Department of Public Enterprises (DPE) is a general policy making Department for CPSEs and does not centrally maintain data of movable/ immovable assets of CPSEs.The details of the land acquired and handed over to Central Public Sector Enterprises (CPSEs)by various State Governments for use of such CPSEsare available with the CPSEs and their concerned administrative Ministries/ Departments.
Department of Investment and Public Asset Management (DIPAM) is the nodal Department for disinvestment of CPSEs. DIPAM has intimated that the procedure and mechanism of asset monetization of Central Public Sector Enterprises (CPSEs)/ Public Sector Undertakings (PSUs)/ other Government Organizations and immovable Enemy Properties has been approved by the Cabinet in its meeting held on 28.02.2019.
As per the procedure < mechanism of asset monetization, Technical/ Advisors/Consultants/ Experts/international bodies will carry out due diligence of the assets in consultations with various stakeholders including the State Government. Based on the feedback received, the Technical/ Advisors/ Consultants will suggest to Inter-Ministerial Group (IMG) the models for monetization of asset under consideration. IMG will further recommend to the Alternative Mechanism (AM) the appropriate model for monetization of asset(s) under consideration, threshold value, revenue sharing with the State Governments. AM will decide the appropriate model, threshold value, sharing the proceeds of revenue with the State Governments.
This information was given by the Minister of Heavy Industries < Public Enterprises, Prakash Javadekar, in a written reply in the Rajya Sabha today.
