Date: 2022-12-12Category: Extra OrdinaryState: Union GovernmentCountry: India
Publication of notification of Khed Economic Infrastructure Pvt. Ltd. for partial denotification of 642.95 out of 742.95 Ha notified area of their Multi Product SEZ at Village Kendur in Taluka Shirur and Villages Nimgaon, Dawdi, Kanhersar in Taluka Khed, District Pune, Maharashtra
## Report on Notification Regarding Denotification of Area in a Multi-Product Special Economic Zone in Maharashtra
**1. Executive Summary:**
This report analyzes a notification issued by the Ministry of Commerce and Industry, Department of Commerce, SEZ Division, concerning the denotification of 642.95 hectares of land within a Multi Product Special Economic Zone (SEZ) in Maharashtra. The denotification, initiated by Ms. Khed Economic Infrastructure Private Limited, aligns with the State Government's industrial policy. After denotification, the resultant area of the SEZ is 100 hectares. This report provides an overview of the rationale, key changes, affected stakeholders, and expected outcomes associated with this denotification.
**2. Introduction:**
This report aims to provide a comprehensive overview, based solely on the provided notification text, of the denotification of a specified area within a Multi Product Special Economic Zone in Maharashtra. It identifies the key provisions, stakeholders, and anticipated impacts of this change.
**3. Policy Overview:**
* This notification constitutes an **amendment** to existing policies related to the establishment and operation of Special Economic Zones, specifically referencing the Special Economic Zones Act, 2005 and Special Economic Zones Rules, 2006, as well as previous notifications S.O. 1463E dated 16th June, 2010 and S.O. 1266E dated 13th April, 2017.
* **Core Objective:** The objective inferred from the text is to facilitate the denotification of a portion of the SEZ land, aligning with the State Government's industrial policy to allow for its development as an Integrated Industrial Area (IIA).
**4. Background and Rationale:**
The rationale for this specific amendment is driven by Ms. Khed Economic Infrastructure Private Limited's proposal to denotify 642.95 hectares of land. This proposal stems from the Maharashtra State Government's Industrial Policy 2013, which allows for the development of denotified SEZs as Integrated Industrial Areas (IIAs). The provided text suggests a shift in land use strategy, potentially driven by changing economic conditions or development priorities within the State. IIA Development Control Rules require at least 80% of the land parcels to be used for industrial purposes, while the remaining 20% can be used for non-industrial support services.
**5. Key Provisions / Changes:**
The key change introduced by this amendment is the denotification of **642.95 hectares** of land from the existing Multi Product Special Economic Zone.
* **Specific Part of Original Policy Changed:** This amendment directly alters the area designated as part of the Special Economic Zone, as originally defined in previous notifications.
* **New Rule/Provision:** The new provision establishes that the specified land parcels, identified by Gat numbers in the provided table, are no longer part of the SEZ and are subject to the State's industrial policy framework for Integrated Industrial Areas.
* **Difference/Effect of the Change:** The denotification reduces the overall area of the SEZ from a previously established size (implied but not explicitly stated in this document) to **100 hectares**. This allows the denotified area to be developed as an IIA, subject to its specific development control rules, potentially offering different incentives and regulatory requirements compared to its previous SEZ status. The new provision facilitates a shift in land use, with a focus on industrial development and non-industrial support services.
**6. Target Audience and Stakeholders:**
The primary target audience and stakeholders directly affected by this amendment include:
* **Ms. Khed Economic Infrastructure Private Limited:** As the developer, they are directly responsible for the proposed denotification and subsequent development of the area as an IIA.
* **Businesses and Industries:** Located or intending to locate within the affected area, as the regulatory environment and incentives will change.
* **The State Government of Maharashtra:** As the policy shift aligns with their Industrial Policy 2013.
* **The Development Commissioner, SEEPZ Special Economic Zone:** who recommended the proposal for denotification.
**7. Implementation Aspects (Inferred):**
* **Responsible Agency/Bodies:**
* Ministry of Commerce and Industry (Department of Commerce, SEZ Division) is responsible for issuing the notification and overseeing the denotification process.
* Ms. Khed Economic Infrastructure Private Limited is responsible for executing the denotification and developing the area as an IIA.
* The State Government of Maharashtra oversees the implementation of its Industrial Policy 2013.
* **Timelines/Procedures:** The notification itself represents a key procedural step in the denotification process. However, specific timelines for the subsequent development of the IIA are not detailed in this text.
* The implementation of the denotification requires the relevant authorities to update their records to reflect the change in the SEZ's boundaries.
**8. Expected Outcomes / Impact of Changes:**
The likely intended outcomes of this denotification are:
* **Shift to IIA Development:** The primary expected outcome is the development of the denotified land as an Integrated Industrial Area, in line with the Maharashtra State Government's policy.
* **Attraction of Investment:** Potentially attract new investments into the IIA, driven by the specific incentives and regulatory framework offered under the State's industrial policy.
* **Economic Growth:** Contributing to broader economic growth in the region through industrial development and job creation.
**9. Conclusion:**
The notification regarding the denotification of 642.95 hectares within the Multi Product Special Economic Zone in Maharashtra represents a significant shift in land use strategy, aligning with the State Government's Industrial Policy 2013. This amendment allows for the development of the area as an Integrated Industrial Area, potentially attracting new investments and contributing to regional economic growth. The key takeaway is the reduced size of the SEZ and the transition of the denotified land to a different regulatory and developmental framework.
Key Entities Referenced
Special Economic Zones Act, 2005: An act of the Indian Parliament concerning special economic zones.
Special Economic Zones Rules 2006: Rules pertaining to the Special Economic Zones Act, 2005.
Ms. Khed Economic Infrastructure Private Limited: A private organization that proposed to set up a Multi Product Special Economic Zone.
State of Maharashtra: An Indian state where the Multi Product Special Economic Zone is to be set up.
Kendur, Taluka Shirur: Village and Taluka (a type of administrative division) in Maharashtra, location of part of the proposed Special Economic Zone.
Nimgaon, Taluka Khed: Village and Taluka in Maharashtra, location of part of the proposed Special Economic Zone.
Dawdi, Taluka Khed: Village and Taluka in Maharashtra, location of part of the proposed Special Economic Zone.
Kanhersar, Taluka Khed: Village and Taluka in Maharashtra, location of part of the proposed Special Economic Zone.
Pune, Maharashtra: District in the State of Maharashtra where the villages and talukas are located.
SEEPZ Special Economic Zone: A Special Economic Zone whose Development Commissioner recommended the proposal for denotification of an area of 642.95 hectares of the Special Economic Zone.
State Governments Industrial policy 2013: Industrial policy of the State Government of Maharashtra that allows denotified SEZs to be developed as Integrated Industrial Areas (IIA).
Integrated Industrial Area IIA: Type of area that denotified SEZs in Maharashtra are permitted to be developed as per the State Government's Industrial Policy 2013.
New Delhi: Location of the notification.
Ministry of Commerce and Industry: Indian government ministry.
SEZ DIVISION: Division of the Department of Commerce.
VIPUL BANSAL: Jt. Secy.