Home India Ministry of Commerce and Industry Whereas M s Maharashtra Industrial Development Corporation M...
Date: 2018-02-13 Category: Extra Ordinary State: Union Government Country: India

Whereas M s Maharashtra Industrial Development Corporation MIDC had proposed under section 3 of the Special Economic Zones Act

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, rescinds a previous notification regarding a Sector Specific Special Economic Zone for Agro Processing at MIDC, District Latur in Maharashtra. The rescission follows a proposal from Ms. Maharashtra Industrial Development Corporation (MIDC) to denotify the entire area of 139 hectares. The State Government of Maharashtra has given its No objection to the proposal on May 18, 2017. The rescission is effective except for actions already taken or omitted. Key Points / Main Content: * **Background:** * Ms. Maharashtra Industrial Development Corporation (MIDC) proposed to set up a Sector Specific Special Economic Zone for Agro Processing at MIDC, District Latur. * Previous notifications had notified and de-notified specific areas within the zone. * Notification S.O. 39 E on 15.01.2007 notified 200 Hectares * Notification S.O. 253 E on 03.02.2010 notified 61 Hectares and de-notified 139 Hectares. * **Denotification Proposal:** * MIDC proposed to denotify the remaining 139 hectares of the Special Economic Zone. * The State Government of Maharashtra provided a No Objection Certificate on May 18, 2017. * The Development Commissioner, SEEPZ Special Economic Zone, recommended the denotification. * **Central Government Action:** * The Central Government rescinds the previous notification under powers conferred by the Special Economic Zones Rules 2006. * The rescission does not apply to actions already taken or omitted before the rescission. Impact Analysis: MIDC (Maharashtra Industrial Development Corporation) * Impact: The proposal to denotify the remaining land has been accepted by the central government. * Action Required: Acknowledge the acceptance of the denotification proposal. State Government of Maharashtra * Impact: The No Objection Certificate provided by the State Government led to the denotification. * Action Required: No further action required. Development Commissioner, SEEPZ Special Economic Zone * Impact: The denotification proposal was based on the Development Commissioner's recommendation. * Action Required: Acknowledge the denotification of the specified land. Central Government * Impact: The denotification has been issued by the central government. * Action Required: Ensure the rescission is appropriately recorded and implemented, except for actions already taken or omitted.

Key Entities Referenced

Special Economic Zones Act, 2005: An Indian law under which Ms. Maharashtra Industrial Development Corporation MIDC proposed to set up a Sector Specific Special Economic Zone. Maharashtra Industrial Development Corporation MIDC: A corporation that proposed to set up a Special Economic Zone for Agro Processing and later proposed to denotify the entire area of 139 hectares. Latur, Maharashtra: A district in the State of Maharashtra, India, where the MIDC Special Economic Zone for Agro Processing was proposed. Special Economic Zones Rules 2006: The rules under which the Central Government exercised its powers to notify and denotify areas of the Special Economic Zone. Ministry of Commerce and Industry: The Indian government ministry that issued the notification regarding the denotification of the Special Economic Zone. Sector Specific Special Economic Zone for Agro Processing: The type of Special Economic Zone that Ms. Maharashtra Industrial Development Corporation MIDC proposed to set up in Latur district. Development Commissioner, SEEPZ Special Economic Zone: The authority that recommended the proposal for denotification of the entire area of 139 hectares of the Special Economic Zone. Central Government: The entity that rescinded the notification regarding the Special Economic Zone.
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