Dipam (Department of Investment and Public Asset Management)

Department of Investment and Public Asset Management

The Indian government's Department of Investment and Public Asset Management (DIPAM) is in charge of overseeing the government's investments in various PSEs and encouraging disinvestment in non-strategic, unprofitable, or underperforming state-owned businesses.

DIPAM, a division of the Ministry of Finance, was founded in 2016. Maximizing the value of the government's investments in public sector businesses and fostering effective asset use are two of its main objectives.

DIPAM's activities include the strategic disinvestment of government equity in public sector companies, management of the Central Public Sector Enterprises Exchange Traded Fund (CPSE ETF), and providing strategic guidance to public sector companies on various matters such as financial restructuring, mergers and acquisitions, and corporate governance.

As a government department, the Department of Investment and Public Asset Management (DIPAM) has a wide range of functions and responsibilities related to managing government investments and assets in public sector enterprises. Some of its key workings include:

Formulating policies and guidelines related to disinvestment, strategic sale, and management of government equity in public sector enterprises.

Advising and assisting government departments and public sector companies in matters related to disinvestment, including valuation, asset restructuring, and strategic divestment.

Managing and monitoring the implementation of disinvestment and strategic sale programs for public sector enterprises, in coordination with other government departments and stakeholders.

Managing and promoting the Central Public Sector Enterprises Exchange Traded Fund (CPSE ETF), which is a marketable security that tracks the performance of government-owned companies listed on the stock exchange.

Providing strategic guidance to public sector companies on various matters such as financial restructuring, mergers and acquisitions, and corporate governance.

Conducting research and analysis on issues related to government investments and public sector enterprises, and developing recommendations and policy proposals to optimize the value of government assets and investments.

Overall, DIPAM plays a critical role in managing government investments and assets in public sector enterprises, and promoting efficient and effective use of these resources for economic growth and development.

Features of DIPAM