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AP eyes 1,000 cr from red sanders auction
The Andhra Pradesh government hopes to raise Rs 1,000 crore by auctioning 3,500 tonnes of seized red sanders in the second phase on an electronic platform by inviting global tenders in June. The sale of seized red sanders in log form, cut by smugglers in Seshachalam forests, will be conducted for four days from June 17.
Time for tenders
- Tenders likely to be called in 10 days
- 3,500 tonnes set to be auctioned in 2nd phase
- State govt hopes to raise 1,000 crorethrough auction
- Sale of seized material in log form from June 17
- All sale will be done through e-tender-cum-e-auction process
Hyderabad: The Andhra Pradesh government hopes to raise Rs 1,000 crore by auctioning 3,500 tonnes of seized red sanders in the second phase on an electronic platform by inviting global tenders in June. The sale of seized red sanders in log form, cut by smugglers in Seshachalam forests, will be conducted for four days from June 17.
In the second phase, 3,500 MT will be sold through e-tender-cum-e-auction process, Principal Chief Conservator of Forests (Head of Forest Force) A V Joseph said. In the first phase, the government had appointed MSTC Ltd, Government of India enterprise, as the agency for conducting e-auction services and state Forest Development Corporation Ltd as the export agency to realise the sale proceeds.
The Andhra Pradesh Forest Department recently notified the sale of about 3,500 MT of graded red sanders in the second phase through e-auction process that is stored in Central Warehousing Corporation godown at Renigunta in Chittoor. A pre-bid meeting will be held here on May 29, Joseph added.
The Director General of Foreign Trade (DGFT) had earlier issued notification permitting the government to export 8,584 tonne red sanders in log form out of the confiscated/seized stock available with the state government. Accordingly, in the first phase of the global auction for 117 lots, consisting of 2,694 tonne red sanders, was conducted in November-December last year that fetched the government Rs 855.91 crore.
In the first auction, red sanders logs of A grade fetched a price Rs 1.95 crore per tonne, price for B grade ranged from Rs 155.35 lakh to Rs 48.45 lakh per MT, while for grade C, the price range was between Rs 40.72 lakh and Rs 15.15 lakh.
