CAG flags Rs 29.45 crore unfruitful spend by DSIIDC
India, Aug. 8 -- The Comptroller and Auditor General (CAG) of India has flagged an unfruitful expenditure of Rs 29.45 crore by the Delhi State Industrial and Infrastructure Development Corporation.
The DSIIDC has acquired 137.63 acres of land at Baprola on a 99-year lease in December 2006 to set up a Gems and Jewelry Park and Fashion Design Hub but left 81.42 acres, representing 59 percent of the total land, completely unused for over 17 years. The land has been left unused due to indecision and repeated changes in the intended use of the land.
The CAG report also found that DSIIDC created an undischarged liability of Rs 15.79 crore toward pending annual ground rent on the allotted land for the period from December 2007 to December 2024...
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