proposals mainly cover surplus land and building assets belonging to Central Public Sector Enterprises (CPSEs) that have been identified for monetisation.
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