The mega ? 72,000 crore infrastructure project in Great Nicobar Island is being implemented by Andaman and Nicobar Islands Integrated Development Corporation (ANIIDCO). It includes the building of an airport, a big transshipment port, tourism infrastructure and also gas & solar power pant. Even if prospect of faster growth due to the project was evocative, environmental protection concerns and doubts whether ANIIDCO — a state government-owned company which is not well-known at all q – could handle such an ambitious infuse crores into it.
ANIIDCO – Investment and the Economic Development of Andaman and Niocobar Islands
- Settled in 1978, with respect to tourism and agriculture and fisheries.
- Eco-tourism projects to protect the islands' unique environment.
- The deep linking architecture: This facilitates local business and builds a sustainable system of development.
Financial Performance
- Rs 370 crore in average annual revenue and profit of Rs 35 crore in past three years
- Apprehensions regarding capabilities of ANIIDCO in undertaking huge and complex assignments.
Concerns About Capability
- Insufficient environmental policy and personnel
- Hold-up employing specialists until the end of 2022.
Problems in Environmental Oversight
- Expert Appraisal Committee (EAC) has expressed concern on ANIIDCO's capacity to look after environment responsibilities.
Conflict of Interest Concerns
- Charges of self-certified environmental assessments because of overlap in roles.
Historical Perspectives
- The then administrators had reservations about the capability of ANIIDCO to undertake mega projects.
Month: Current Affairs - September 10, 2024
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