The department of Posts is looking to develop the unutilised land under its occupation and lease it to private firms for their operations, Chief General Managelf business development and marketing directorate, S Samant, said on Friday
"We have close to 1,000 plots of two acres each throughout the country. We are looking at the public-private participation model to develop these plots and put them for commercial use," Samant said.
Banking On Land
A special purpose vehicle will be formed for the purpose
Land will be leased out to private players once the department gets permission from the government for the same
The department is looking at the public-private participation model to develop these plots
A few pharma companies have expressed interest in using the department's network
The department is in talks with the government for necessary approvals. "We are talking to the government to let us follow this plan," he added. A special purpose vehicle would be formed for the purpose and the land will be leased out to private players once the department gets permission, Samant said.
