DoT, BSNL working on Transfer Agreement for Land

 DoT, BSNL working on Transfer Agreement for Land

STAFF WRITER 11:27 HRS IST

New Delhi, Apr 25 (PTI) The Department of Telecom has started laying the groundwork for identifying real estate assets which would be transferred to BSNL to help the PSU form a land bank, in line with the Sam Pitroda panel's suggestions.


BSNL, which was carved out of the DoT in 2000 as a separate service unit and was corporatised, has huge land assets at its disposal, which the panel suggested should be converted into a land bank and monetised in future.


A DoT official said for developing land bank, the land first needs to be transferred to BSNL first.


A DoT internal note said an exercise is already going on for retention of certain assets by DoT for its field units and transferring the rest to BSNL by signing transfer agreements.


"It is proposed to complete signing of TA in time-bound manner within six months.End of the report.