Govt plans to sell vibrant infra projects

    vibrant infra projects
    In its quest to boost green-field investment and create fresh capacity, the Union government is considering selling successfully running public sector infrastructure projects in power and steel segment covering NTPC and Steel Authority of India and BHEL among others to private players. In this connection, a proposal is being worked out to monetize commercially viable assets operated and held by state-owned companies, said sources, claiming that the Department of Investment and Public Asset Management and NITI Aayog, the government’s think-tank, are expected to identify such projects, assess their valuation and decide on a mechanism to sell them. As a matter of fact, the Aayog has been of the view that the government must start the process of reverse BOT (build, operate and transfer), sell out projects and let the private sector handle as the focus should shift on creating new projects in sectors roads, airports, power and steel plants. The government feels the role of central public sector enterprises is to develop new infrastructure and create a market rather than just earn returns from their investments.
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