New Delhi, Nov. 5 -- An Inter-Ministerial Group (IMG) has recommended asset monetisation proposals involving surplus land and building assets of Central Public Sector Enterprises (CPSEs), valued at over Rs 1,100 crore, for consideration and approval by the Cabinet-delegated Alternative Mechanism (AM), the Ministry of Finance said on Thursday.

The recommendations mark progress in the government's efforts to unlock value from surplus and underutilised public assets and facilitate their productive utilisation. The proposals will now be placed before the Alternative Mechanism for consideration and approval, following which further monetisation activities will be undertaken as per prescribed procedures.

The IMG is chaired by the Secretary of...