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CAG trashes SEZ Policy for diverting land to realty projects

CAG trashes SEZ Policy for diverting land to realty projects

The auditor says the policy has ended up diverting huge tracts of land acquired for setting up manufacturing facilities and generating jobs to real estate projects.   The¬†Comptroller and Auditor General of India¬†(CAG) has trashed the Special Economic Zones (SEZs) Policy as it has ended up diverting huge tracts of land acquired for setting up manufacturing facilities and generating jobs to real estate projects for making a fast buck. “We noted a trend wherein jasminlive developers approached the government for…

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