Home India Ministry of Commerce and Industry Whereas, Ms Highland Valley Corporation Private Limited, had...
Date: 2019-10-16 Category: Extra Ordinary State: Union Government Country: India

Whereas, Ms Highland Valley Corporation Private Limited, had proposed under section 3 of the Special

Issued by Ministry of Commerce and Industry · Department of Commerce

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Executive Summary & Key Takeaways

Executive Summary: This notification concerns the establishment of a sector-specific Special Economic Zone (SEZ) for Information Technology and Information Technology Enabled Services in Tamil Nadu. It announces the inclusion of an additional 1.965 hectares to the already notified area, bringing the total area of the SEZ to 29.39 hectares. The decision was approved on October 11, 2019, following a proposal by Ms. Highland Valley Corporation Private Limited. Key Points / Main Content: * **SEZ Establishment and Expansion:** * Ms. Highland Valley Corporation Private Limited proposed setting up an SEZ in Tamil Nadu. * The Central Government initially notified 27.425 hectares for the SEZ. * An additional 1.965 hectares has now been included as part of the SEZ. * **Land Details:** * The additional area comprises specific survey numbers in Kadayam Perumpathu Village and Ambasamudram Taluk, Tirunelveli District. * The survey numbers and corresponding areas in hectares are listed in a table. * **Total Area:** * The grand total area of the SEZ after the addition is 29.39 hectares. * **Legal Basis:** * The decision is based on Section 4(1) of the Special Economic Zones Act, 2005, and Rule 8 of the Special Economic Zones Rules, 2006. Impact Analysis: * Ms. Highland Valley Corporation Private Limited * Impact: Can proceed with the establishment and operation of the expanded SEZ. * Action Required: Adhere to all regulations and guidelines related to SEZ operations on the newly included land. * 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. * State Government of Tamil Nadu * Impact: SEZ located within its jurisdiction, potentially impacting economic development and revenue. * Action Required: Support the establishment and operation of the SEZ in accordance with state policies.

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 pertaining to the Special Economic Zones Act, 2005, outlining the procedures and regulations for establishing and operating special economic zones in India. Ministry of Commerce and Industry: The Indian government ministry responsible for the formulation and implementation of policies related to commerce, industry, and trade. Ms. Highland Valley Corporation Private Limited: A private limited company that proposed to set up a sector-specific Special Economic Zone for Information Technology and Information Technology Enabled Services. Tamil Nadu State: A state in southern India where the Special Economic Zone is located. Tirunelveli District: A district in Tamil Nadu State, India, within which the Special Economic Zone is located. Ambasamudram Taluk: A taluk (administrative division) in Tirunelveli District, Tamil Nadu, where the Special Economic Zone is situated. Kadayam Perumpathu Village: A village in Ambasamudram Taluk, Tirunelveli District, Tamil Nadu, India, where the Special Economic Zone is located.
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