The State Government has been pulled up by the Comptroller and Auditor General (CAG) for not convening a meeting of the High level Clearance Authority (HlCA) between September 2012 and March 2014, resulting in 11 proposals with an investment of Rs59,491.64 crore being delayed. The (CAG in its report on Economic Sector for the year ended March 2014 pointed out that no meeting of HlCA was held after September 2012 up to March 2014.
“Eleven proposals for setting up industries with investment of Rs59,491.64 crore were delayed by one to 18 months. Issues such as industrial development, promotion of foreign direct investment, environment management, land policy, peripheral development, ancillary and downstream development, promotion of frontier industries did not find mention in the minutes.” said the report tabled in the State Assembly Thursday.
As per IPR (Industrial Policy Resolution) 2007, the HlCA headed by the Chief Minister should meet at least once in a quarter to review implementation of the IPR 2007 that issues pertaining to industrial development. The HlCA examines proposals of investment of more than Rs1,000 crore. However, the audit agency said the Government in October 2014 maintained that the date of convening of the HlCA is based on various factors, convenience of committee and sufficiency of proposals.