Home India Ministry of Commerce and Industry Whereas M s RGA Infrastructure had proposed under section 3 ...
Date: 2018-12-04 Category: Extra Ordinary State: Union Government Country: India

Whereas M s RGA Infrastructure 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 expansion of a sector-specific Special Economic Zone (SEZ) for Information Technology and Information Technology Enabled Services in Karnataka, India. Ms. RGA Infrastructure proposed the inclusion of additional land. The Central Government has approved the inclusion, increasing the total area of the SEZ. Key Points / Main Content: SEZ Expansion Approval: * The Central Government has approved the inclusion of an additional 1.18 hectares into an existing Special Economic Zone. Details of the Expansion: * The additional area is located in Sy. No. 311, Chikkankannelli Village, Varthur Hobli, Bangalore East Taluk, Bangalore, Karnataka. * The expansion increases the total area of the SEZ to 2.77 hectares. Legislative Basis: * The decision is made under Section 4 of the Special Economic Zones Act, 2005, and Rule 8 of the Special Economic Zones Rules, 2006. * The original notification for the SEZ was issued on February 9, 2017, vide Notification Number S.O. 387E. Impact Analysis: Ms. RGA Infrastructure: Impact: Benefits from the expansion of its approved SEZ area, allowing for greater operational scope. Action Required: Incorporate the additional land into the SEZ development plans and comply with all relevant regulations. Central Government: Impact: Responsible for overseeing and regulating the expanded SEZ. Action Required: Ensure compliance with the Special Economic Zones Act, 2005, and related rules. Government of Karnataka: Impact: Oversight of economic activity within its jurisdiction Action Required: Incorporate the new SEZ area in their records

Key Entities Referenced

Special Economic Zones Act, 2005: An act of the Indian Parliament to provide for the establishment, development and management of the 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 the powers conferred by sections 5 to 5B and section 5C read with sub-section (1) of section 54 of the Special Economic Zones Act, 2005. Ministry of Commerce and Industry: The Indian government ministry responsible for international trade and commerce. RGA Infrastructure: An entity that proposed to set up a sector-specific Special Economic Zone. Karnataka: A state in India, where the Special Economic Zone is located. Bangalore: A city in Karnataka, India; location of the Special Economic Zone Information Technology: Specific sector for which the Special Economic Zone is intended Information Technology Enabled Services: Specific sector for which the Special Economic Zone is intended
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