World Bank to advise DIPAM on CPSE asset monetisation

The government has tasked DIPAM to facilitate monetisation of non-core assets of central public sector enterprises, or CPSEs, under strategic disinvestment of value of Rs 100 crore and above.

The World Bank advisory project 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, the Finance Ministry said in a statement.

“It is expected that this project would 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,” it said.

The central government also plans to sell minority stake in LIC, the country’s largest insurer, and list it on bourses.