Congress govt spared Reliance SEZ of Rs 50-cr fine:Haryana Min

Image
Press Trust of India Chandigarh
Last Updated : Mar 24 2015 | 8:13 PM IST
Haryana Government today accused the previous Congress regime of sparing Reliance Haryana SEZ Limited of a Rs 50-crore penalty with regard to its shelved 25000-acre project, while alleging that it was awarded without any tender or competitive bidding process.
As opposition leaders raised the Reliance SEZ issue in the assembly today, State Finance and Industries Minister Abhimanyu said that the then state government had entered into a MoU with Reliance Industries in the year 2005 to set up the Special Economic Zone in the Gurgaon-Jhajjar region.
"A MoU was signed between HSIIDC and Reliance Ventures Limited on December 12, 2005. Based on the decision of the Haryana Cabinet, HSIIDC signed a Joint Venture Agreement (JVA) with Reliance Ventures Limited on June 19, 2006 for setting up a multi product SEZ over an area of 25,000 acres in Gurgaon-Jhajjar.
"However, it was later decided to shelve the SEZ project and JVA was terminated on August 29, 2014," Abhimanyu said, while adding that the previous Congress government had promised "lakhs of jobs" and huge investment in the state from the project.
To questions raised by some independent and INLD MLAs, Abhimanyu informed the House that "no tender/competitive bidding process was followed in firming up the project, but a MoU was signed between the two parties...."
The Minister further stated that many decisions regarding the Reliance SEZ project were taken by the Council of Ministers of the previous Congress government and some even outside the knowledge of the State Cabinet.
He also said that Reliance Industries had returned nearly 1,384 acres of land in Gurgaon that was acquired for its SEZ.
RHSL had last year returned 1,383.68 acres of land in Gurgaon acquired from HSIIDC for setting up SEZs.
Responding to a question raised by an INLD MLA, the Minister said that a penalty of approximately Rs 50 crore could have been slapped by the previous Congress government on the company, but it chose not to do so.
RHSL, was a joint venture between Reliance Ventures Ltd (RVL), RIL's wholly-owned subsidiary, and Government of Haryana through HSIIDC.
The JV was established for development of SEZs/Model Economic Township (MET) project and other infrastructure facilities in Haryana.
The INLD MLAs raised din in the House wanting to know the fate of the directly-purchased land by the company from the farmers.
Responding to this, the Minister said that some issues were still pending in the lower and higher courts and it would not be appropriate to make any comment on these.
"Wherever irregularities are detected, we will probe thoroughly," he assured the Assembly.
*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: Mar 24 2015 | 8:13 PM IST

Next Story