Unlocking Surplus Lands of Public Sector Undertakings a Neo Economic Reform in India and its New Challenges Ahead

DOI

10.2991/978-2-38476-255-2_30How to use a DOI?

Keywords

Asset Valuer; Consultancy Firms; “Department of Public Enterprises” (in short DPE); “Department of Investment and Public Asset Management” (in short DIPAM); Land monetization; “National Land Monetization Corporation” (in short NMLC); Privatization; Public Sector Enterprises Policy; 2021; Transaction Advisors

Abstract

The Indian government after 31 years had stepped into another big economic reform that all the non-strategic sector assets (Plant and Machinery, Land and Buildings) and its surplus lands (which remained un-utilized and underutilized), in the Central Public Sector Enterprises/State PSE’s, PSUs, closed and sick undertakings, immovable enemy properties from long years, are going to be unlocked and be monetized. A mega monetization drive in the Indian industrial sector is going to be implemented through a new economic policy named Public Sector Enterprises (PSE) Policy, 2021 for Atmanirbhar Bharat (A self-reliant country) to get a new source of revenue for other governments and for introducing new economic activities and new technologies. Indian government for the first time incorporated a National Land Monetization Corporation (NLMC) whose sole business is to sell, lease and manage national assets (public commons). There is much scope for the removal of Environmental legal protection to these commons. The present paper attempts to discuss India’s new neo-liberal policy 2021, and the role of land management agencies in implementing the policy through empirical research conducted through some case studies which supports the author’s arguments that, there are certain challenges and high risks associated with this policy implements at full length without filling these gaps.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Lakshmi Haritha Nakka
AU  - S. Sumitra
AU  - D. Ganesh Kumar
PY  - 2024
DA  - 2024/06/13
TI  - Unlocking Surplus Lands of Public Sector Undertakings a Neo Economic Reform in India and its New Challenges Ahead
BT  - Proceedings of the NDIEAS-2024 International Symposium on New Dimensions and Ideas in Environmental Anthropology-2024 (NDIEAS 2024)
PB  - Atlantis Press
SP  - 348
EP  - 364
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-255-2_30
DO  - 10.2991/978-2-38476-255-2_30
ID  - Nakka2024
ER  -