DIPAM secretary: Rs 80,000 crore target high but achievable

New Delhi: Speaking at the CII event, Department of Investment and Public Asset Management (DIPAM) secretary Arunish Chawla said the government’s ₹80,000-crore target for disinvestment and asset monetisation for FY27, against ₹33,837 crore this fiscal, seems high but it will be achieved.”Let me assure you, the large target indicates our aspiration, our desire, and also our confidence that we have put our house in order,” he stressed.Chawla said DIPAM will be working with the economic affairs department to put in place a framework for unlocking value from land assets held by various central public sector enterprises through dedicated real estate investment trusts (REITs).Presenting the budget on Sunday, finance minister Nirmala Sitharaman proposed to accelerate recycling of significant real estate assets of state-run firms through setting up of dedicated REITs. Chawla also sought industry feedback for dilution of the government stake in state-owned firms. – Our Bureau