These are included in the Ministry of Youth Affairs and Sports’ ₹7,853 crore asset-monetisation plan, a senior government official aware of deliberations told ET.
The monetisation target for the sports ministry for FY23 is ₹2,100 crore within the Centre’s overall ₹1.6 lakh crore plan to raise funds from working assets. The funds will be used to create greenfield facilities. The Centre has asked the sports ministry to press ahead with the monetisation.
“The structuring, preparation of a note for the Public Private Partnership Appraisal Committee (PPPAC) and other pre-transaction steps for the Jawaharlal Nehru Stadium monetisation are to be expedited,” another official said.
The Centre has so far raised ₹33,443 crore in the first seven months from its asset-monetisation plan for FY23. ET had reported earlier this week that the target may be scaled down to ₹1.24 lakh crore.
NTPC has been asked to engage a strategic or financial investor in renewable energy arm NTPC Green Energy. The Ministry of Power has a monetisation target of ₹15,308 crore.
Transactions for the modernisation and monetisation of Food Corporation of India assets and those of the Central Warehousing Corporation are also likely to be accelerated as part of the plan.
CoalMin Leading Monetisation Drive
The Department of Food and Public Distribution, under the consumer affairs ministry, has been given a target of Rs 8,670 crore in the current fiscal year. Proposals worth about Rs 2,823 crore for setting up 3.49 million metric tonnes of storage capacity at 80 locations are being processed.
The coal ministry is leading the government’s monetisation drive and is expected to raise Rs 52,000 crore against a target of Rs 30,000 crore. The shipping ministry is expected to generate Rs 12,000 crore against a target of Rs 3,553 crore.
The government launched an asset-monetisation pipeline of central ministries and public sector entities last year. The Niti Aayog has drawn up the list of assets in consultation with infrastructure line ministries, proposing Rs 6 lakh crore resource mobilisation through core assets over four years ending FY25.