Home India Ministry of Commerce and Industry The Special Economic Zones Act 2005 the Special Economic Zon...
Date: 2018-06-27 Category: Extra Ordinary State: Union Government Country: India

The Special Economic Zones Act 2005 the Special Economic Zones Rules 2006, had notified and de notified the following areas at above Special Economic Zone as per the details given.

Issued by Ministry of Commerce and Industry · Department of Commerce

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Executive Summary & Key Takeaways

Executive Summary: This notification concerns the establishment and modification of a sector-specific Special Economic Zone (SEZ) for Information Technology and Information Technology-enabled services in Andhra Pradesh. It details the inclusion of an additional area to the SEZ, increasing its total area. The notification references the Special Economic Zones Act, 2005, and related rules. Key Points / Main Content: * **SEZ Establishment Proposal:** Andhra Pradesh Industrial Infrastructure Corporation (APIIC) proposed to set up a Special Economic Zone (SEZ). * **Legal Framework:** The proposal falls under Section 3 of the Special Economic Zones Act, 2005. * **Initial Notifications:** * S.O. 2160 E, dated 28.12.2006, notified an area of 36 hectares. * S.O. 3507 E, dated 16.12.2015, involved notified and denotified areas, resulting in a net area change. * **Area Addition:** APIIC proposed to include an additional 1.62 hectares as part of the SEZ. * **New Total Area:** The Central Government notified the inclusion of the 1.62 hectares, bringing the total area of the SEZ to 31.25 hectares. * **Additional Area Details:** The additional area consists of Survey No. 410 in Madhurawada village. Impact Analysis: * Andhra Pradesh Industrial Infrastructure Corporation (APIIC): * Impact: APIIC's proposal to expand the SEZ has been approved, allowing for the inclusion of additional land in the designated zone. * Action Required: APIIC needs to update its records and development plans to reflect the expanded area of the SEZ and ensure compliance with the SEZ Act, 2005. * Central Government: * Impact: The Central Government is responsible for overseeing and regulating SEZs according to the Special Economic Zones Act, 2005. * Action Required: Update official records to reflect the new total area of the SEZ (31.25 hectares) and ensure ongoing compliance with SEZ regulations. * Businesses Operating within the SEZ: * Impact: Businesses within the SEZ will benefit from the expanded area, potentially leading to increased opportunities for growth and development. * Action Required: Review operational and strategic plans to leverage the expanded area for business growth. * Madhurawada Village: * Impact: The inclusion of Survey No. 410 (1.62 hectares) in the SEZ may affect land use and economic activities in Madhurawada village. * Action Required: Villagers should be aware of the changes in land designation and any potential impacts on local development and livelihoods.

Key Entities Referenced

Special Economic Zones Act, 2005: An act of the Indian Parliament to provide for the establishment, development and management of the special economic zones for the promotion of exports and for matters connected therewith or incidental thereto. Special Economic Zones Rules 2006: Rules framed by the Central Government in exercise of the powers conferred by section 4 of the Special Economic Zones Act, 2005 Andhra Pradesh Industrial Infrastructure Corporation (APIIC): An organization that proposed to set up a sector-specific Special Economic Zone Visakhapatnam, Andhra Pradesh: District in the State of Andhra Pradesh, where the Special Economic Zone is located. Madhurawada, Andhra Pradesh: Village in Visakhapatnam district, Andhra Pradesh, where the Special Economic Zone is located. Information Technology and Information Technology enabled services: Sector for which the Special Economic Zone is being established Ministry of Commerce and Industry: The ministry issuing the notification regarding the Special Economic Zone New Delhi: Location of the Ministry of Commerce and Industry which issued the notification
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