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According to recent reports, the government of India has fixed an indicative value of Rs 7.409 crore rupees for the iconic Ashok Hotel located in New Delhi. This action was taken in line with the National Monetisation Program which aims at raising private sector investment for new infrastructure creation. The Ashok Hotel and along with the adjacent Samrat Hotel two of the eight structures listed under the India Tourism Development Corp assets under this scheme.
According to recent reports, the government of India has fixed an indicative value of Rs 7.409 crore rupees for the iconic Ashok Hotel located in New Delhi. This action was taken in line with the National Monetisation Program which aims at raising private sector investment for new infrastructure creation. The Ashok Hotel and along with the adjacent Samrat Hotel two of the eight structures listed under the India Tourism Development Corp assets under this scheme.
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Union Minister for Finance and Corporate Affairs, Smt Nirmala Sitharaman, launched the “National Monetisation Pipeline” to create an asset monetisation pipeline of Central ministries and public sector entities. The NITI Aayog was created to implement the scheme. It developed the pipeline in consultation with infrastructure line ministries, based on the mandate for 'Asset Monetisation' under Union Budget 2021-22.
Asset monetisation, based on the philosophy of Creation through Monetisation, is aimed at tapping private sector investment for new infrastructure creation. This is necessary for creating employment opportunities, thereby enabling high economic growth, and seamlessly integrating the rural and semi-urban areas for overall public welfare. NMP estimates aggregate monetisation potential of Rs 6.0 lakh crores through core assets of the Central Government, over a four-year period, from FY 2022 to FY 2025.
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