On Wednesday Prime Minister Modi stated that the government has targeted to monetize 100 public sector enterprises (PSEs) across sectors barring four strategic sectors under the National Asset Monetization Pipeline proposed by Finance Minister in her Budget speech, underscoring the concept f minimum government and maximum governance.
PM Modi stated “Today there are many underutilized and unutilized assets under government control. With this thought, we have announced the National Asset Monetization Pipeline and have targeted to monetize such 100 assets with chances for investment opportunities worth ₹2.5 trillion”.
PM Modi, speaking at a webinar on privatization By the Department of Investment and Public Asset Management (DIPAM), stated that the government is moving ahead with the mantra of monetize and modernize. He further added that when the government monetizes, the private sector fills that gap and brings in investment, global best practices, top quality manpower, and changes in management with itself. This modernizes things and brings new developments in sectors along with expansion and job opportunities.
Four strategic sectors were outlined in the budget; first, atomic energy, space and defense; second, transport and telecommunications; third, power, petroleum, coal and other minerals; and fourth, banking, insurance and financial services to have a bare minimum presence in PSEs.