Government Launches NMP 2.0 with ₹16.72 Lakh Crore Asset Monetization Target
The Indian government has unveiled the National Monetization Pipeline (NMP) 2.0. This new phase sets an ambitious goal of ₹16.72 lakh crore between the financial years 2026 and 2030. This target is 2.6 times higher than the first phase of the program.
Developed by NITI Aayog alongside infrastructure ministries, Finance Minister Nirmala Sitharaman introduced the roadmap. The primary goal is to unlock the value of existing public assets and use that money for new infrastructure projects.
Funding Goals and Private Investment
Under NMP 2.0, the government plans to raise ₹10.8 lakh crore between FY26 and FY30. An additional ₹5.9 lakh crore is projected for the years following FY30. The program is also expected to attract approximately ₹5.8 lakh crore in private investment.
This follows a successful first phase, which set a ₹6 lakh crore target and achieved nearly 90% of its goal.
Key Sectors: Roads, Power, and Railways
NMP 2.0 includes more than 2,000 assets across 12 ministries. Highways, logistics parks, and ropeways are central to the plan. The target breakdown for major sectors includes:
- Power: ₹2.76 lakh crore (the largest share)
- Ports: ₹2.63 lakh crore
- Railways: ₹2.62 lakh crore
- Coal: ₹2.16 lakh crore
- Mines: ₹1 lakh crore
- Urban Infrastructure: ₹52,000 crore
- Aviation: ₹27,500 crore
The government’s strategy focuses on leasing, selling minor stakes, and privatizing operations. It does not involve selling off full ownership of these public assets.
Specific Projects and Assets
The pipeline includes a wide variety of assets, from hotels to energy companies:
- Energy & Telecom: The government plans to reduce its stake in GAIL Gas to raise ₹3,100 crore by 2028. BSNL will lease 38 land parcels to target ₹2,400 crore.
- Hospitality: The Ashok Hotel will be privatized for operations (₹820 crore target), and Hotel Samrat will be leased to the private sector (₹380 crore target).
- Transport & Utilities: Port terminals and jetties have a monetization target of ₹1.19 lakh crore. In the railway sector, stake sales in seven public companies aim to raise ₹83,700 crore. Additionally, transmission lines and power projects from PGCIL, NHPC, and SJVN are included in the plan.
The Finance Minister emphasized the need for simpler processes and strict timelines to ensure this large-scale plan is implemented successfully.
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