Home India Ministry of Commerce and Industry Whereas Ms BSR Builders LLP had proposed under section 3 of ...
Date: 2019-03-01 Category: Extra Ordinary State: Union Government Country: India

Whereas Ms BSR Builders LLP 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 from the Ministry of Commerce and Industry announces the inclusion of an additional 1.684 hectares into the existing Special Economic Zone (SEZ) for Information Technology and Information Technology Enabled Services (IT/ITES) in Telangana. The initial SEZ was notified on March 31, 2017. This addition, effective February 28, 2019, brings the total area of the SEZ to 2.844 hectares. **Key Points / Main Content:** * **SEZ Expansion:** * An additional 1.684 hectares is added to the existing Special Economic Zone. * The expansion is located in Nanakramguda Village, Serilingampally Mandal, Ranga Reddy District, Telangana. * Survey numbers for the additional area include 135P and 138P. * **Total Area:** * The total area of the Special Economic Zone after the inclusion is 2.844 hectares. * **Authority:** * The notification is issued by the Central Government, exercising powers under Section 4 of the Special Economic Zones Act, 2005, and following Rule 8 of the Special Economic Zones Rules, 2006. **Impact Analysis** * **Ms. BSR Builders LLP:** * *Impact:* Benefits from the expansion of their sector-specific Special Economic Zone for IT/ITES. * *Action Required:* Ensure development and operation align with the expanded area and regulations of the SEZ Act and Rules. * **Central Government:** * *Impact:* Responsible for overseeing and regulating the expanded Special Economic Zone. * *Action Required:* Monitor compliance with the Special Economic Zones Act, 2005, and Rules, 2006. * **Businesses operating within the SEZ:** * *Impact:* Potential for increased investment and operational scale due to the expanded area. * *Action Required:* Adapt business plans to leverage the expanded infrastructure and comply with SEZ regulations.

Key Entities Referenced

Special Economic Zones Act, 2005: An act of the Indian Parliament concerning special economic zones. Special Economic Zones Rules, 2006: Rules established by the Central Government of India related to the Special Economic Zones Act, 2005. Ministry of Commerce and Industry: The Indian government ministry responsible for international trade and industry. Ms. BSR Builders LLP: An Indian company that proposed to set up a sector specific Special Economic Zone. Telangana: A state in India where the Special Economic Zone is located. Ranga Reddy District, Telangana: A district in the state of Telangana, India. Serilingampally Mandal, Telangana: A mandal in Ranga Reddy District, Telangana, India. Nanakramguda Village, Telangana: A village in Serilingampally Mandal, Ranga Reddy District, Telangana, India.
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