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LATEST NEWS UPDATES | Land acquisition issues stall only 8% of all industrial projects -Prachi Salve

Land acquisition issues stall only 8% of all industrial projects -Prachi Salve

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published Published on May 7, 2015   modified Modified on May 7, 2015
-IndiaSpend.com

About 8% of 804 industrial projects – with a planned investment of Rs 421,062 crore ($67.91 billion) – across India are in limbo because of land-acquisition problems, according to data released by the finance ministry.

The data complement a 2014 Comptroller and Auditor General report that says 38% of land acquired for special economic zones has not been used.

The leading causes for stalled plans were unfavourable market conditions (98 projects) – in other words, a slow economy – lack of promoter interest (96 projects) and lack of funds (83). These reasons accounted for 34% of stalled projects.

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Scroll.in, 6 May, 2015, http://scroll.in/article/725313/land-acquisition-issues-stall-8-of-all-industrial-projects


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