The Centre may be pushing hard to meet the asset monetisation target, but the monetisation of Indian Railways assets through an Infrastructure Investment Trust (InvIT), estimated at Rs 18,000 crore, is unlikely to succeed this fiscal year, Business Standard has learnt.
Being the second-highest contributor (26 per cent) to the Rs 6-trillion asset monetisation pipeline, a shortfall on the part of the railways could put a significant dent on the Centre's overall target. "Making an InvIT is a long-drawn process. It has to be finalised with a careful valuation of assets, which the market will be receptive to. Approvals will have