Home India Ministry of Commerce and Industry Whereas, M/s. State Industries Promotion Corporation of Tami...
Date: 2016-01-11 Category: Extra Ordinary State: Union Government Country: India

Whereas, M/s. State Industries Promotion Corporation of Tamil Nadu Limited (SIPCOT) had proposed under section 3 of the Special Economic Zones

Issued by Ministry of Commerce and Industry · NOT available

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Executive Summary & Key Takeaways

Executive Summary: This notification concerns the denotification of a portion of a sector-specific Special Economic Zone (SEZ) in Tamil Nadu. Ms. State Industries Promotion Corporation of Tamil Nadu Limited (SIPCOT) proposed the denotification, which the central government approved. The denotification reduces the SEZ area from 104.76.0 hectares to 54.15.3 hectares, effective January 5, 2016. Key Points / Main Content: Denotification Approval: * The Central Government has approved the denotification of a portion of a Special Economic Zone (SEZ) in Tamil Nadu. * The denotification was proposed by Ms. State Industries Promotion Corporation of Tamil Nadu Limited (SIPCOT). * The State Government of Tamil Nadu has approved the proposal. * The Development Commissioner, Madras Special Economic Zone, recommended the proposal. Area Details: * An area of 50.60.7 hectares is denotified from the SEZ. * The resulting area of the SEZ after denotification is 54.15.3 hectares. * Survey numbers of the denotified area are listed in a table. Background: * The SEZ was initially notified for the Leather Sector on November 27, 2007, with an area of 104.76.0 hectares. * On February 27, 2009, the sector was changed from Leather to Engineering Goods. * The notification is issued in accordance with Section 4 of the Special Economic Zones Act, 2005, and Rule 8 of the Special Economic Zones Rules, 2006. Impact Analysis: Ms. State Industries Promotion Corporation of Tamil Nadu Limited (SIPCOT) * Impact: SIPCOT's proposal for denotification has been approved, altering the area and potentially the operational scope of the SEZ they manage. * Action Required: SIPCOT needs to update its records and operational plans to reflect the reduced area of the SEZ and ensure compliance with the revised boundaries. Businesses Operating within the SEZ: * Impact: Businesses operating within the denotified area may be affected by changes in regulations, incentives, or infrastructure support. * Action Required: Businesses should assess the impact of the denotification on their operations and compliance requirements, and coordinate with SIPCOT for any necessary adjustments. Central Government: * Impact: The Central Government's notification modifies the boundaries of the SEZ, affecting its oversight and administration responsibilities. * Action Required: Update official records and ensure that relevant departments are informed about the change in the SEZ area. Tamil Nadu State Government: * Impact: The State Government has approved the denotification proposal; this may affect regional development plans and revenue projections. * Action Required: Align regional development plans and coordinate with SIPCOT to ensure smooth transition and compliance with the new SEZ boundaries.

Key Entities Referenced

Special Economic Zones Act, 2005: Indian legislation under which the original Special Economic Zone was established and this denotification is occurring. Special Economic Zones Rules, 2006: Indian regulations providing the framework for implementing the Special Economic Zones Act. Ministry of Commerce and Industry: The Indian government ministry responsible for special economic zones. State Industries Promotion Corporation of Tamil Nadu Limited: The Tamil Nadu state corporation that proposed the establishment and subsequent denotification of the Special Economic Zone. Tamil Nadu: The State in India where the Special Economic Zone is located. Vellore District: District in Tamil Nadu, India where the Special Economic Zone is located. Ranipet Phase III: Location of the State Promotion Corporation of Tamil Nadu Industrial Complex. Madras Special Economic Zone: Development Commissioner who recommended the denotification of an area of 50.60.7 hectares of the Special Economic Zone.
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State Industries Promotion Corporation of Tamil Nadu Limited (SIPCOT) 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 Leather Sector at State Promotion Corporation of Tamil Nadu Industrial Complex, Ranipet Phase – III, Mukuntharayapuram village, Walajah Taluk, Vellore District in the State of Tamil Nadu; 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 104.76.0 hectares at the above Special Economic Zone vide Ministry of Commerce and Industry Notifications Numbers S.O. 1992 (E), dated 27th November, 2007; And, whereas, the Central Government, approved the request of M/s. State Industries Promotion Corporation of Tamil Nadu for change of sector from “Leather sector to Engineering Goods, vide letter dated 27th February, 2009; And, whereas, M/s. State Industries Promotion Corporation of Tamil Nadu has now proposed for de- notification of 50.60.7 hectares at the above Special Economic Zone; And, whereas, the State Government of Tamil Nadu has given its approval to the proposal vide letter No. 2 (D) No.9, dated 6th April, 2015;¹Hkkx IIµ[k.M 3(ii)º Hkkjr dk jkti=k % vlk/kj.k 3 And, whereas, the Development Commissioner, Madras Special Economic Zone has recommended the proposal for de-notification of an area of 50.60.7 hectares of the Special Economic Zone; Now, 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 50.60.7 hectares, thereby making resultant area as 54.15.3 hectares, comprising the survey numbers and the area given below in the table, namely:- TABLE S.No. Survey No. Area to de-notified (in Hectares) 1. 87 Part 0.78.0 2. 88 Part 1.98.2 3. 89 3.97.5 4. 99 3.86.5 5. 100 3.09.0 6. 101 4.46.0 7. 102 4.81.0 8. 103 Part 3.18.5 9. 104 4.45.5 10. 105 15.7.0 11. 108 4.07.3 12. 109(Part) 0.07.7 13. 78/1 0.12.0 14. 78/2 0.03.5 Total 50.60.7 hectares Total Area of SEZ after above deletion 54.15.3 hectares [F. No. F.1/53/2007-SEZ] Dr. GURUPRASAD MOHAPATRA, Jt. Secy. Printed by the Manager, Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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