I believe the mega project involving the pooling of 24,000 acres of land — wherein 50% of the land accrues to the Punjab Government free of cost — presents a significant opportunity. This land, being a newly acquired asset without financial outlay, can potentially be leveraged to raise institutional loans. In essence, it amounts to monetization of assets obtained without expenditure.
Furthermore, I am of the view, though it may require confirmation, that such monetization may not fall within the purview of the Fiscal Responsibility and Budget Management (FRBM) constraints.
Sir,
I believe the mega project involving the pooling of 24,000 acres of land — wherein 50% of the land accrues to the Punjab Government free of cost — presents a significant opportunity. This land, being a newly acquired asset without financial outlay, can potentially be leveraged to raise institutional loans. In essence, it amounts to monetization of assets obtained without expenditure.
Furthermore, I am of the view, though it may require confirmation, that such monetization may not fall within the purview of the Fiscal Responsibility and Budget Management (FRBM) constraints.
You have made significant points— we shall discuss telephonically later in the evening.