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National Infrastructure Pipeline proposes to set up National Land Management Corporation 

  • IASbaba
  • May 9, 2020
  • 0
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National Infrastructure Pipeline proposes to set up National Land Management Corporation 

Part of: GS Prelims and GS-III – Infrastructure

In News:

  • The task force on National Infrastructure Pipeline has recommended setting up a National Land Management Corporation
  • This corporation would help in monetising state-owned surplus land assets in a systematic manner. 

Key takeaways:

  • Such a corporation should be set up under Companies Act. 
  • It would act as a facilitator for land monetisation and an asset manager for lands owned by the government and public enterprises.
  • The Corporation should have representation from: 
    • Finance Ministry 
    • Department of Public Enterprises
    • Ministry of Housing and Urban Affairs 
    • Independent directors from finance and real estate industry.
  • The Corporation will be able to raise capital from the equity market, based on the value of its leased assets.

Important value additions:

National Infrastructure Pipeline (NIP) 

  • It is the investment plan unveiled by the Central Government for enhancing infrastructure in identified sectors for a period of five years from 2020-25.
  • $1.4 trillion have been allotted to NIP. 
  • It will help India to become the $5 trillion economy by 2025.
  • The funding will be jointly made by the Centre, states and the private sector in the proportion of 39:39:22 ratio. 

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