Banerjee had referred to alleged mismanagement in the GSPCL's KG basin gas project in 2005 when Narendra Modi was the CM of Gujarat.
Kolkata: The Gujarat government on Friday brushed aside Bengal chief minister Mamata Banerjee’s allegation that the loans extended to Gujarat State Petroleum Corporation (GSPC) by banks had turned out to be non-performing assets (NPAs). A top official of the Gujarat government claimed that the GSPC has “started production” and has been “repaying its debt”. A high level delegation from Gujarat led by its minister of revenue Bhupendrasinh Chudasama and minister of state for industries Rohit Patel was in the city for a roadshow to woo industrialists for the Vibrant Gujarat Global Summit event in January 2017.
Chief minister Mamata Banerjee while slamming Prime Minister Narendra Modi on demonetisation on Thursday had cited a CAG report and claimed that GSPC had taken loans from several banks to the extent Rs 19,576 crore but the project did not take off. On being questioned about Ms Banerjee’s allegation, the official said,who had earlier worked in the company said, “As of my knowledge, the company has started production and has been repaying its debt to the consortium of banks which funded the project for the last three years. The pipeline has been laid. The company had been paying Rs 1,800 crore every year for the last three years. Work on seven of the 25 wells had been completed.” He added that the CAG report had questioned delays in the project. and did not say anything about non performing asset.
Ms Banerjee had referred to alleged mismanagement in the GSPCL’s KG basin gas project in 2005 when Narendra Modi was the chief minister of Gujarat.
