Home India Ministry of Commerce and Industry Publication of notification of L and T Realty Developers Lim...
Date: 2022-10-03 Category: Extra Ordinary State: Union Government Country: India

Publication of notification of L and T Realty Developers Limited for setting up of their IT ITES SEZ at L and T Campus, Bellary Road, Byatarayanapura Village, Next to GKVK, Bangalore District, Karnataka over an area of 2.36 Ha

Issued by Ministry of Commerce and Industry · Department of Commerce

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Executive Summary & Key Takeaways

## Report on Special Economic Zone Notification **1. Executive Summary:** This report analyzes a notification (S.O. 4669E) issued by the Ministry of Commerce and Industry, Department of Commerce, SEZ Division, on October 3, 2022. The notification pertains to the establishment of a Special Economic Zone (SEZ) for Information Technology and Information Technology Enabled Services (IT/ITES) in Bengaluru, Karnataka, by Ms. L T Realty Developers Limited. It formally notifies the area of the SEZ, constitutes an Approval Committee, and designates the SEZ as an Inland Container Depot. **2. Introduction:** This report aims to provide a detailed overview of the Special Economic Zone notification issued on October 3, 2022, based solely on the provided policy text. The analysis will cover the policy's objectives, key provisions, affected stakeholders, implementation aspects, and expected outcomes. **3. Policy Overview:** This is a new policy notification related to the establishment of a new SEZ. * **Core Objectives:** The core objectives, inferred from the text, are to: * Establish and formally recognize a Special Economic Zone for IT/ITES in Bengaluru. * Provide a framework for the development, operation, and maintenance of the SEZ. * Establish an Approval Committee to oversee the SEZ's functioning as specified in Section 14 of the SEZ Act, 2005. * Designate the SEZ as an Inland Container Depot under the Customs Act, 1962. **4. Background and Rationale:** The policy addresses the issue of facilitating the development and promotion of IT/ITES industries by establishing a designated Special Economic Zone. The notification indicates that Ms. L T Realty Developers Limited proposed the SEZ, suggesting an initiative to encourage private investment in this sector. The Central Government, after assessing fulfillment of requirements under Section 3 of The Special Economic Zones Act, 2005, has deemed it appropriate to formally establish the zone. **5. Key Provisions:** This notification enacts the following: * **Area Notification:** Notifies a 2.3612 hectares area comprising specific survey numbers in Byatarayanapura Village, Bengaluru, as the designated SEZ. A table lists the individual survey numbers and corresponding area in hectares. * **Approval Committee Constitution:** Constitutes an Approval Committee to oversee the SEZ's functions. The committee comprises: * Development Commissioner of the Special Economic Zone (Chairperson, ex officio). * Director or Deputy Secretary to the Government of India, Ministry of Commerce and Industry, Department of Commerce (Member, ex officio). * Zonal Joint Director General of Foreign Trade (Member, ex officio). * Commissioner of Customs or Central Excise (Member, ex officio). * Commissioner of Income Tax (Member, ex officio). * Director Banking in the Ministry of Finance, Banking Division (Member, ex officio). * Two officers nominated by the State Government (Member, ex officio). * Representative of the Developer of the zone (Special invitee). * **Inland Container Depot Designation:** Appoints October 3, 2022, as the date from which the SEZ is deemed to be an Inland Container Depot under the Customs Act, 1962. **6. Target Audience and Stakeholders:** The direct target audience and stakeholders include: * **Ms. L T Realty Developers Limited:** The developer responsible for setting up, operating, and maintaining the SEZ. * **Businesses operating within the SEZ:** Companies involved in IT/ITES activities will benefit from the SEZ's infrastructure and incentives. * **Central and State Government Agencies:** The Ministry of Commerce and Industry, Department of Commerce, Customs and Central Excise departments, Income Tax department, and the State Government of Karnataka are all involved in the SEZ's oversight and administration. * **Approval Committee Members:** Individuals appointed to the Approval Committee. **7. Implementation Aspects (Inferred):** * **Responsible Agency:** The Ministry of Commerce and Industry, Department of Commerce, SEZ Division, is responsible for implementing the notification. * **Approval Committee:** The Approval Committee is responsible for overseeing the SEZ's operations and ensuring compliance with the Special Economic Zones Act, 2005, as specified in Section 14. * **Customs and Excise:** The Customs and Central Excise authorities will oversee the SEZ's operations as an Inland Container Depot. * **Timelines:** The notification appoints October 3, 2022, as the date from which the SEZ is deemed to be an Inland Container Depot. **8. Expected Outcomes / Impact:** The likely intended outcomes, based on the policy's stated provisions, are: * **Increased Investment in IT/ITES:** The SEZ aims to attract investment in the IT/ITES sector by providing a favorable business environment. * **Economic Growth:** The SEZ is expected to contribute to economic growth in the Bengaluru region by creating jobs and generating revenue. * **Streamlined Operations:** Designating the SEZ as an Inland Container Depot should streamline customs and excise procedures for businesses operating within the zone. * **Effective Oversight:** The Approval Committee ensures effective monitoring and regulation of the SEZ's activities. **9. Conclusion:** The Special Economic Zone notification for the IT/ITES SEZ in Bengaluru marks a significant step towards promoting the IT/ITES sector and attracting investment in the region. The formal notification of the area, constitution of the Approval Committee, and designation as an Inland Container Depot establish the necessary framework for the SEZ to operate effectively. This initiative is likely to contribute to economic growth, job creation, and streamlined operations for businesses within the zone.

