Maharashtra Explores Asset Tokenization to Fund Infrastructure Development

Maharashtra is formulating policies to tokenize state-owned assets on the blockchain, including power transmission infrastructure, with the funds raised being used to construct new transmission lines and energy storage facilities. Praveen Pardeshi, CEO of the state's transformation agency MITRA, stated that transmission lines could be partially tokenized, with a ratio of 40% to 50%, allowing token holders to share in the transmission revenue. The newly raised funds will be used to build more transmission lines and solar energy storage centers. Maharashtra accounts for about 14% of India's nominal GDP and has a population of approximately 130 million. Pardeshi emphasized that tokenization does not equate to privatization, but rather allows more citizens to participate in the construction of public assets. The state also plans to draft India's first blockchain property tokenization law.

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