Moving on to the 2.5 lakh crore Asset monetisation plan, the government has decided to sell the rest of its stake in airports in Delhi, Mumbai, Bangalore and Hyderabad. Sources have given information about this. A. All four airports are already private. According to sources, AAI is in the process of privatizing 13 other airports in the financial year 2021-22.
The Ministry of Civil Aviation will obtain the requisite approval for divestment of equity stake of AAI in joint ventures operating Delhi, Mumbai, Bengaluru and Hyderabad airports. He said that the issue is likely to be sent to the cabinet for approval in the next few days. Sources said that to make the proposal of 13 AAI airports identified for privatization more lucrative, a package of profitable and non-profitable airports will be prepared.
AAI owns more than 100 airports
In the first round of privatization of airports by the Narendra Modi government, the Adani Group acquired licenses to operate six airports ‘Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram and Guwahati’ last year. AAI, which works under the Ministry of Civil Aviation, owns and manages more than 100 airports across the country.
Adani holds 74% stake in Mumbai International Airport
The Adani Group holds 74 percent stake in Mumbai International Airport, with the remaining 26 percent being held by AAI. GMR Group holds 54 per cent in Delhi International Airport, 26 per cent with Airports Authority of India, while Fraport AG and Armaan Malaysia hold 10 per cent. AAI has 26 percent stake in Hyderabad International Airport Limited with the Government of Andhra Pradesh and 26 percent in Bangalore International Airport with the Government of Karnataka.
Target to collect 2.5 lakh crores in 3 years
PM Modi has set a target of collecting 2.5 lakh crore rupees in the next three years with the help of asset monetization. According to the Times of India report, the government wants to collect half of the target i.e. 1.3 lakh crore rupees from asset monetization in the railway and telecom sector. For the financial year 2021-22, the government has set a target of disinvestment and privatization at Rs 1.75 lakh crore. Prime Minister Narendra Modi had said recently that thinking of privatization of government companies will lead to better utilization of resources. The property lying idle after privatization will be properly utilized. The government has identified more than 100 such properties, which will be sold in the coming time.
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90 thousand crores will come from asset monetization of railways
After the announcement of PM Modi regarding asset monetization, NITI Aayog has started to carry out this work. For this, he has kept in touch with different ministries and departments. NITI Aayog has set a target of raising 90 thousand crores with the help of Asset Monetization of Railways. Apart from this, a target has been set to raise 40 thousand crore by selling the telephone towers and optical fiber infrastructure of BSNL and MTNL.