Key Entities Referenced

Special Economic Zones Act, 2005: An act of the government concerning special economic zones. Ministry of Commerce and Industry: A ministry of the Government of India. Department of Commerce: A department under the Ministry of Commerce and Industry. Ms. L T Realty Developers Limited: The developer that proposed to set up a Special Economic Zone. Information Technology and Information Technology Enabled Services ITITES: The type of services for which the Special Economic Zone is being set up. L T Campus, Bellary Road, Byatarayanapura Village, Next to GKVK, Bengaluru District, Karnataka: The location of the proposed Special Economic Zone in the State of Karnataka. Central Government: The government entity responsible for approving the Special Economic Zone. Special Economic Zones Rules, 2006: The rules pertaining to Special Economic Zones. Approval Committee: A committee constituted for the Special Economic Zone as per the Special Economic Zones Act. Development Commissioner of the Special Economic Zone: Chairperson of the Approval Committee ex officio. Director or Deputy Secretary to the Government of India, Ministry of Commerce and Industry, Department of Commerce: Member of the Approval Committee ex officio. Zonal Joint Director General of Foreign Trade: Member of the Approval Committee ex officio. Commissioner of Customs or Central Excise: Member of the Approval Committee ex officio. Commissioner of Income Tax: Member of the Approval Committee ex officio. Director Banking in the Ministry of Finance, Banking Division: Member of the Approval Committee ex officio. State Government: The government of the State where the Special Economic Zone is located. Customs Act, 1962: An act of the government concerning customs. Inland Container Depot: The Special Economic Zone shall be deemed to be Inland Container Depot Mayapuri, New Delhi: Location of the Government of India Press. Delhi: Location of the Controller of Publications.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-04102022-239326 xxxGIDHxxx CG-DL-E-04102022-239326 xxxGIDExxx असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (ii) PART II—Section 3—Sub-section (ii) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 4461] नई दिल्ली, सोमवार, अक्त बू र 3, 2022/आज‍व न 11, 1944 No. 4461] NEW DELHI, MONDAY, OCTOBER 3, 2022/ASVINA 11, 1944 वाजणज्य एव ंउद्योग मत्रं ालय (वाजणज्य जवभाग) (एसईिडे अनुभाग) अजधसचू ना नई दिल् ली, 3 अक् तूबर, 2022 का.आ. 4669(अ).—यत:, म.ै एल एंड टी ररयलटी डेवलपसस जलजमटेड, न े कनासटक राज्य म ें बेंगलुरु जिल े के ब्यातरयानपुरा गााँव, िीकेवीके के बगल म ें बेल्लारी रोड़, एल एंड टी कैंपस म ें सूचना प्रौद्योजगकी एंव सूचना प्रौद्योजगकी समर्थसत सेवाओं (आईटी/आईटीईएस) क्षत्रे हते ु एक जविेष आर्थसक िोन की स्ट्थापना हते ु जविेष आर्थसक िोन अजधजनयम, 2005 (2005 का 28), (जिसे एतद्पश्चात ् उक्त अजधजनयम कहा गया ह)ै की धारा 3 के अतं गतस प्रस्ट्ताव दकया था; और यतः, केन्द्र सरकार इस बात स े संतष्टु ह ैदक उक्त अजधजनयम की धारा 3 की उप-धारा (8) के अतंगतस अपेक्षाओं तथा अन्द्य सबंजधत