Assam Industrial Development Corporation
The Assam Industrial Development Corporation Limited (AIDC) was established in the year 1965 and it has been registered under the Companies Act, 1956. The main objective of Assam Industrial Development Corporation is to promote entrepreneurs to set up industries for the economic development of Assam.
The Assam Industrial Development Corporation has failed to meet its intended objectives. According to the Comptroller and Auditor General of India (CAG), the Assam Industrial Development Corporation made a loss of ₹ 7.46 crore in the year 2013-14.
The corporation acquires land for the purpose of setting up industries and promote economic activities in the state. However, vast tracts of land acquired by the corporation for industrial purpose is lying unutilized across the state. The total area of unused land under the control of the corporation is 471 acres (or more than 300 football fields). The total value of these unused land parcels is ₹ 178 crore .
This show that AIDC acquired huge tracts of land for the purpose of setting up industries in the state but ended up keeping them unused. On the other hand, the corporation also made a loss of ₹ 7.46 crore.
These unutilized parcels of land must be free from the control of AIDC so that it could be used for more productive purposes which will provide benefit to the people and will contribute to the economic development of Assam.
Refer to the table and accompanying map for the details
|#||District||Area (acre)||Value (₹ crore)|
|Total||471 acre||₹ 178.3 crore|