Money-strapped Bangalore College desires to make cash. By promoting jackfruit | Bengaluru


Bangalore College, which has greater than 650 affiliated schools, has determined to public sale off the 50-odd jackfruit timber on its 1,000-acre Jnanabharathi campus forward of the upcoming jackfruit season.

The varsity had tried to public sale off the timber final 12 months however didn’t acquire any income as a result of lack of demand and consumers. Officers have advised media that final 12 months’s try was additionally hindered by the pandemic impact and that they’re extra hopeful about making a revenue this 12 months.

The public sale is about to happen on Could 31 and the college has some guidelines in place. The public sale will begin at 11.30 am and all bidders are required to pay a deposit of 5,000. The very best bidder will then be given a young to reap the yield. Nonetheless, college authorities could resolve to revoke the public sale if they don’t seem to be content material with the best bidding value. The college will, in that case, refund the deposits paid by the bidder.

BU has additionally determined that the public sale will solely go ahead if there are a minimal of three bidders. If lower than three members enrol for the public sale, the college will reserve its proper to name off the public sale and arrange a later date for a similar.

BU had beforehand offered yield from its 500 and extra tamarind timber previously few years, which was a profitable enterprise for the cash-strapped varsity. Officers from the college have advised media that many of the jackfruit grown on its campus goes lacking as passers-by, who embody joggers, college students and the widespread public, merely pluck them for his or her consumption.

Subsequently, because the season kicks in for jackfruit to start out ripening this 12 months, officers have chosen to conduct an public sale to keep away from theft. A report mentioned the typical variety of bidders the BU has acquired for its earlier tamarind auctions ranges from 12 to 14.

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