अपेक्षाओं को पूरा कर जलया गया ह ै और उनको उपयुसक्त जविेष आर्थसक िोन के जवकास, प्रचालन एव ं रखरखाव हते ू उक्त अजधजनयम की धारा 3 की उपधारा (10) के अतंगतस दिनांक 24 अगस्ट्त, 2022 को अनुमोिन पत्र प्रिान कर दिया ह;ै अतः अब, जविेष आर्थसक िोन अजधजनयम, 2005 की धारा 4 की उप-धारा (1) द्वारा प्रित्त िजक्तयों का प्रयोग करते हुए और जविेष आर्थसक िोन जनयम, 2006 के जनयम 8 के अनुसरण म ें केन्द्र सरकार, एतद्द्वारा उक्त स्ट्थान के 2.3612 हक्े टेयर के नीच े िी गई ताजलका म ें दिए गए सवेक्षण संख्याओं के क्षेत्रों को अजधसूजचत करती ह,ै अथासत्ः- 6668 GI/2022 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] ताजलका क्र. स.ं गााँव का नाम सवेक्षण सं. क्षेत्रफल (हक्े टेयर म)ें 1. ब्यातरयानपुरा गााँव 94/1 (भाग) 0.1147 2. 94/2 (भाग) 0.2607 3. 94/3 (भाग) 0.0019 4. 95/1 (भाग) 0.1914 5. 95/2 (भाग) 0.3740 6. 96/1 (भाग) 0.2648 7. 104/1 (भाग) 0.1096 8. 104/2 0.4343 9. 104/3 0.2627 10. 104/4 0.3471 कुल 2.3612 और अतः, जविेष आर्थसक िोन अजधजनयम, 2005 (2005 का 28) की धारा 13 की उप-धारा (1) द्वारा प्रित्त िजक्तयों का प्रयोग करते हुए, केन्द्र सरकार, एतद्द्वारा उक्त अजधजनयम की धारा 14 के प्रयोिनाथस उपयुसक्त जविेष आर्थसक िोन के जलए एक सजमजत, जिसे अनुमोिन सजमजत कहा िाएगा, गरित करती ह,ै जिसके अध्यक्ष और सिस्ट्य जनम्नानुसार है, अथासत्- 1. जविेष आर्थसक िोन का जवकास आयुक्त अध्यक्ष, पिेन 2. जनिेिक अथवा उप-सजचव, भारत सरकार, वाजणज्य एवं उद्योग मंत्रालय, वाजणज्य सिस्ट्य, पिेन जवभाग या उसका नाजमती जिसका स्ट्तर अवर सजचव, भारत सरकार स े कम नहीं होगा 3. जविेष आर्थसक िोन पर भू-भागीय क्षेत्राजधकार रखन े वाले क्षेत्रीय संयुक्त जविेि व्यापार सिस्ट्य, पिेन महाजनिेिक 4. जविेष आर्थसक िोन पर भू-भागीय क्षेत्राजधकार रखने वाले सीमा-िुल्क आयुक्त या केन्द्रीय सिस्ट्य, पिेन उत्पाि िुल्क आयुक्त अथवा उनका नाजमती जिसका स्ट्तर संयुक्त आयुक्त स े कम नहीं होगा 5. जविेष आर्थसक िोन पर भू-भागीय क्षेत्राजधकार रखन े वाल े आयकर आयुक्त अथवा उसका सिस्ट्य, पिेन नाजमती जिसका स्ट्तर संयुक्त आयुक्त से कम नहीं होगा 6. जनिेिक (बैंककंग), जवत मंत्रालय, बैंककंग प्रभाग, भारत सरकार सिस्ट्य, पिेन 7. राज्य सरकार द्वारा नाजमत दकए िाने वाल े िो अजधकारी जिनका स्ट्तर संयुक्त सजचव स ेसिस्ट्य, पिेन कम नहीं होगा 8. िोन के जवकासकतास का प्रजतजनजध जविेष, आंमजत्रती और यतः, जविेष आर्थसक िोन अजधजनयम 2005 (2005 का 28) की धारा 53 की उप-धारा (2) द्वारा प्रित्त िजक्तयों का प्रयोग करते हुए, केन्द्र सरकार एतद्द्वारा दिनांक 03 अक्टूबर, 2022 को उस तारीख के रूप में जनधासररत करती है जिस तारीख से उपयुसक्त जविेष आर्थसक िोन को सीमा-िुल्क अजधजनयम 1962 (1962 का 52) की धारा 7 के अंतगसत अंतिेिीय कंटेनर जडपो माना िाएगा। [फा. स.ं के-43016(11)/5/2022-एसईिेड] जवपुल बंसल, संयुक्त सजचव MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (SEZ DIVISION) NOTIFICATION New Delhi, the 3rd October, 2022 S.O. 4669(E).