Publication of Notification of Nalanda Shelter Pvt. Ltd. for partial denotification of 0.0655 Ha out of 5.1255 Ha of their IT ITES SEZ at Hinjewadi, Taluka Mulashi, District Pune, Maharashtra

## Report on Amendment to Special Economic Zone (SEZ) Policy Regarding Ms. Nalanda Shelter Pvt. Ltd. **1. Executive Summary:** This report analyzes a notification issued by the Ministry of Commerce and Industry, Department of Commerce, SEZ Division, published on November 15, 2022. This notification constitutes an amendment to the existing policy regarding a sector-specific Special Economic Zone (SEZ) for Information Technology and Information Technology Enabled Services (ITITES) established by Ms. Nalanda Shelter Pvt. Ltd. in Pune, Maharashtra. The core purpose of this amendment is the denotification of 0.0655 hectares of land from the previously notified SEZ area, resulting in a revised total area of 5.0600 hectares. The key finding is that this denotification is driven by a proposal from Ms. Nalanda Shelter Pvt. Ltd. and approved by the State Government of Maharashtra, with the intention of utilizing the denotified land for ITITES business activities and infrastructure development supporting the original SEZ objectives. **2. Introduction:** The purpose of this report is to provide an informative overview and analysis of a specific notification published by the Ministry of Commerce and Industry regarding an amendment to a Special Economic Zone (SEZ) policy. This analysis is based solely on the information provided within the notification text. **3. Policy Overview:** * **Original Policy Being Amended:** The notification references the Special Economic Zones Act, 2005 (28 of 2005) and the Special Economic Zones Rules, 2006. It also refers to previous notifications S.O. 1216E dated 14th March, 2018 and S.O. 4451E dated 09th December, 2019 which initially notified land for the SEZ. * **Core Objective(s) as Inferred from the Text:** The original policy aims to promote economic growth through the establishment and operation of Special Economic Zones, specifically in this case, fostering the IT and ITES sectors in the Hinjewadi area of Pune, Maharashtra. **4. Background and Rationale:** The amendment addresses a request from Ms. Nalanda Shelter Pvt. Ltd. to denotify a portion of the land (0.0655 hectares) previously designated as part of the SEZ. The rationale for this amendment, as inferred from the text, is that Ms. Nalanda Shelter Pvt. Ltd. intends to utilize the denotified land for ITITES business activities and the creation of infrastructure that would further support the objectives of the SEZ, even though it is no longer formally part of the SEZ. This suggests a strategic realignment of land use within the broader development plan. **5. Key Provisions / Changes:** * **Specific Part of the Original Policy Being Changed:** The notification directly amends the previous notifications (S.O. 1216E and S.O. 4451E) by reducing the total area designated as part of the SEZ. It invokes the second proviso to subsection 1 of section 4 of the Special Economic Zones Act, 2005. * **New Rule/Provision:** The core new provision is the denotification of 0.0655 hectares of land identified as Survey No. 1301 in Hinjewadi. This reduces the total area of the SEZ to 5.0600 hectares. * **Effect of the Change:** The immediate effect is a reduction in the officially designated SEZ area. However, the stated intent is to continue using the land for activities that support the SEZ's objectives, potentially through infrastructure development. **6. Target Audience and Stakeholders:** The direct target audience is Ms. Nalanda Shelter Pvt. Ltd., as the developer of the SEZ. Other key stakeholders include: * The State Government of Maharashtra. * The Development Commissioner, SEEPZ-SEZ. * Businesses operating within or relying on the SEZ. * The Ministry of Commerce and Industry, particularly the Department of Commerce. * The local community in Hinjewadi, Pune. **7. Implementation Aspects (Inferred):** * **Responsible Agency/Bodies:** The Ministry of Commerce and Industry, specifically the Department of Commerce, is the primary responsible body, as evidenced by the notification's issuance. The Development Commissioner, SEEPZ-SEZ, plays a recommending role. * **Timelines or Procedures:** The notification is effective immediately upon publication. Further implementation details regarding the land's utilization are not specified in the text but likely fall under the purview of Ms. Nalanda Shelter Pvt. Ltd. and relevant state government regulations. * **Amendment-Specific Implementation:** The key implementation aspect is the formal recording of the land denotification and updating official records to reflect the revised SEZ area of 5.0600 hectares. **8. Expected Outcomes / Impact of Changes:** The intended outcome of this specific amendment is to allow Ms. Nalanda Shelter Pvt. Ltd. to have greater flexibility in utilizing the specified land parcel. The expected impact is that the denotified land will contribute to the overall success of the SEZ by being used for ITITES business activities and infrastructure development. If the intent is properly executed, the amendment will streamline operational procedures, promote ITITES sector businesses, and improve infrastructure. **9. Conclusion:** The notification represents an amendment to the existing SEZ policy concerning Ms. Nalanda Shelter Pvt. Ltd.'s ITITES SEZ in Pune. This adjustment involves the denotification of a specific land parcel (0.0655 hectares) with the aim of facilitating ITITES business activities and infrastructure development that supports the overall objectives of the SEZ. While reducing the officially designated SEZ area, the amendment is intended to enhance the SEZ's functionality and contribution to the regional economy.

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