Home India Ministry of Commerce and Industry The Central Govt. hereby de-notifies an area of 8.56 hectare...
Date: 2014-07-16 Category: Extra Ordinary State: Union Government Country: India

The Central Govt. hereby de-notifies an area of 8.56 hectares as part of the above Special Economic Zone, thereby making total area of the Special Economic Zone as 13.20 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 concerns the denotification of 8.56 hectares from an existing IT/ITES Special Economic Zone (SEZ) in Bangalore, Karnataka, initially approved on October 16, 2006. The denotification request was approved on December 19, 2012, and received a No Objection Certificate from the Karnataka government on November 19, 2013. Following this change, the total area of the SEZ will be 13.20 hectares. Key Points / Main Content: Denotification Approval: * Central Government approves the denotification of 8.56 hectares from the existing SEZ. Revised SEZ Area: * The denotification reduces the total area of the SEZ to 13.20 hectares. * The revised area comprises specific survey numbers, as detailed in the provided table. Compliance and Satisfactions: * The Central Government confirms that all requirements under Section 3(8) of the Special Economic Zones Act, 2005, have been met. * The denotification adheres to Rule 8 of the Special Economic Zones Rules, 2006. Company Details: * Ms. Shyamaraju and Company India Private Ltd. proposed the denotification. State Government: * The State Government of Karnataka has issued a No Objection Certificate for the denotification. Impact Analysis: Ms. Shyamaraju and Company India Private Ltd.: * Impact: The company's SEZ area is reduced by 8.56 hectares, resulting in a new total area of 13.20 hectares. * Action Required: Adjust development plans and operations to align with the revised SEZ area. Central Government: * Impact: Responsible for the denotification of land within the SEZ boundaries and ensuring compliance with the Special Economic Zones Act, 2005, and Rules, 2006. * Action Required: Maintain records of the denotification and updated SEZ boundaries. Karnataka State Government: * Impact: The state government has no objections to the proposed changes. * Action Required: Update land records to reflect the changes in the SEZ area. Development Commissioner, Cochin Special Economic Zone: * Impact: Recommended the denotification of the specified area. * Action Required: Update records and monitor compliance within the revised SEZ boundaries.

Key Entities Referenced

Special Economic Zones Act, 2005: An act of the Indian Parliament concerning Special Economic Zones. Special Economic Zone Rules, 2006: Rules framed by the Central Government in exercise of its powers under the Special Economic Zones Act, 2005. Ministry of Commerce and Industry: The Indian government ministry responsible for international trade and industry. Shyamaraju and Company India Private Ltd.: A private organization that proposed the establishment and denotification of an ITITES Special Economic Zone. Kundalahalli Village, Karnataka: A village in the state of Karnataka, India, where the ITITES Special Economic Zone was proposed to be established. Krishnarajapuram Hobli, Karnataka: A hobli (administrative division) in the state of Karnataka, India, where the ITITES Special Economic Zone was proposed to be established. Bangalore East Taluk, Karnataka: A taluk (administrative division) in the state of Karnataka, India, where the ITITES Special Economic Zone was proposed to be established. Cochin Special Economic Zone: A Special Economic Zone in Kochi, Kerala, India; the Development Commissioner of this zone recommended the proposal for denotification.
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Shyamaraju and Company (India) Private Ltd. had proposed under section 3 of the Special Economic Zones Act, 2005 (28 of 2005), (hereinafter referred to as the said Act) to set up an IT/ITES Special Economic Zone at Kundalahalli Village, Krishnhrajapuram Hobli, Bangalore East Taluk, Bangalore in the State of Karnataka; And, Whereas, the Central Government, in exercise of the powers conferred by sub-section (1) of Section 4 of the said Act read with Rule 8 of the Special Economic Zone Rules, 2006, had notified the areas of 21.76 hectares, at above Special Economic Zone vide Ministry of Commerce and Industry, Notification numbers S.O. 1771 (E) dated 16th October, 2006; And, whereas, M/s. Shyamaraju and Company (India) Private Ltd. has now proposed to de-notify an area of 8.56 hectares from the above Special Economic Zone and the Central Government has granted letter of approval for de-notification of above area on 19th December, 2012; And, whereas, the State Government of Karnataka has given its “No Objection” to the proposal vide letter No. I&C/SEZ/Shyamaraju/NOC/04/2013-14, dated 19.11.2013; And whereas, the Development Commissioner, Cochin Special Economic Zone has recommended the proposal for de-notification of an area of 8.56 hectares of the Special Economic Zone; And, whereas, the Central Government is satisfied that the requirements under sub-section (8) of section 3 of the said Act and other related requirements are fulfilled; Now, therefore, in exercise of the powers conferred by second proviso to 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, the Central Government hereby de-notifies an area of 8.56 hectares as part of the above Special Economic Zone, thereby making total area of the Special Economic Zone as 13.20 hectares, comprising the survey numbers and the area given below in the Table, namely :— TABLE FOR DE-NOTIFICATION S. No. Survey Number Present area (in De-notified area (in Resultant area (in Hectare) Hectare) Hectare) 1. 44/1 0.91 0 0.91 2. 44/2 0.27 0 0.27 3. 45/1 0.2 0.16 0.04 4. 45/2 0.58 0.42 0.16 5. 43/3 0.32 0 0.32 6. 44/3 0.05 0 0.05 7. 37 0.23 0.23 0 8. 38P 0.44 0 0.44 9. 43/2 0.19 0 0.19 10. 44/4 0.42 0 0.42 11. 136 2.55 0 2.55 12. 42/1 0.91 0 0.91 13. 42/3 0.05 0 0.05 14. 96 2.15 0 2.15 15. 94 0.67 0 0.67 16. 95 2.33 1.9 0.434 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] 17. 78 0.96 0.86 0.1 18. 137 1.36 0.88 0.48 19. 49/1 0.59 0.1 0.49 20. 49/2 0.81 0.02 0.79 21. 50/2 0.79 0.14 0.65 22. 51/1 0.38 0.38 0 23. 51/2 0.31 0.31 0 24. 51/4 0.4 0.4 0 25. 57P 2.06 1.89 0.17 26. 36/3 0.51 0.51 0 27. 97/1 0.17 0 0.17 28. 97/2 0.18 0 0.18 29. 97/3 0.15 0 0.15 30. 100/1 0.14 0 0.14 31. 100/2 0.14 0 0.14 32. 100/3 0.16 0 0.16 33. 36/2 0.35 0.35 0 Total 21.76 8.56 13.20 [F. No. F. 2/131/2006-SEZ] RAJEEV ARORA, Jt. Secy. Printed by the Manager, Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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