In News: Lots of asset monetisation in coming months: Kant

  • For India to become a $5 trillion economy, the wealth will have to be created by the private sector and hence the government will privatize a lot of its assets across sectors in the coming months, said Amitabh Kant, chief executive officer, Niti Aayog.
  • The govt wants to be a facilitator and a catalyst, the wealth must be created by the private sector.
  • This would require us to do several things which are both cyclical and structural. Therefore in the months to come, Govt. will do a lot of asset monetisation and asset recycling.
  • The govt. would privatize assets like roads, airports, power transmission, and shipping terminals.
  • It is necessary to do that so that the private sector can come in and along with that credit flow can start.
  • On a different note, he said that structural reforms for the agricultural sector would soon be announced as the Committee of Chief Ministers headed by Devendra Fadnavis to suggest such reforms are on the verge of finalizing its report.
  • Agriculture, along with gender parity and exports, were the key elements for India to grow significantly over a long period of time.
  • Japan is another geography where Indian players are yet to make any significant dent. India’s current IT revenue exposure to Japan is some 4% as of now.
  • Huge market: ESC’s annual tech exposition, Indiasoft 2020, scheduled to be held between March 3 and 4, 2020 in Hyderabad will feature an exclusive exposition for companies that focus on the internet of things (IoTs).
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