PM Modi will address global investors today
New Delhi: Prime Minister Narendra Modi on Wednesday will address global investors as well as infrastructure, real estate and legal sector experts on the CPSE’s privatization strategy, asset monetization and their contribution to the growth of India.
The Department of Investment and Public Assets Management (DIPAM), in collaboration with NITI Aayog, is organizing the Senior Level Post-Budget Consultative Webinar, which will see the participation of 22 Ministries and senior management of PES.
Global sovereign wealth funds, private equity, global pension funds, investment banks, asset monetization firms, especially real estate, infrastructure and legal experts, and other stakeholders from North America, Europe, the Middle East, Asia and the Far East and Australia would also participate.
“With this webinar, DIPAM aims to obtain ideas and views from industry experts, the investment community and other prominent stakeholders on issues to develop a time-bound implementation plan/strategy regarding privatization/divestiture of public sector enterprises and monetization of assets of essential and non-essential assets for the achievement of optimum outcome/contribution to India’s growth,” an official statement read.
Finance Minister Nirmala Sitharaman will deliver her remarks during the closing session of the webinar.
DIPAM will incorporate the valuable thoughts/experiences of the panelists and participants to formulate a sound implementation strategy for the Government of India’s privatization, asset monetization and divestment program with sharper focus, the statement added.
The government has set a budget target of Rs 65,000 crore for divestment/privatization of CPSE in the next financial year starting April 1.
In the current financial year, the divestment target has been reduced to Rs 78,000 crore in the revised estimates from Rs 1.75 lakh crore pegged in the budget. So far, this financial year, more than Rs 12,400 crore, has been achieved thanks to the sale of minority stakes and the privatization of Air India.
Meanwhile, Prime Minister Narendra Modi on Tuesday asked financial institutions to come up with innovative and futuristic financing and risk management ideas to finance the emerging needs of the economy.
Stating that implementing green finance is the “need of the hour” to achieve the goal of net zero carbon emissions by 2070, Modi said financial assistance should be extended to environmentally friendly projects. ‘environment.