No Reason To Oppose National Monetisation Pipeline, Says Omar Abdullah

Union Finance Minister Nirmala Sitharaman has announced a Rs 6 lakh crore scheme that will look to unlock the value of infrastructure assets across sectors ranging from power to road and railways.

Former Jammu and Kashmir Chief Minister Omar Abdullah on Wednesday said he saw no reason to oppose the National Monetisation Pipeline (NMP) and hoped that the bidding process will be transparent. Union Finance Minister Nirmala Sitharaman has announced a Rs 6 lakh crore scheme that will look to unlock the value of infrastructure assets across sectors ranging from power to road and railways. The asset monetisation plan will not involve the selling of land, and it is about monetising brownfield assets, the minister has said. "I see no reason why I should oppose a scheme that it is looking to monetise an asset that otherwise is not giving me a suitable return. If the same asset would have been privatised, I would then have questioned the government," Mr Abdullah said.