—Whereas, M/s. L & T Realty Developers Limited, has proposed under section 3 of the Special Economic Zones Act, 2005 (28 of 2005), (hereinafter referred to as the said Act) to set up a Special Economic Zone for Information Technology and Information Technology Enabled Services (IT/ITES) at L & T Campus, Bellary Road, Byatarayanapura Village, Next to GKVK, Bengaluru District in the State of Karnataka;[भाग II—खण् ड 3(ii)] भारत का रािपत्र : असाधारण 3 AND, WHEREAS, the Central Government is satisfied that requirements under sub-section (8) of section 3 of the said Act, and other related requirements are fulfilled and it has granted letter of approval under sub-section (10) of section 3 of the said Act for development, operation and maintenance of the above Special Economic Zone on 24th August, 2022; NOW, THEREFORE, the Central Government, in exercise of the powers conferred by sub-section (1) of section 4 of the Special Economic Zones Act, 2005 and in pursuance of rule 8 of the Special Economic Zones Rules, 2006, hereby notifies the 2.3612 hectares area comprising the Survey numbers and the area given below in the table, namely: - Table Sl. No. Name of Village Survey No. Area (in Hectares) 1. Byatarayanapura Village 94/1 (Part) 0.1147 2. 94/2 (Part) 0.2607 3. 94/3 (Part) 0.0019 4. 95/1 (Part) 0.1914 5. 95/2 (Part) 0.3740 6. 96/1 (Part) 0.2648 7. 104/1 (Part) 0.1096 8. 104/2 0.4343 9. 104/3 0.2627 10. 104/4 0.3471 Total 2.3612 AND, THEREFORE, the Central Government, in exercise of the powers conferred by sub-section (1) of section 13 of the Special Economic Zones Act, 2005 (28 of 2005), hereby constitutes a Committee to be called the Approval Committee for the above Special Economic Zone for the purposes of section 14 of the said Act consisting of the following Chairperson and Members, namely:- 1. Development Commissioner of the Special Economic Zone Chairperson ex officio; 2. Director or Deputy Secretary to the Government of India, Ministry of Member ex officio; Commerce and Industry, Department of Commerce or his nominee not below the rank of Under Secretary to the Government of India 3. Zonal Joint Director General of Foreign Trade having territorial jurisdiction Member ex officio; over the Special Economic Zone 4. Commissioner of Customs or Central Excise having territorial jurisdiction Member ex officio; over the Special Economic Zone or his nominee not below the rank of Joint Commissioner 5. Commissioner of Income Tax having territorial jurisdiction over the Special Member ex officio; Economic Zone or his nominee not below the rank of Joint Commissioner 6. Director (Banking) in the Ministry of Finance, Banking Division, Member ex officio; Government of India 7. Two officers, not below the rank of Joint Secretary, to be nominated by the Member ex officio; State Government 8. Representative of the Developer of the zone Special invitee AND, THEREFORE, the Central Government, in exercise of the powers conferred by sub-section (2) of section 53 of the Special Economic Zones Act, 2005 (28 of 2005), hereby appoints the 03rd October, 2022 as the date from which the above Special Economic Zone shall be deemed to be Inland Container Depot under section 7 of the Customs Act, 1962 (52 of 1962). [F. No. K-43016(11)/5/2022-SEZ] VIPUL BANSAL, Jt. Secy. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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