Of this Rs 10.8 lakh crore is expected to be generated in the five years of NMP 2.0 till 2029-30 while the remaining Rs 5.9 lakh crore will flow in the years after 2030, NITI Aayog CEO BVR Subrahmanyam said on Monday.
Finance minister Nirmala Sitharaman released the NMP 2.0 report, prepared by the Aayog, on Monday.
The government has garnered Rs 5.3 lakh crore from monetisation of assets under the four year period of NMP 1.0, which is 89% of the targeted Rs 6 lakh crore.
According to Subrahmanyam, the government is hopeful of monetising assets worth Rs 2 lakh crore in 2025-26 compared to an estimated Rs 2.49 lakh crore for the current financial year in the first year of NMP 2.0.
In NMP 2.0, the governments is betting big on sectors like roads, power, ports, railways and coal among others.
As per the report, highways, multi-modal logistic parks (MMLPs) and ropeway put together is expected to fetch Rs 4.42 lakh crore through monetisation in the five year period of NMP 2.0 (2025-26 to 2029-30).The monetisation target for the power sector is Rs 2.76 lakh crore followed by ports (Rs 2.63 lakh crore), railways (Rs 2.62 lakh crore), coal (Rs 2.16 lakh crore), mines (Rs 1.0 lakh crore), urban infrastructure (Rs 52,000 crore), civil aviation (Rs 27,500 crore), petroleum and natural gas (Rs 16,300 crore), warehousing and storage (Rs 10,000 crore), telecom (Rs 4800 crore) and tourism (Rs 1200 crore).
Of the estimated Rs 10.8 lakh crore to be raised through asset monetisation under NMP 2.0, the Aayog pegs Rs 4.61 lakh crore to directly go to the Consolidated Fund of India, Rs 4.18 lakh crore to be the direct private investment, Rs 1.63 lakh crore to go to PSUs or port authorities and Rs 38, 418 crore to go to state consolidated fund.
“Assuming that 70% of the central government proceeds is spent on public funded projects, the resulting amount of Rs 3.2 lah crore shall be a direct investment by the government in the development of infrastructure projects,” the Aayog said in its report.
Extrapolating the monetisation data, the Aayog said Ra 6.2 lakh crore of central government or PSU proceeds may result in increased investment of Rs 12.2 lakh crore.
“Further, if the capital expenditure multiplier of 3.25 is applied on this amount, it is expected to increase the country’s GDP by approximately Rs 40 lakh crore over the next 5-10 years,” it added.