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N. Venu, MD & CEO, India and South Asia, Hitachi ABB Power Grids

N Venu ABB Hitachi - LR | T&D India

 

“The National Monetization Pipeline is likely to be positive for the chosen sectors if it is orchestrated well, with seamless regulatory support and the right ecosystem to meaningfully monetize the assets.”

Handholding ministries, and an enabling framework, will be key. Revamp of infrastructure in the post-Covid period is required and will help India build back better. Infrastructure is the central pillar of growth and there will be a spillover effect, creating a cycle of demand, unlocking resources and value for the economy. The idea to increase efficiencies of brownfield assets, with a hand back caveat, brings some comfort. Asset monetization in power can bring further investment in infra building. There is an appetite among Indians for such investments and these will steer India to stay aligned with its commitment to development, employment and become a 5-trillion economy.”

 

(N. Venu expressed this view on the National Monetization Pipeline (NMP) announced by Union finance minister Ms Nirmala Sitharaman, on August 23, 2021.)

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