Home India Ministry of Commerce and Industry WHEREAS Ms Maharashtra Industrial Development Corporation ha...
Date: 2017-04-24 Category: Extra Ordinary State: Union Government Country: India

WHEREAS Ms Maharashtra Industrial Development Corporation had proposed under section 3 of the Special Economic Zones

Issued by Ministry of Commerce and Industry · Department of Commerce

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Executive Summary & Key Takeaways

This notification, S.O. 1273(E), issued by the Ministry of Commerce and Industry, Department of Commerce, on April 19, 2017, rescinds Notification Number S.O. 1279(E) dated May 19, 2009, which had previously notified an area of 103 hectares for a sector-specific Special Economic Zone (SEZ) for the textile sector. The SEZ was proposed by Ms. Maharashtra Industrial Development Corporation at Village ChincholiKati, Taluka Mohal, District Solapur in the State of Maharashtra, under Section 3 of the Special Economic Zones Act, 2005. The denotification proposal was initiated by Ms. Maharashtra Industrial Development Corporation and received a No Objection from the State Government of Maharashtra on November 7, 2016 (letter no. SEZ2006CR72014Ind2). The Development Commissioner, SEEPZ Special Economic Zone, recommended the denotification of the entire 103-hectare area. The rescission is enacted under the powers conferred by the first proviso to rule 8 of the Special Economic Zones Rules 2006, and is documented under F. No. F.21662006SEZ, Alok Vardhan Chaturvedi, Addl. Secy.

Key Entities Referenced

Special Economic Zones Act, 2005: The primary legislation governing the establishment and operation of Special Economic Zones in India. Ministry of Commerce and Industry: The Indian government ministry responsible for the formulation of foreign trade policy and the promotion of industries. Maharashtra Industrial Development Corporation: An organization that proposed to set up a sector specific Special Economic Zone for textile sector. Special Economic Zone Rules 2006: The set of rules that govern the operation of Special Economic Zones, enacted in 2006. New Delhi: The location where the notification was issued. Solapur, Maharashtra: District in the State of Maharashtra where the Special Economic Zone was proposed. SEEPZ Special Economic Zone: An existing Special Economic Zone whose Development Commissioner recommended the proposal for denotification. Alok Vardhan Chaturvedi: Additional Secretary of the Indian government who issued the notification.
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