Home India Ministry of Commerce and Industry Whereas, M/s. Gujarat Hira Bourse, a fully private organizat...
Date: 2015-09-07 Category: Extra Ordinary State: Union Government Country: India

Whereas, M/s. Gujarat Hira Bourse, a fully private organization of the State of Gujarat, had proposed under section 3 of the Special Economic Zones Act, 2005 (28 of 2005).

Issued by Ministry of Commerce and Industry · Department of Commerce

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Executive Summary & Key Takeaways

This notification, S.O. 2438(E), issued by the Ministry of Commerce and Industry, Department of Commerce, on August 21, 2015, rescinds Notification Number S.O. 1185(E) dated July 20, 2007, pertaining to a sector-specific Special Economic Zone (SEZ) for Gems and Jewellery at Ichhapor, Surat, Gujarat. The SEZ, originally proposed by Ms. Gujarat Hira Bourse, a private organization, covered an area of 73.87.97 hectares. The denotification proposal was supported by a No Objection letter from the State Government of Gujarat (letter no. ICInfraSEZCell1045774 dated 24th February, 2015) and a recommendation from the Development Commissioner, Falta Special Economic Zone. The rescission is made under the powers conferred by the first proviso to rule 8 of the Special Economic Zones Rules 2006 and does not affect actions taken or omitted before the rescission date. The file number for this notification is F. No. F. 2/102/2004-SEZ. Dr. Guruprasad Mohapatra, Joint Secretary, signed the notification.

Key Entities Referenced

Ministry of Commerce and Industry: The Indian government ministry responsible for international trade and industry. Special Economic Zones Act, 2005: An Indian law providing the legal framework for the establishment and operation of Special Economic Zones in India. Gujarat Hira Bourse: A private organization in the State of Gujarat that proposed to set up a sector-specific Special Economic Zone. Gujarat State: A state in western India where the Special Economic Zone was proposed. Ichhapor, Surat, Gujarat: The location within the State of Gujarat where the Special Economic Zone for Gems and Jewellery was proposed. Special Economic Zone Rules 2006: The rules enacted under the Special Economic Zones Act, 2005, providing detailed regulations for the operation of SEZs. Falta Special Economic Zone: A Special Economic Zone, whose Development Commissioner recommended the proposal for denotification. Dr. Guruprasad Mohapatra: Joint Secretary in the Ministry of Commerce and Industry, as indicated by the signature at the end of the notification.
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