Govt drafting township policy for leasing land owned by major ports
April 04, 2021
The Custom-bonded areas can be leased out for as much as 99 years to develop real estate including multi-storied buildings, commercial and residential complexes
The Custom-bonded areas can be leased out for as much as 99 years to develop real estate including multi-storied buildings, commercial and residential complexes×
Move could ease space crunch and raise funds for development of ports
The Ministry of Ports, Shipping and Waterways is drafting a township policy that will lay down rules for commercial exploitation of land other than those needed for port and related activities at major ports.