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DIPAM inks pact with World Bank for advisory services on asset monetisation

Tuesday, 17 Nov 2020
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The Department of Investment and Public Asset Management (DIPAM) has entered an agreement with World Bank on 16 November 2020. 
 
Under the agreement, the World Bank will provide advisory services to DIPAM for asset monetisation. 
 
DIPAM is mandated with facilitating monetisation of non-core assets of government CPSEs under strategic disinvestment or closure and enemy property of value of Rs 100 crores and above. 
 
DIPAM has a framework for monetising non-core assets. The World Bank advisory project, approved by the Finance Minister, is aimed at analysing public asset monetisation in India and benchmarking its institutional and business models against international best practices as well as supporting development of operational guidelines and capacity building for their implementation.
 
It is expected that this project will facilitate and accelerate the non-core asset monetisation process and help unlock the value of these un-used/ marginally used assets which has the potential to substantially augment financial resources for further investments and growth.
 
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