DIPAM empanels 11 consultants for asset monetisation

New Delhi, Sep 24 (IANS) As many as 11 consultants including RITES, CBRE South Asia, BCG, and PwC have been empanelled by DIPAM (Department of Investment and Public Asset Management) for monetising land and properties of of CPSEs, PSUs and other government organisations to unlock value of its investments in these idle assets.

The list of consultancy firms also include Cushman & Wakefields, Anarock Property, Feedback Ventures, Knight Frank India, KPMG, Deloitte Touche, and JLL Property, as per the DIPAM.

These consultants will prepare feasibility reports for individual assets and design both the model and the bidding process for asset sales. This asset monetisation exercise is expected to add to the higher disinvestment target of Rs 1.05 lakh crore for the current fiscal. So far the government has raised a little over Rs 12,000 crore.

Meanwhile, the Niti Aayog, which has to prepare list of such assets for DIPAM, has identified some assets across the country in power sector, aviation, ports and some highway projects. These are in non-metro cities.

For monetising land assets of PSUs, the government may also use the REITS (real estate investment trust) and InvITS (Infrastructure investment trust) channel. The standard sell and lease options are also there.

Assets of the government departments and state-run companies are spread ac ross the country under land and buildings, brownfield operational assets such as pipelines, roads, mobile towers and financial assets, and ports. In March, the DIPAM issued a detailed guideline on asset monetisation of state-run firms and government departments.