Maharashtra, India's wealthiest state, plans to tokenize state-owned assets to finance new infrastructure development

Odaily reports that India's wealthiest state, Maharashtra, is formulating a policy to tokenize state-owned assets, including power transmission infrastructure, on-chain. The proceeds will be used to build new transmission lines and energy storage facilities. MITRA CEO Praveen Pardeshi stated that transmission lines themselves can be partially tokenized, at a ratio of 40% to 50%, with token holders able to share in transmission revenues. The newly raised funds will be used to build more transmission lines and solar energy storage centers.

Maharashtra accounts for approximately 14% of India's nominal GDP and has a population of about 130 million. Pardeshi stated that tokenization does not equal privatization, but rather allows more citizens to participate in the construction of public assets. The state also plans to enact India's first blockchain-based property tokenization law.