Madhya Pradesh: Government Begins Identification of Unused Public Assets | Bhopal News

Bhopal: The government of Madhya Pradesh has started the process of identifying unusable public assets. The government lists unusable assets that can be disposed of. The State is the first in the country to create a public property management company. The process of disposal of assets worth Rs 599 crore is ongoing for the financial year 2022-23.
Chief Minister Shivraj Singh Chouhan said the job of managing idle public assets in the state is being done in a better manner. Madhya Pradesh is the first state in the country where Madhya Pradesh State Assets Management Company Limited was established. Management work is done at a rapid pace in identifying state assets.
The government gets more benefits than the reserve price through asset management. Chief Minister Chouhan chaired the first board meeting of Madhya Pradesh State Assets Management Company Limited on Thursday.
It was decided to form an executive committee at the enterprise in accordance with the decision of the cabinet. He was informed that part of the BSNL building located in Arera Hills is to be leased for the company office. Chief Minister Chouhan will serve as chairman of the board.
The achievements of the department in 18 months were highlighted during the meeting. The service was constituted on September 26, 2020 for the management of unused public property in accordance with the instructions of the CM. A platform has been developed for the identification/release of assets in three months.
It was ensured to dispose of the assets with full transparency by creating a well-established e-tendering and e-auction process within 2 months.