In order to operationalise National Land Management Corporation (NLMC), Central government has appointed a joint secretary to the Department of Public Enterprises (DPE). He will work as an interim chief executive officer (CEO) of special purpose vehicle. He will monetise the surplus land and buildings of public sector undertakings (PSUs).

• Sanjay Kumar Jain has been appointed as the interim CEO.
• Government has also appointed its nominees to the board of NLMC.
• Government will start the process of monetising 3,479 acres of surplus land, that have been identified by nine PSUs, as well as building assets.
• Other PSUs and government departments will also prepare a list of assets, to be monetised through NLMC.