“NLMC will undertake monetization of surplus land and building assets of Central Public Sector Enterprises (CPSEs) and other government agencies,” it said.
With monetization of non-core assets, the government would be able to generate substantial revenues by monetizing unused and under-used assets, it said.
“At present, CPSEs hold considerable surplus, unused and under-used non-core assets in the nature of land and buildings.
“For CPSEs undergoing strategic disinvestment or closure, monetization of these surplus land and non-core assets is important to unlock their value. NLMC will support and undertake monetization of these assets,” the statement said.
This will also enable productive utilization of these under-utilized assets to trigger private sector investments, new economic activities, boost local economy and generate financial resources for economic and social infrastructure.