Home India Ministry of Commerce and Industry Whereas, M s. Andhra Pradesh Industrial Infrastructure Corpo...
Date: 2015-12-23 Category: Extra Ordinary State: Union Government Country: India

Whereas, M s. Andhra Pradesh Industrial Infrastructure Corporation Limited, 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 a sector specific Special Economic Zone

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 6.37 hectares from a sector-specific Special Economic Zone for IT/ITES at Visakhapatnam, Andhra Pradesh. The denotification is made under Section 4 of the Special Economic Zones Act, 2005, following a proposal from Andhra Pradesh Industrial Infrastructure Corporation Limited and a recommendation from the Development Commissioner. This order is effective as of December 16, 2015. Key Points / Main Content: * **Denotification of Land:** * 6.37 hectares are denotified from the Special Economic Zone. * The denotification pertains to land at Hill No. 3, Madhurwada Village, Distt. Visakhapatnam. * The resultant area of the Special Economic Zone after denotification is 29.63 hectares. * **Legislative Basis and Authority:** * The denotification is exercised under Section 4 of the Special Economic Zones Act, 2005. * The action is in pursuance of Rule 8 of the Special Economic Zones Rules, 2006. * The Central Government has determined that requirements under subsection 8 of section 3 of the said Act are fulfilled. * **Background and Approvals:** * The denotification was proposed by Ms. Andhra Pradesh Industrial Infrastructure Corporation Limited. * The State Government of Andhra Pradesh provided a No Objection to the denotification proposal. * The Development Commissioner, Visakhapatnam Special Economic Zone, recommended the denotification. Impact Analysis: * **Andhra Pradesh Industrial Infrastructure Corporation Limited:** * Impact: The corporation's proposal for denotification is approved, reducing the notified area of their Special Economic Zone. * Action Required: Update records to reflect the revised area of the Special Economic Zone (29.63 hectares). * **Central Government:** * Impact: The Central Government is responsible for enforcing the denotification. * Action Required: Ensure the change is recorded and applied in relevant documentation and oversight of the Special Economic Zone. * **Visakhapatnam Special Economic Zone:** * Impact: The geographical size of the zone is reduced, potentially impacting future development plans. * Action Required: Revise development and operational plans to account for the reduced land area. * **Businesses operating within the SEZ:** * Impact: The denotification may affect long-term plans of businesses operating in the area. * Action Required: Assess the impact of the denotification on their operations and adjust plans accordingly.

Key Entities Referenced

Special Economic Zones Act, 2005: A law enacted by the Indian Parliament concerning Special Economic Zones. Special Economic Zones 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 commerce. Andhra Pradesh Industrial Infrastructure Corporation Limited: An entity that proposed to set up a sector specific Special Economic Zone for ITITES. Visakhapatnam Special Economic Zone: A Special Economic Zone in Visakhapatnam, Andhra Pradesh. Madhurwada Village, Andhra Pradesh: The village in Visakhapatnam district, Andhra Pradesh where the Special Economic Zone is located. Dr. Gurprasad Mohapatra: Joint Secretary in the Ministry of Commerce and Industry. New Delhi: The location of the Ministry of Commerce and Industry, Department of Commerce.
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