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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