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Under national monetisation scheme, govt fixes indicative value of Ashok hotel at Rs 7,409 cr

National Monetisation Pipeline: As part of the national monetisation scheme, the government has reportedly set an indicative value for the venerable “The Ashok” hotel in Delhi at Rs 7,409 crore.

One of the eight assets owned by India Tourism Development Corp listed under the National Monetisation Pipeline (NMP), which was unveiled by Finance Minister Nirmala Sitharaman last year, is the Ashok, along with the neighbouring hotel Samrat.

According to the sources, investor engagement has already been conducted, and a cabinet note is being considered for the sale of the expansive 25-acre property in the centre of the national capital.

“The Ashok hotel’s monetisation will take place through public-private partnership(PPP) mode and an indicative value of the hotel has been fixed at Rs 7,409 crore,” the sources told media.

To unlock value in infrastructure assets across industries, Sitharaman announced the Rs 6 lakh crore NMP over four years in August 2021.

The report on the NMP was written by Niti Aayog after collaboration with infrastructure line ministries. The finance minister discussed the implementation of the NMP with Niti Aayog CEO Parameswaran Iyer on November 14.

The Coal Ministry tops the list by raising Rs 17,000 crore, and the Ports and Shipping Ministry exceeds its entire fiscal target, since the government has already sold assets worth Rs 33,422 crore under the NMP in 2022–23.

 

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