The Sanjivani Sugar Factory is set to restart operations under a Public-Private Partnership (PPP) model, with the Goa government finalising the terms for its revival.
Under the proposed arrangement, the operator will pay an upfront fee of ₹2 crore, along with an annual 0.25% revenue share to the government. The agreement will also include a licence fee that will increase every year.
However, the decision to keep the government's revenue share at 0.25% has raised concerns, with questions being asked over the terms of the agreement and the share of revenue the government will receive from the factory's operations.
The Sanjivani Sugar Factory has remained a major issue in Goa, particularly for sugarcane farmers who have been seeking the revival of the facility.
The PPP arrangement is aimed at restarting the factory and bringing operations back on track.
Sanjivani Sugar Factory Revival: 0.25% Revenue Share Sparks Questions
Sanjivani Sugar Factory is set to restart operations under a Public-Private Partnership (PPP) mode
Latest in POLITICS
POLITICS
Damu Backs Alliance; BJP Sets Sights on 30 Seats in 2027
BJP Goa president Damu Naik has stressed the need for an alliance ahead of the 2027 Goa Assembly elections
POLITICS
Goa Taxi Rides to Get Costlier as Govt Revises Rates; 35% Surcharge, Night Charges Added
Goa State Transport Authority has notified a new distance-based fare structure for tourist taxis and black-yellow taxis