Executive Summary:
This notification announces the establishment of a Sector Specific Special Economic Zone for information technology and information technology enabled services at Raidurg Panmaktha village, Serilingampally Mandal, Ranga Reddy District, Telangana. It also constitutes an Approval Committee for the zone and appoints March 31, 2016, as the date from which the zone will be deemed an Inland Container Depot.
Key Points / Main Content:
Special Economic Zone Establishment:
* A Sector Specific Special Economic Zone is established for information technology and information technology enabled services.
* Location: Raidurg Panmaktha village, Serilingampally Mandal, Ranga Reddy District, Telangana.
* Area: 1.85 hectares as per survey number 831 in Raidurg Panmaktha.
Approval Committee Constitution:
* An Approval Committee is constituted for the Special Economic Zone under Section 14 of the Special Economic Zones Act, 2005.
* The committee consists of a Chairperson and Members, including:
* Development Commissioner of the Special Economic Zone (Chairperson ex officio)
* Director or Deputy Secretary, Ministry of Commerce and Industry
* Zonal Joint Director General of Foreign Trade
* Commissioner of Customs or Central Excise
* Commissioner of Income Tax
* Director Banking, Ministry of Finance
* Two officers nominated by the State Government
* Representative of the Developer of the zone (Special invitee)
Inland Container Depot Appointment:
* Date of effect: March 31, 2016
* The Special Economic Zone is deemed to be an Inland Container Depot under Section 7 of the Customs Act, 1962.
Impact Analysis:
Developer (Ms. Aqua Space Developers Private Limited):
Impact: The developer's Special Economic Zone project is officially notified, granting it the status and benefits under the Special Economic Zones Act, 2005.
Action Required: Participate in the Approval Committee as a special invitee and comply with all regulations and requirements of operating a Special Economic Zone.
Approval Committee Members:
Impact: Members are assigned responsibilities for overseeing the operations and approvals related to the Special Economic Zone.
Action Required: Participate in committee meetings, review proposals, and make decisions as per the Special Economic Zones Act, 2005.
Central Government (Ministry of Commerce and Industry):
Impact: Exercises its powers under the Special Economic Zones Act, 2005 to establish and regulate the Special Economic Zone.
Action Required: Ensure compliance with the Act and Rules, and monitor the performance of the Special Economic Zone.
State Government of Telangana:
Impact: The Special Economic Zone is located within its jurisdiction, potentially impacting local economy and development.
Action Required: Nominate two officers to the Approval Committee and provide necessary support and cooperation for the successful operation of the Special Economic Zone.
Businesses Operating Within the Zone:
Impact: Can benefit from the incentives and simplified regulations applicable to Special Economic Zones.
Action Required: Comply with the regulations specific to Special Economic Zones and the directives of the Approval Committee.
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 the powers conferred by sections 54 and 55 of the Special Economic Zones Act, 2005.
Ms. Aqua Space Developers Private Limited: A private limited company that proposed to set up a Sector Specific Special Economic Zone.
Raidurg Panmaktha village, Serilingampally Mandal, Ranga Reddy District, Telangana: The location of the Sector Specific Special Economic Zone in the State of Telangana.
Ministry of Commerce and Industry: A ministry of the Government of India.
Department of Commerce: A department within the Ministry of Commerce and Industry.
Approval Committee: A committee constituted for the Special Economic Zone for the purposes of section 14 of the Special Economic Zones Act, 2005.
Customs Act, 1962: An act of the Indian Parliament to consolidate and amend the law relating to customs.
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PART II—Section 3—Sub-section (ii)
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1680 GI/2016 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
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कंटेनर िडपो माना जाएगा ।
[फा. सं. एफ.1/2/2016-एसईजेड]
डॉ. गुT(cid:29)साद महापा8,,,, संयुD सिचव
MINISTRY OF COMMERCE AND INDUSTRY
(Department of Commerce)
NOTIFICATION
New Delhi, the 31st March, 2016
S.O. 1323(E).—Whereas, M/s. Aqua Space Developers Private Limited has 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 and information technology enabled
services at Raidurg Panmaktha village, Serilingampally Mandal, Ranga Reddy District, in the State of
Telangana;
And, whereas, the Central Government is satisfied that requirements under sub-section (8) of section
3 of the said Act, and other related requirements are fulfilled and it has granted letter of approval under sub-
section (10) of section 3 of the said Act for development, operation and maintenance of the above sector
specific Special Economic Zone on 27th January, 2016;
Now, therefore, the Central Government, in exercise of the powers conferred by 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, hereby notifies the 1.85 hectares area at above location with survey numbers given in the table
below as a Special Economic Zone, namely:¹Hkkx IIµ[k.M 3(ii)º Hkkjr dk jkti=k % vlk/kj.k 3
TABLE
S. No. Name of Village Survey No. Area (in hectares)
1. Raidurg Panmaktha 83/1 1.85
Total 1.85
And, therefore, the Central Government, in exercise of the powers conferred by sub-section (1) of
section 13 of the Special Economic Zones Act, 2005 (28 of 2005), hereby constitutes a Committee to be called
the Approval Committee for the above Special Economic Zone for the purposes of section 14 of the said Act
consisting of the following Chairperson and Members, namely:—
1. Development Commissioner of the Special Economic Zone Chairperson
ex officio;
2. Director or Deputy Secretary to the Government of India, Ministry of Member ex officio;
Commerce and Industry, Department of Commerce or his nominee not
below the rank of Under Secretary to the Government of India
3. Zonal Joint Director General of Foreign Trade having territorial jurisdiction Member ex officio;
over the Special Economic Zone
4. Commissioner of Customs or Central Excise having territorial jurisdiction Member ex officio;
over the Special Economic Zone or his nominee not below the rank of Joint
Commissioner
5. Commissioner of Income Tax having territorial jurisdiction over the Special Member ex officio;
Economic Zone or his nominee not below the rank of Joint Commissioner
6. Director (Banking) in the Ministry of Finance, Banking Division, Member ex officio;
Government of India
7. Two officers, not below the rank of Joint Secretary, to be nominated by the Member ex officio;
State Government
8. Representative of the Developer of the zone Special invitee
And, therefore, the Central Government, in exercise of the powers conferred by sub-section (2) of
section 53 of the Special Economic Zones Act, 2005 (28 of 2005), hereby appoints the 31st day of March, 2016
as the date from which the above Special Economic Zone shall be deemed to be Inland Container Depot under
section 7 of the Customs Act, 1962 (52 of 1962).
[F. No. F. 1/2/2016-SEZ]
Dr. GURUPRASAD MOHAPATRA, Jt. 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.