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| Of 1133 plots allotted for establishment of industrial units, only 57 percent units functional | | J&K SIDCO fails to promote industries in J&K | | Bivek Mathur
JAMMU, Mar 5: The nodal agency for promotion of industries in Jammu and Kashmir-J&K State Industrial Development Corporation (J&K SIDCO) has failed to use the land allotted for establishment of industrial units as it has established only 57 percent units, as per the report of Comptroller and Auditor General (CAG) of India.
An audit was undertaken between March 2013 and June 2013 covering the examination of records of the Head office, Regional office Jammu and five industrial estates of the company involving 238 plots of land with an area of 1946 kanals (22 percent) out of 13 industrial estates involving 1133 plots of land with an area of 8938 kanals, which were selected based on simple random without replacement sampling technique.
The audit revealed that, in the five test checked industrial estates, out of 1133 plots of land allotted for establishment of industrial units, only 643 industrial units (57 percent) were functional as on March 31, 2013 and the remaining 495 units (43 percent) had either not been set up or reported by the company to be under implementation or had been closed down.
The audit conducted further disclosed that 27 industrial units had been closed (Non-Functional) for the period ranging between two and 25 years. The entrepreneur/promoters had not set up 49 industrial units after the plots of land were allotted between two and nine years back by the company and no action had been taken by the company to cancel the allotment as per the terms of the agreement.
162 plots were reported to be under implementation where no industrial unit had been set up despite delay ranging between one month and 19 years beyond gestation period of six months from the date of allotment or lease deed agreement whichever earlier. |
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