Powered by
Sponsored by

Under BJP govt, country's assets not safe: Congress on National Monetisation Pipeline

Congress accused BJP of selling country's assets

32-randeep-surjewala Randeep Surjewala | Sanjay Ahlawat

The Congress on Monday accused the BJP of selling the country's assets after Finance Minister Nirmala Sitharaman unveiled an ambitious Rs 6 lakh crore National Monetisation Pipeline (NMP).

Congress chief spokesperson Randeep Surjewala alleged that under the BJP, the country's assets will not be saved.

"Sale of country's properties worth Rs 6 lakh crore -- roads, rail, mines, telecom, power, gas, airports, ports, sports stadium...Modi ji will sell everything from the earth to the sky. If there is BJP, then the assets of the country will not be saved," Surjewala said in a tweet in Hindi, using the hashtag "#StopSellingIndia".

Finance Minister Sitharaman unveiled the National Monetisation Pipeline (NMP) that included unlocking value by involving private companies across infrastructure sectors -- from passenger trains and railway stations to airports, roads and stadiums.

As many as 25 Airports Authority of India (AAI) airports, including ones at Chennai, Bhopal, Varanasi and Vadodara, as well as 40 railway stations, 15 railway stadiums and an unidentified number of railway colonies have been identified for getting private investments.

Stating that there is no transfer of ownership or land, she said, "The NMP talks about brownfield infra assets where investments have already been made, where there is a completed asset which is either languishing or which is remaining not fully monetised or which is remaining underutilised."

"So by bringing in private participation into this, you are going to be able to monetise it better, and with whatever resources you obtain through the monetisation, you will be able to put in further investment into infrastructure," she said.

The total indicative value of NMP for core assets of the central government has been estimated at Rs 6 lakh crore over the four-year period FY22 to FY25. 


📣 The Week is now on Telegram. Click here to join our channel (@TheWeekmagazine) and stay updated with the latest headlines