Nearly a year after a ministerial panel cleared an Indo-Sino company to dredge the Wular Lake, the Governor’s administration has cancelled the contract that had run into controversy over some financial issues. A source said one of the reasons that led to cancellation of the contract to a joint venture between Kolkata-based Reach Dredging Limited and China-based Hubei Hongyan Engineering Company Limited was the lack of a clear source of funding to undertake the Rs 389-crore project This issue, according to the source, had become raised many an eyebrow after…
Read MoreGovt cancels Wular dredging contract to Indo-Sino company
