National Infrastructure Pipeline proposes to set up National Land Management Corporation 

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.