Ministry of Finance:
Finance Minister Smt. N Sitharaman chaired the National Workshop with States/UTs on Asset Monetization organised by NITI Aayog through virtual conference in New Delhi today.
FM N Sitharaman said that materializing India’s vision of a $5 trillion economy, while striking the right balance between fiscal imperatives and socio-economic welfare, can only be achieved through active collaboration between public and private sector.
FM said Asset Monetization 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.
FM underlined Government’s resolve for value creation & improvement in productivity of brownfield infrastructure assets via innovative instruments.
FM observed that asset monetization is based on principle of Value Creation for Govt. & Investors.
Our vision for Infrastructure is ultimately of, for and by our States. Without whose collaboration, holistic development of infrastructure is neither feasible nor impactful.