Home India Ministry of Commerce and Industry The Central Govt. hereby de-notifies an area of 3.63 hectare...
Date: 2014-08-28 Category: Extra Ordinary State: Union Government Country: India

The Central Govt. hereby de-notifies an area of 3.63 hectares, thereby making resultant area as 10.12 hectares, comprising the survey numbers and the area given below in the table.

Issued by Ministry of Commerce and Industry · Department of Commerce

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Executive Summary & Key Takeaways

Executive Summary: This notification, issued by the Ministry of Commerce and Industry, denotifies 3.63 hectares from a sector-specific Special Economic Zone (SEZ) for Information Technology in Punjab. The initial notification occurred on November 2, 2006. This change, effective August 26, 2014, reduces the total SEZ area to 10.12 hectares. Key Points / Main Content: * **Denotification of SEZ Area:** * 3. 63 hectares are denotified from the Quarkcity India Private Limited's SEZ in Mohali, Punjab. * The resultant area of the SEZ after denotification is 10.12 hectares. * The denotification follows Section 4 of the Special Economic Zones Act, 2005, and Rule 8 of the Special Economic Zones Rules, 2006. * **Background and Approvals:** * Quarkcity India Private Limited proposed the denotification. * The State Government of Punjab provided a No Objection Certificate on December 28, 2012. * The Development Commissioner, Noida Special Economic Zone, recommended the denotification proposal. * The Central Government is satisfied that all requirements under Section 3 of the Special Economic Zones Act, 2005, have been met. * **Area Details:** * The denotification affects specific survey numbers and areas as detailed in the provided table. Impact Analysis: * **Quarkcity India Private Limited:** * Impact: The company's Special Economic Zone area is reduced by 3.63 hectares, impacting its operational planning and geographical scope within the zone. * Action Required: Revise development and operational plans to reflect the reduced SEZ area. * **Central Government:** * Impact: The Central Government is responsible for overseeing and enforcing the revised boundaries and regulations of the SEZ. * Action Required: Update records and ensure compliance with the new SEZ area. * **State Government of Punjab:** * Impact: The state government is impacted through potential changes in economic activity and revenue generation due to the reduced SEZ area. * Action Required: Adjust regional development strategies and monitor economic impacts within the Mohali district.

Key Entities Referenced

Special Economic Zones Act, 2005: An act of the Indian Parliament concerning Special Economic Zones. Special Economic Zone Rules, 2006: Rules pertaining to the Special Economic Zones Act, 2005. Ministry of Commerce and Industry: The Indian government ministry responsible for international trade and industry. Quarkcity India Private Limited: A private organization in Punjab that proposed to set up a sector-specific Special Economic Zone for Information Technology. Punjab: A state in India where the Special Economic Zone is located. Mohali, Punjab: A district in the state of Punjab, India, where the Special Economic Zone is located. Noida Special Economic Zone: Special Economic Zone which Development Commissioner recommended the proposal for denotification of an area of 3.63 hectares of the Special Economic Zone Rajeev Arora: Joint Secretary in the Ministry of Commerce and Industry.
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