No buyers for AP Red sandal logs

No buyers for AP Red sandal logs

 

2014-06-21_77_Home_red sandars(1)

AA P government, which is desperately looking for alternative revenue sources to bail itself out of its critical financial condition has pinned its hopes on Red Sandal lying in forest department godwons in three districts. It expects to pocket at least Rs. 7,000 crores from it through global auction. It planned to sell part of its stocks initially and after seeing the response it plans to sell the rest of the stocks. So, it called for global tenders for auctioning Red Sandal, expecting it could fetch at least Rs.1000-1500 crores. Although many parties have come to evaluate the quality and value of the Red Sandal logs, hardly any of them have shown any interest to purchase them… Red more

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