Home India Ministry of Commerce and Industry Whereas, M s Quarkcity India Private Limited, a private orga...
Date: 2018-11-27 Category: Extra Ordinary State: Union Government Country: India

Whereas, M s Quarkcity India Private Limited, a private organization in the State of Punjab, 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 concerns the denotification of a portion of a Special Economic Zone (SEZ) in Punjab. Ms. Quarkcity India Private Limited proposed the denotification of 5.03 hectares from their IT sector-specific SEZ. The Central Government, satisfied with the fulfillment of requirements, has approved the denotification, resulting in a remaining SEZ area of 5.09 hectares, effective November 13, 2018. Key Points / Main Content: * **Denotification Approval:** * The Central Government approves the denotification of 5.03 hectares from the Special Economic Zone (SEZ) belonging to Ms. Quarkcity India Private Limited in Punjab. * **Context and Proposal:** * Ms. Quarkcity India Private Limited, a private organization in Punjab, proposed the denotification. * The proposal was made under Section 3 of the Special Economic Zones Act, 2005. * The State Government of Punjab approved the proposal on February 16, 2018. * The Development Commissioner, Noida Special Economic Zone recommended the denotification. * **Regulatory Basis:** * The decision is based on Section 4(1) of the Special Economic Zones Act, 2005, and Rule 8 of the Special Economic Zones Rules, 2006. * The Central Government is satisfied that requirements under Section 3(8) of the Act have been met. * **Area Details:** * 5.03 hectares are denotified from the SEZ. * The remaining area of the SEZ is 5.09 hectares. * The denotified area corresponds to Plot No. A40A, Survey No. 6871. Impact Analysis: * **Ms. Quarkcity India Private Limited:** * Impact: Reduction in the total area of their designated Special Economic Zone; altered operational parameters due to the reduced land. * Action Required: Adjust operations and future planning to reflect the decreased SEZ area; ensure compliance with regulations pertaining to the revised SEZ size. * **Central Government:** * Impact: Fulfilled its regulatory and oversight role in SEZ management. * Action Required: Update records and maps to accurately reflect the denotified SEZ area. * **State Government of Punjab:** * Impact: The SEZ area within its jurisdiction is reduced; potential impact on regional economic activity and revenue. * Action Required: Adjust economic development plans and incentives to account for the reduced SEZ area. * **Development Commissioner, Noida Special Economic Zone:** * Impact: Oversight responsibilities are adjusted due to the change in the SEZ area. * Action Required: Revise oversight and reporting procedures to reflect the denotified area.

Key Entities Referenced

Special Economic Zones Act, 2005: An act of the Indian Parliament concerning special economic zones in India. Special Economic Zones Rules, 2006: Rules established in 2006 pertaining to the Special Economic Zones Act, 2005. Ministry of Commerce and Industry: The Indian government ministry responsible for international trade and industry. Quarkcity India Private Limited: A private organization in the State of Punjab, which proposed to set up a sector-specific Special Economic Zone. Punjab: A state in India where Quarkcity India Private Limited is located and where the Special Economic Zone is proposed. Mohali, Punjab: A district in the State of Punjab where the Special Economic Zone is located. Noida Special Economic Zone: A special economic zone where the Development Commissioner recommended the proposal for denotification of area. B.B. Swain: Additional Secretary, Ministry of Commerce and Industry.
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Quarkcity India Private Limited, a private organization in the State of Punjab, 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 for Information Technology at Focal Point Industrial area, Phase VIII-Extension, District Mohali, in the State of Punjab; AND, WHEREAS, the Central Government, in exercise of the powers conferred by sub-section (1) of section 4 of the said Act read with rule 8 of the Special Economic Zones Rules 2006, had notified an area of 13.75 hectares and de-notified an area of 3.63 hectares at the above Special Economic Zone vide Ministry of Commerce and Industry Notification Number S.O. 1898(E) dated 2nd November, 2006 and S.O. 2179(E) dated 26th August, 2014, respectively; AND, WHEREAS, M/s. Quarkcity India Private Limited has now proposed to de-notify an area of 5.03 hectares from the above Special Economic Zone; AND, WHEREAS, the State Government of Punjab has given their approval to the proposal vide letter No. SEZ/Quarkcity/Sun/569 dated 16.02.2018; AND, WHEREAS, the Development Commissioner, Noida Special Economic Zone has recommended the proposal for de-notification of an area of 5.03 hectares of the Special Economic Zone; AND, WHEREAS, the Central Government is satisfied that the requirements under sub-section (8) of section 3 of the said Act and other related requirements are fulfilled; NOW, THEREFORE, in exercise of the powers conferred by second proviso to sub-section (1) of section 4 of the Special Economic Zones Act, 2005 and in pursuance of rule 8 of the Special Economic Zones Rules, 2006, the Central Government hereby de-notifies an area of 5.03 hectares, thereby making resultant area as 5.09 hectares, comprising the survey number and the area given below in the table, namely:—¹Hkkx IIµ[k.M 3(ii)º Hkkjr dk jkti=k % vlk/kj.k 3 TABLE FOR DE-NOTIFICATION AREA Sl. No. Plot No. Total area (in Hectares) 1. A-40A 5.03 Total 5.03 Grand Total Area of SEZ after above deletion 5.09 [F. No. F.2/7/2005-SEZ] B.B. SWAIN, Addl. Secy. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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