Amethi food park cancelled as promoter failed to comply with

Image
Press Trust of India New Delhi
Last Updated : May 12 2015 | 2:48 PM IST
Days after Rahul Gandhi raised the issue of a mega food park in his constituency Amethi, the government today said the project was cancelled after the promoter company failed to comply with requisite conditions for approval.
In a detailed statement, read out in the Lok Sabha amid din created by Congress members, Food Processing Minister Harsimrat Kaur said the food park's promoter company had expressed its inability to pursue the project in the absence of natural gas, whose allocation was denied by the previous government in December 2012.
The issue pertains to cancellation of proposed Shaktiman Mega Food Park Pvt Ltd in Amethi.
The House saw ruckus after Speaker Sumitra Mahajan allowed the Minister to make a statement on the matter, with Congress members protesting against the decision and even questioning the Chair's partiality.
Rahul Gandhi, Congress Vice President, had last week attacked the government over the issue and also accused Prime Minister Narendra Modi of practising politics of revenge.
Kaur said that in view of inordinate delay by the promoter company in meeting the "pre-conditions for final approval, in-principle approval accorded to the project by the Ministry was cancelled".
The decision of the cancellation was conveyed to the promoter company on July 11, 2014, she added.
The issue of inordinate delay was considered by an inter-ministerial approval committee on June 30, 2014 and then the in-principle nod was cancelled.
She said that during a review meeting of the project's progress in June last year, the promoter company's representative had informed that without supply of gas at administered price, it would not "consider the project to be viable".
"In the absence of availability of gas at the administered price the promoter company expressed its inability to pursue the project," the Minister said.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 12 2015 | 2:48 PM IST

Next Story