‘Social media reports of ‘loot’ of funds misleading’
Srinagar: Government Silk factory Srinagar authorities on Tuesday termed the reports of ‘loot’ of work bank funds by a social media network as frivolous and misleading.
In a detailed statement, the officials of the silk factory authorities said that the construction of the new building for silk factory after the demolition of the old one following the directions by the world bank that a proper analysis be carried out to ascertain the heritage value of the silk factory Rajbagh.
A renowned consultant, Gurmeet Rai was hired for the survey on the basis of his report which recommended keeping the heritage aesthetics of the new building block similar to other two buildings of the Government silk factory.
The statement said that the report also recommended maintaining foot print and reuse of the material of the old building like wood and stones to maintain the overall aesthetics and heritage look of the site.
The World Bank, on the basis of the report, statement said, agreed to the construction of the building provided the recommendations of the consultant be made part of the project.
The construction work, statement said, has been closely monitored by the World Bank and third party inspection of the material and equipments has been regularly carried out to ensure highest quality standard.
The statement further said that the team of the World Bank during its inspection of the project appreciated the silk factory project for not only standard and quality but also for increasing the livelihood opportunities of the community associated with cocoon rearing.
“Satisfied with the proper implementation of the project, the team was kind enough to suggest the widening of the scope of the project by assuring financial assistance for procurement of machinery,” the statement said.
The reports alleging loot in the construction of the World Bank funded silk factory building, the statement said are completely misleading.