Home India Ministry of Commerce and Industry Whereas, Ms Embassy Office Parks Pvt Ltd formerly Ms Dynasty...
Date: 2019-05-17 Category: Extra Ordinary State: Union Government Country: India

Whereas, Ms Embassy Office Parks Pvt Ltd formerly Ms Dynasty Developers Private Limited

Issued by Ministry of Commerce and Industry · Department of Commerce

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Executive Summary & Key Takeaways

**Executive Summary:** This notification concerns the inclusion of an additional 10.178 hectares into a sector-specific Special Economic Zone (SEZ) for Information Technology and Information Technology Enabled Services in Maharashtra. The initial proposal was made under Section 3 of the Special Economic Zones Act, 2005. This addition, approved on May 14, 2019, increases the total area of the SEZ to 27.298 hectares. **Key Points / Main Content:** * **SEZ Expansion:** * An additional 10.178 hectares are included as part of the existing Special Economic Zone. * The total area of the SEZ is now 27.298 hectares. * **Location:** * The SEZ is located at Plot No. 3, Rajiv Gandhi Infotech Park, Hinjewadi, Phase II, Village Marunji, Taluka Mulshi, District Pune, Maharashtra. * **Developer:** * The developer is Ms. Embassy Office Parks Pvt. Ltd. (formerly Ms. Dynasty Developers Private Limited and Ms. PuneEmbassy Project Private Limited). * **Legal Basis:** * This notification is issued under Section 4(1) of the Special Economic Zones Act, 2005 and Rule 8 of the Special Economic Zones Rules, 2006. * **Land Details:** * The additional area includes specific survey numbers from Village Marunji. **Impact Analysis** * **Ms. Embassy Office Parks Pvt. Ltd. (Developer):** * *Impact:* Benefits from the expansion of the SEZ, potentially leading to increased investment and development opportunities. * *Action Required:* Incorporate the additional land into their development plans and comply with all relevant SEZ regulations. * **Central Government:** * *Impact:* Increased oversight and management responsibilities for the expanded SEZ. * *Action Required:* Ensure compliance with the Special Economic Zones Act, 2005 and Rules, 2006. * **Businesses Operating within the SEZ:** * *Impact:* Potential for increased infrastructure, services, and collaborative opportunities within the expanded zone. * *Action Required:* Adapt business strategies to leverage the expanded SEZ area and potential new resources. * **State Government of Maharashtra:** * *Impact:* Potential for increased economic activity, employment generation, and revenue within the state. * *Action Required:* Coordinate with the Central Government and the developer to support the effective operation and regulation of the expanded SEZ.

Key Entities Referenced

Special Economic Zones Act, 2005: An act of the Indian Parliament concerning Special Economic Zones. Specifically, section 3 and 4 are referenced. Special Economic Zones Rules 2006: Rules pertaining to the Special Economic Zones Act, 2005, rule 8 is referenced. Ministry of Commerce and Industry: The Indian government ministry responsible for commerce and industry. Notification Number S.O. 1962E dated 19th November, 2007 issued by this ministry is referenced. Embassy Office Parks Pvt. Ltd.: The developer of the Special Economic Zone, formerly known as Ms. Dynasty Developers Private Limited and Ms. PuneEmbassy Project Private Limited. Rajiv Gandhi Infotech Park, Hinjewadi, Phase II, Maharashtra: Location of the Special Economic Zone in Pune, Maharashtra Pune, Maharashtra: District and State where the Special Economic Zone is located. Information Technology and Information Technology Enabled Services: Sector for which the Special Economic Zone is established. May 14, 2019: Date of approval of the proposal to include additional area in the Special Economic Zone.
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Ek:ta h 54/1 Hkkx 0.99 2. 54/7 0.80 2480 GI/2019 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] 3. 55/12 Hkkx 0.32 4. 55/18 0.46 5. 55/22 0.04 6. 55/25 Hkkx 0.45 7. 56 Hkkx 7.118 dqy 10.178 mi;qZDr tksM+ ds i’pkr~ ,lbZtsM dk dqy {ks=Qy 27.298 [Qk- l-a ,Q-2@635@2006&,lbtZ Ms ] ch- ch- Lous ] vij lfpo] MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) NOTIFICATION New Delhi, the 14th May, 2019 S.O. 1751(E).—Whereas, M/s. Embassy Office Parks Pvt. Ltd. (formerly M/s. Dynasty Developers Private Limited and M/s. Pune-Embassy Project Private Limited), 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 and Information Technology Enabled Services at Plot No. 3, Rajiv Gandhi Infotech Park, Hinjewadi, Phase II, Village Marunji, Taluka Mulshi, District Pune in the State of Maharashtra; 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 17.12 hectares at the above Special Economic Zone vide Ministry of Commerce and Industry Notification Number S.O. 1962(E) dated 19th November, 2007; AND, WHEREAS, the Central Government approved the request for transfer of approval from M/s. Dynasty Developers Private Limited to M/s. Pune-Embassy Projects Private Limited. Further, consequent upon transfer of 100% shares to M/s. Embassy Office Parks Pvt. Ltd., the name of the developer was changed from M/s. Pune-Embassy Projects Private Limited to M/s. Embassy Office Parks Pvt. Ltd. with the approval of the Central Government; AND, WHEREAS, M/s. Embassy Office Parks Pvt. Ltd. has now proposed to include additional area of 2.88 hectares and 7.298 hectares i.e. total 10.178 hectares area as a part of above Special Economic Zone and the Central Government after considering the said proposal approved and conveyed it on 14th May, 2019; 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 notifies an additional area of 10.178 hectares, as a part of above Special Economic Zone, thereby making total area of the Special Economic Zone as 27.298 hectares, comprising the survey numbers and the areas given below in the table, namely:- TABLE FOR ADDITIONAL AREA S. N. Name of Village Survey No. Area in hectares 1. Marunji 54/1 PT 0.99 2. 54/7 0.80 3. 55/12 PT 0.32 4. 55/18 0.46 5. 55/22 0.04 6. 55/25 PT 0.45 7. 56 PT 7.118 Total 10.178 Grand total area of SEZ after above addition 27.298 [F. No. F.2/635/2006-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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