Pricing Error in Flipkart Land Deal Cost West Bengal Rs 12.86 Crore

A government audit report has revealed that West Bengal incurred a financial loss of Rs 12.86 crore due to a pricing error in a land deal linked to Flipkart. In August 2017, the state government decided to transfer 1,326.93 acres of land to the West Bengal Industrial Development Corporation Limited (WBIDCL) for industrial development purposes. The error reportedly stemmed from incorrect valuation of the land during the transfer process. The audit findings have raised concerns over the state's handling of land pricing in large-scale industrial transactions.
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