Competitive bidding not done for selecting pvt promoters

The office of the Comptroller & Accountant General (CAG) of India has slammed the Odisha government for entering into MoUs (memorandum of understanding) with industrial houses without any policy or guidelines for assessing the need for industries. The CAG which is conducting performance audit of commitments made to MoU signed companies on land, water and minerals, noted that pre-requisites for signing of MoUs with promoter companies was not prescribed.