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Finance Ministry to seek Union Cabinet nod to monetise CPSE land assets

Monday, 18 Oct 2021
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The Union Ministry of Finance will soon move the Union Cabinet to seek approval for setting up a company for transfer and subsequent monetisation of land and non-core assets of privatisation-bound CPSEs.

A special purpose vehicle (SPV) in the form of a company will be set up to hold these assets which will be monetised to fetch value to the exchequer.

Post-Cabinet nod, the Department of Public Enterprises (DPE), which is now under the Ministry of Finance, will be entrusted with doing the asset monetisation.
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