Home India Ministry of Commerce and Industry WHEREAS, Ms Navi Mumbai SEZ Pvt Ltd had proposed under secti...
Date: 2019-03-01 Category: Extra Ordinary State: Union Government Country: India

WHEREAS, Ms Navi Mumbai SEZ Pvt Ltd 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 concerns the proposed denotification of a Special Economic Zone (SEZ) in Navi Mumbai. Ms. Navi Mumbai SEZ Pvt. Ltd. requested to denotify the entire area of 133.6215 hectares. The Central Government rescinds the previous notification, except for actions already taken or omitted before the rescission. Key Points / Main Content: * **Denotification Proposal:** * Ms. Navi Mumbai SEZ Pvt. Ltd. proposed to denotify the entirety of its sector-specific Special Economic Zone for the IT/ITES sector in Village Kalamboli, Navi Mumbai. The total area is 133.6215 hectares. * **Background:** * Previous notifications (S.O. 2018E dated 11th August, 2008 and S.O. 1278E dated 19th May, 2009) had notified areas of 103.0727 hectares and 30.5488 hectares within the SEZ. * **Approvals and Recommendations:** * The Maharashtra State Government provided a No Objection Certificate (letter No. SEZ2019CR41Ind2 dated 20th February, 2019) for the denotification proposal. * The Development Commissioner, SEEPZ-SEZ, recommended the denotification of the entire area. * **Central Government Action:** * The Central Government rescinds the earlier notifications regarding the SEZ, except for actions already completed or omitted before the rescission. Impact Analysis: * Ms. Navi Mumbai SEZ Pvt. Ltd. * Impact: The SEZ area is now denotified. * Action Required: Ensure compliance with the rescission, accounting for any prior actions or omissions. * Central Government: * Impact: Implementation of the denotification decision. * Action Required: Monitor compliance and address any outstanding issues related to the rescission. * State Government of Maharashtra: * Impact: The SEZ denotification alters the economic landscape of the region. * Action Required: Adjust regional economic development plans as necessary, considering the denotification. * Development Commissioner, SEEPZ-SEZ: * Impact: Oversight of a now denotified area. * Action Required: Adjust oversight and regulatory activities to reflect the denotification.

Key Entities Referenced

Special Economic Zones Act, 2005: An act of the Indian Parliament concerning Special Economic Zones. Special Economic Zone Rules 2006: Rules framed by the Central Government of India regarding the operation of Special Economic Zones. Ministry of Commerce and Industry: A ministry of the Government of India. Navi Mumbai SEZ Pvt. Ltd.: A private company that proposed to set up a sector specific Special Economic Zone for IT/ITES sector. Navi Mumbai, Maharashtra: A planned city in Maharashtra, India, where the Special Economic Zone was proposed. Kalamboli, Maharashtra: Village in Navi Mumbai, Maharashtra, the location of proposed IT/ITES Special Economic Zone. SEEPZ-SEZ: The Santacruz Electronic Export Processing Zone (SEEPZ) Special Economic Zone, whose Development Commissioner recommended the proposal for denotification. B.B. Swain: Additional Secretary, Ministry of Commerce and Industry, who signed the notification.
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