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The Comptroller and Auditor General of India has travel down connected Telangana State Industrial Infrastructure Corporation (TSIIC) for hold successful acquisition of onshore for Hyderabad Pharma City (HPC) and National Investment and Manufacturing Zone (NIMZ) Zaheerabad projects.
It has besides rapped TSIIC for not undertaking a periodical survey of its onshore and causing gross nonaccomplishment by extending undue payment to allottees successful a fewer cases.
There was an inordinate hold of much than 5 and 7 years successful acquiring the onshore for HPC and NIMZ Zaheerabad projects respectively resulting successful hold successful accomplishment of expected concern and employment generation, the CAG said successful a study for the twelvemonth ended March 31, 2022.
Sharing results of a Compliance Audit, it said TSIIC availed indebtedness of ₹725 crore from Housing and Urban Development Corporation (HUDCO) for onshore acquisition of NIMZ projects but diverted ₹317.49 crore for onshore acquisition successful different projects, improvement of e-city, repayment of indebtedness and operational requirements.
The audit observed that alienation orders of Telangana authorities were received successful respect of 23,717 acres which included 19,669 acres of authorities land. The alienation proceedings were pending from 1974. The reasons for specified agelong pendency were not recovered connected record. Despite non-finalisation of alienation proceedings, TSIIC allotted lands to backstage parties and executed merchantability deeds based connected the tentative marketplace worth of the land.
The TSIIC did not undertake a periodical survey of its 53,474 acres of onshore since its enactment successful 2014, the study said.
The CAG besides sought to item however the State Industries and Commerce Department allotted 20 acres astatine Hardware Park, Mamidipally, to Adani Defense Systems and Technologies astatine a concessional complaint of ₹40 lakh per acre against TSIIC’s prevailing onshore complaint of ₹2.13 crore per acre, successful deviation from the Cabinet Sub-Committee’s decisions frankincense extending undue payment of ₹34.60 crore to the allottee.
The Consultative Committee connected Electronic System Design & Manufacturing allotted 165.21 acres to 39 allottees though it was not competent to bash truthful thereby extended undue payment of ₹208.24 crore.
The study besides recovered responsibility with the allotment of 511 acres by TSIIC to Vem Technologies against the existent request of 49 acres, arsenic evaluated by the TSIIC’s method consultant, astatine a concessional complaint successful contravention of the Land Allotment Policy and guidelines of NIMZ. This resulted successful gross nonaccomplishment to TSIIC and hold of undue payment to the allottee to the tune of ₹106.91 crore.
The CAG study said the State authorities whitethorn instrumentality due steps to velocity up acquisition of onshore for concern parks; guarantee aboriginal completion/upgradation of the infrastructure projects by TSIIC; and implicit the process for alienation of authorities lands successful possession of TSIIC. Underscoring the request for Industries and Commerce Department and TSIIC to abide by the Cabinet Sub-Committee’s decisions and the Allotment Regulations regarding proviso of concessional allotments and infrastructure facilities, the CAG wanted incorporation of suitable clauses by TSIIC successful the merchantability deeds to supply for the resumption of premises successful the lawsuit of non-implementation of the projects by the allottees.
The study besides flagged allotment of onshore to Amazon Data Services India astatine HPC. The audit observed that allotment of onshore successful HPC for constitution of a information centre was a deviation from the intent for which the Pharma City was proposed. The people of procreation of nonstop employment for 1.66 lakh radical astatine HPC was besides jeopardised since employment imaginable of a information centre was precise minimal, the CAG study said.
