The first consultative meeting on asset monetization was held on Wednesday. The meeting was organized by the Department of Investment and Public Asset Management (DIPAM) in partnership with the World Bank.

The meeting was held through video conferencing and was inaugurated by Anurag Thakur, Minister of State for Finance and Corporate Affairs. The meeting was attended by the Country Director of World Bank, CEO of NITI Aayog, Secretary (DIPAM), and many senior officers of Central Ministries/Departments/Authorities. The meeting also had a large representation of State Governments and CPSEs. The meeting provided a platform for Asset monetization, which is a stated objective of the government, and DIPAM is mandated to facilitate monetization of non-core public assets. The monetization process is complex and requires close cooperation and collaboration with all stakeholders.

According to the official release, several key issues were discussed in the meeting in the presence of all stakeholders. Both global and domestic perspective, best practice and experience was shared. The meeting ended with a set of key takeaways, which will assist in developing the capacity and guidance on asset monetization and accelerating the process.