Home India Ministry of Commerce and Industry Whereas M s HBS Pharma SEZ Pvt Ltd formerly M s J B SEZ Priv...
Date: 2019-01-09 Category: Extra Ordinary State: Union Government Country: India

Whereas M s HBS Pharma SEZ Pvt Ltd formerly M s J B SEZ Private Limited

Issued by Ministry of Commerce and Industry · Department of Commerce

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Executive Summary & Key Takeaways

Executive Summary: This notification from the Ministry of Commerce and Industry concerns Ms. HBS Pharma SEZ Pvt. Ltd. It amends a previous notification to include an additional area of 1.4918 hectares into the existing Special Economic Zone (SEZ), bringing the total area to 126.5412 hectares. This change is effective as of January 8, 2019. Key Points / Main Content: * **Background:** * Ms. HBS Pharma SEZ Pvt. Ltd. (formerly Ms. J.B. SEZ Private Limited) proposed setting up a sector-specific SEZ in Gujarat for Automobile, Automobile Ancillary & Engineering, previously for Pharmaceutical. * Notification S.O. 107E, dated January 9, 2009, initially designated 125.0494 hectares for the SEZ. * The Central Government approved the change in sector from Pharmaceutical to Automobile, Automobile Ancillary & Engineering. * The Central Government also approved the change in name from Ms. J.B. SEZ Private Limited to Ms. HBS Pharma SEZ Pvt. Ltd. * **Amendment:** * An additional 1.4918 hectares is included as part of the SEZ. * The total area of the SEZ is now 126.5412 hectares. * The additional area includes land in Panoli, with specific survey numbers (187, 2941, 2942) and government land. Impact Analysis: * Ms. HBS Pharma SEZ Pvt. Ltd. * Impact: The company's SEZ area is expanded, allowing for potential growth of automobile, automobile ancillary and engineering activities. * Action Required: Update records to reflect the increased SEZ area and ensure compliance with SEZ regulations for the new boundaries. * Central Government: * Impact: Responsible for administering and overseeing the expanded SEZ. * Action Required: Update official records and maps to reflect the new SEZ area. * State Government of Gujarat: * Impact: Responsible for supporting the SEZ within its jurisdiction. * Action Required: Coordinate with Ms. HBS Pharma SEZ Pvt. Ltd. to ensure necessary infrastructure and support services are available for the expanded SEZ.

Key Entities Referenced

Special Economic Zones Act, 2005: An act of the Indian Parliament to provide for the establishment, development and management of 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 its powers conferred by section 4 of the Special Economic Zones Act, 2005 Ministry of Commerce and Industry: The Indian government ministry responsible for formulation of foreign trade policy and promotion of exports and imports. Ms. HBS Pharma SEZ Pvt. Ltd.: A private limited company and developer of a Special Economic Zone, formerly known as Ms. J.B. SEZ Private Limited Gujarat State: A state in India where the Special Economic Zone is located. Bharuch District, Gujarat: A district in Gujarat State, India, within which the Special Economic Zone is located. Ankleshwar Taluka, Gujarat: A taluka (sub-division of a district) in Bharuch District, Gujarat, India, within which the Special Economic Zone is located. Panoli Village, Gujarat: A village in Ankleshwar Taluka, Bharuch District, Gujarat, India, where the Special Economic Zone is located.
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