Archive · 27 Jul 2026
CAG flags ₹12.86 cr loss in WBIDC's land deal with Flipkart
The Comptroller and Auditor General (CAG) found that the West Bengal Industrial Development Corporation Limited (WBIDCL) lost ₹12.86 crore when they sold land to Flipkart's logistics arm, Instakart Services.
The loss happened because WBIDCL didn't correctly calculate the price of the land.
They didn't account for large water areas that couldn't be used for building.
The CAG said the price should have been higher because of this.
The state government said they approved the price after discussions, but the CAG didn't agree and said the loss was because they didn't follow their own rules.
The land is part of a big industrial park where Flipkart has a large storage facility.
WBIDCL suffered a loss of ₹12.86 crore due to incorrect base price calculation for land allotted to Flipkart's logistics arm Instakart Services.
The loss occurred because WBIDCL did not account for 55.89 acres of water bodies within the Haringhata Industrial Park when calculating the land price.
The actual allocable land was 302.299 acres, not the full 358.19 acres on which WBIDCL had calculated its per-acre price.
The base price should have been ₹75.23 lakh per acre, but WBIDCL charged ₹63.49 lakh per acre, resulting in a shortfall of ₹12.86 crore.
The state government defended the base price, stating it was approved by the agency's board and the Cabinet, but the CAG did not accept this explanation.
- Who
- West Bengal Industrial Development Corporation Limited (WBIDCL) and Flipkart's logistics arm Instakart Services
- What
- Loss of ₹12.86 crore due to incorrect base price calculation for land allotment
- When
- Land allotted in January 2019, additional land in March 2020, lease deed executed in February 2021, CAG report scrutinized in December 2022
- Where
- Haringhata Industrial Park, Nadia district, West Bengal
- Why
- Base price was calculated without accounting for large water bodies within the project site, deviating from WBIDCL's own pricing policy
CAG's Stance
State Government's Stance
Base Price Calculation
CAG's Stance
The base price should have been calculated based on the actual allocable land, excluding water bodies, leading to a higher price per acre.
State Government's Stance
The base price was approved by the agency's board and the Cabinet after detailed discussion and clearance.
- Loss Amount
- ₹12.86 crore
- Location
- Haringhata Industrial Park, Nadia district, West Bengal
- Land Allocated
- 109.12 acres
- Actual Base Price
- ₹75.23 lakh per acre
- Charged Base Price
- ₹63.49 lakh per acre
- Water Body Area
- 55.89 acres
- Total Allocable Land
- 302.299 acres
- Lease Premium Shortfall
- ₹12.86 crore
