Talks to get Bandra-Worli sea-link patented

Image
Press Trust of India Mumbai
Last Updated : Jan 20 2013 | 1:43 AM IST

The Maharashtra State Road Development Corporation (MSRDC) is in talks with a few international legal consultants to patent its iconic Bandra-Worli Sea Link project with the intention to generate additional revenue.

"The Corporation is in talks with 2-3 international legal firms to explore possibilities of patenting the Sea Link," a senior MSRDC official told PTI here on the condition of anonymity.

The process has been initiated by the newly-appointed Vice-Chairman and Managing Director, Bipin Srimali, after it was noticed that a number of private players were using the sea-link for commercial purposes without informing the authority, he said.

This exercise would also enable the Corporation to generate additional revenue, the official said.

"We expect to get the patent rights by May. Once this is in place, any company or even the State or Central Government would have to pay us a certain amount for using the sea-link for commercial purposes. This will also enable us to generate additional revenue," the official added.

The 4.7-kilometre sea-link was opened for vehicular traffic in March last year.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 22 2011 | 6:54 PM IST

Next Story