-IndiaSpend.com
About 8% of 804 industrial projects – with a planned investment of Rs 421,062 crore ($67.91 billion) – across India are in limbo because of land-acquisition problems, according to data released by the finance ministry.
The data complement a 2014 Comptroller and Auditor General report that says 38% of land acquired for special economic zones has not been used.
The leading causes for stalled plans were unfavourable market conditions (98 projects) – in other words, a slow economy – lack of promoter interest (96 projects) and lack of funds (83). These reasons accounted for 34% of stalled projects.
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