- The government launched NMP 2.0 with a Rs 16.72 lakh crore asset monetisation target for FY26-FY30
- NITI Aayog developed the plan in consultation with infrastructure ministries, unveiled by FM Sitharaman
- Focus sectors include power, ports, railways, coal mines, urban infrastructure, and aviation assets
The government has launched National Monetisation Pipeline (NMP) 2.0, setting an asset monetisation target of Rs 16.72 lakh crore for FY26-FY30 - a 2.6-times jump over the first phase. The roadmap, developed by NITI Aayog in consultation with infrastructure ministries, was unveiled by Finance Minister Nirmala Sitharaman. The plan aims to unlock capital tied up in public assets and redirect it toward fresh capital expenditure.
Under NMP 2.0, the government expects to raise Rs 10.8 lakh crore during FY26-30, with another Rs 5.9 lakh crore projected beyond FY30. Around Rs 5.8 lakh crore in private investment is expected to be catalysed through the programme.
The first phase of the pipeline had set a Rs 6 lakh crore target, of which nearly 90% was achieved, according to official data.
Roads, Power, Ports and Railways in Focus
NMP 2.0 covers over 2,000 assets across 12 ministries, with highways, logistics parks and ropeways forming the backbone of the plan.
The power sector accounts for the largest share, with a Rs 2.76 lakh crore target. Ports follow closely at Rs 2.63 lakh crore, while railways have a Rs 2.62 lakh crore target. Coal assets are pegged at Rs 2.16 lakh crore and mines at Rs 1 lakh crore.
Urban infrastructure assets worth Rs 52,000 crore and aviation assets of Rs 27,500 crore are also lined up for monetisation.
The strategy largely involves leasing, stake sales and operational privatisation of brownfield assets, rather than outright sale of ownership.
Asset-Level Pipeline: Hotels to Highways
Among specific proposals, the government plans to pare its stake in GAIL Gas with a Rs 3,100 crore target by 2028. BSNL will lease 38 land parcels, targeting Rs 2,400 crore.
In the hospitality space, The Ashok Hotel will be privatised for operations with a Rs 820 crore target, while Hotel Samrat will be leased to the private sector for Rs 380 crore.
Port terminals, berths and jetties are slated for monetisation with a Rs 1.19 lakh crore target. In railways, stake sales in seven PSUs aim to raise Rs 83,700 crore. Projects of NHPC and SJVN worth Rs 12,000 crore and PGCIL transmission lines valued at Rs 33,500 crore are also part of the plan.
The Finance Minister has called for simplification of processes and time-bound implementation to ensure the pipeline delivers on its scale.
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