DIPAM Signs Agreement With World Bank For Advisory Services On Asset Monetization
Department of Investment and Public Asset Management (DIPAM) has signed an agreement with World Bank yesterday. Under the agreement, World Bank is to provide advisory services to DIPAM for asset monetization. DIPAM is mandated with facilitating monetization of non-core assets of government CPSEs under strategic disinvestment or closure and enemy property of value of INR 100 crores and above. DIPAM has a framework for monetizing non-core assets.