Pune: The Khadki Cantonment Board (KCB) has decided to use its seven land plots for commercial purpose to generate revenue.
The move is crucial in the backdrop of the cancellation of the vehicle entry fee (
VEF
) by the
Ministry of Defence
last week.
“Our annual expenditure is Rs80 crore. It includes salary, pension, and basic civic services. With no VEF and GST share, we will not generate the required revenue. As a result, we have decided to construct commercial complexes on the land plots that are under the management of the cantonment,” said
Pramod Kumar Singh
, CEO, KCB.
“We have identified plots that are under the management of the cantonment board. A few of them are with the defence estates office of the Pune circle. We will put forth some of the proposals before the general body meeting of the cantonment. Once it is approved, we will submit it to the PDDE for its sanction,” said Singh.
Private agencies will be roped in for helping in develop business complexes through the public-private partnership basis, he said.
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