Lok Sabha Question No. 4671 (UNSTARRED), answered on 2020-03-23
Subject: Land Asset Monetisation Programme
Ministry: FINANCE
Asked by: Kirti Vardhan Singh

## GOVERNMENT OF INDIA MINISTRY OF FINANCE

## DEPARTMENT OF INVESTMENT AND PUBLIC ASSET MANAGEMENT

## LOK SABHA UNSTARRED QUESTION NO.

## 4671

TO BE ANSWERED ON Tuesday; March 23, 2020 / Chaitra 3,1942 (Saka)

## Land Asset Monetization Programme

## SHRI KIRTI VARDHAN SINGH:

Will the Minister of FINANCE be pleased to state:

- (a) Whether the Government is contemplating to launch Land Asset Monetization Programme to raise funds through sale of land parcels held by various Government
- departments and companies across the country;
- (b) If whether any consultancy firms have been hired in this regard and if SO, the details of the companies hired for the purpose; and SO,
- C) Whether any foreign consultant has also been hired for the said process and if So, the
- detail of the firm?

## ANS WER

## THE MINISTER OF STATE IN THE MINISTRY OF FINANCE

## (SHRI ANURAG SINGH THAKUR)

(a), (b) & (c) There is the Government  has   approved the procedure and mechanism for Asset Monetization of Central Public Sector Enterprises (CPSEsy Public Sector Undertakings (PSUs) /Other Government Organizations which is available in the website of Department of Investment and Public Asset Management (DIPAM) at WWW dipam gov.in\_ The asset  monctization of the Government also include monetization of land and building: no

The scope of the institutional mechanism approved by the Government covers monetization of the following:

- Identified non-core assets of CPSEs under strategic disinvestment and
- Assets of other CPSEsl PSUsl other Government Organizations with the approval
- (iii) of the Competent Authority.
- (ii) Immovable Enemy Property under the custody of Custodian of Enemy Property (CEPI); MHA as per sub-section 6 of section 84 of the Enemy Property Act 1968;
- (iv) Sick/loss CPSEs under closure shall follow the DPE closure guidelines dated 14.6.2018 in this regard. However; any sicklloss making CPSEs can also adopt this framework with the approval 0f Competent Authority making

Under the Asset Monetization Framework approved by the Goverment; DIPAM has empanelled 11 International Property   Consultancy   firms who would provide end to end fodloaction advisory services and ensure completion of transactions for monetizing the same The following   International  Property  Consultancy  firms have   been , appointed   after   competitive process for monetization of Assets of CPSEs under Strategic Disinvestment bidding

| CPSE                                      | Name of Consultancy Firm appointed                                           |
|-------------------------------------------|------------------------------------------------------------------------------|
| and Roof (B&R) Bridge                     | 1 MIs Jones LaSalle Property Consultants (India) Pvt. Ltd. 2 Ms. KPMG Lang   |
| Bharat & Compressors Limited (BPCL) Pumps | 1. Ms KPMG Advisory Services Pvt. Ltd.                                       |
| BEML Limited                              | 1 Ms. CBRE 2. Mls. Jones LaSalle Property Consultants (India) Pvt; Ltd. Lang |

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