Centre appoints NLMC interim head; to initiate surplus land monetisation

The Centre, as part of its efforts to make National Land Management Corporation (NLMC) operational, has appointed a joint secretary to the Department of Public Enterprises (DPE) interim chief executive officer (CEO) of the special purpose vehicle, which has been tasked with monetising the surplus land and buildings of public sector undertakings (PSUs).

The interim CEO’s job is learnt to have gone to Sanjay Kumar Jain, and the government has appointed its nominees to the board of the corporation.

The government looks to initiate the process of monetising 3,479 acres of surplus land, identified by nine PSUs, and building assets,