http://oheraldo.in/node/9877
Inox reserved on paying monthly rent BY HERALD REPORTER PANJIM, Feb 14 - M/s Inox Leisure Ltd has expressed reservations on payment of rental more than Rs 6 lakh per month for running the Government-built multiplex at Campal, the Chief Minister Pratapsing Rane told the Goa Assembly in a written reply. To a starred question tabled by Harish Zantye and Jitendra Deshprabhu, the Chief Minister said Inox has expressed its reservation to make the payment of more than Rs 6 lakh per month to the Negotiating Committee set up to fix the rental amount. As per the audited details submitted to the Negotiating Committee, M/s Inox has shown a cumulative loss of Rs 35.92 crore from November 2004 to September 2005. It may be recalled that the Parrikar government in its preparedness to host IFFI 2004, built a four-screen multiplex in the old GMC complex at the cost of nearly Rs 19 crore and handed it over to Inox without signing any agreement and as such the monthly rental it has to pay to the government remained undecided. Even during the President's Rule, the administration under Chief Secretary Kiran Dhingra, the matter couldn't be settled. As per the existing arrangement, the revenue likely to be realised from the (Inox) multiplex would be allocated to Entertainment Society of Goa. To a question as to how the theatre owners in Panjim would survive in view of the losses suffered in the theatre business, the chief minister said the Government would implement two schemes - Goa Entertainment Tax based subsidy for cinema houses schemes 2004 and the Goa Subsidy on loans to entertainment industry (theatre halls/public theatres/multiplex) scheme, 2004. IFFI 2005: Government spent Rs 8.87 crore on hosting IFFI in November 2005. This was the total expenditure incurred from April 2005 to January 31 2006, the Assembly was informed on Tuesday. As per the details furnished, the event management agency was paid Rs 4.2 crore, nearly half of the total expenditure incurred on IFFI 2005. -- Peace be with you! Gabe Menezes. London, England