Thursday, 19 January 2017

Madras Export Processing Zone (MEPZ), E-Auction

MSTC conducted e-auction for finalising the lease rent of 6 plots of Madras Export Processing Zone (MEPZ) in the first week of November, 2016. MSTC could elicit very good response and the plots on offer for lease rent fetched a revenue to the tune of Rs. 759.32 lakhs as against the notified rental income of Rs. 26.56 lakhs which is an increase of 2858.22%. Lease period is for three years which means increased revenue of Rs.21.98 crore apprx. (8575% for the lease period) for MPEZ.

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