India, July 24 -- In a bid to increase internal revenue generation, Pune Mahanagar Parivahan Mahamandal Limited (PMPML) has launched an initiative to focus on commercial development of its bus depots and bus stops. Newly appointed chairman and managing director Pankaj Deore said 10 of public transport utility's 17 bus depots will be developed for commercial utilisation and advertising in the first phase.

During the meeting with officials after taking charge on Monday, Deore stated that plans are underway to gather comprehensive departmental insights before rolling out the strategy.

"Although the decision to develop the depots had already been made earlier, private developers were hesitant due to the existing 30-year agreement limit. To ...