Ministry of Finance TheDollarBusiness

An Area to set up sector specific SEZ for IT/ITES

Dated 22nd February, 2017 | Copy of | Notification Sl.10 |

WHEREAS, M/s. Phoenix Embassy Tech Zone Private Limited has 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 IT/ITES at Nanakramguda Village, Serilingampally Mandal, Ranga Reddy District, in the State of Telangana;

AND, WHEREAS, the Central Government is satisfied that requirements under sub-section (8) of section 3 of the said Act, and other related requirements are fulfilled and it has granted letter of approval under sub-section (10) of section 3 of the said Act for development, operation and maintenance of the above sector specific Special Economic Zone on 07th December, 2016;

NOW, THEREFORE, the Central Government, in exercise of the powers conferred by 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, hereby notifies the 3.95 hectares (9.76 acres) area at above location with survey numbers given in the table below as a Special Economic Zone, namely:

An Area to set up sector specific SEZ for IT/ITES

AND, THEREFORE, the Central Government, in exercise of the powers conferred by sub-section (1) of section 13 of the Special Economic Zones Act, 2005 (28 of 2005), hereby constitutes a Committee to be called the Approval Committee for the above Special Economic Zone for the purposes of section 14 of the said Act consisting of the following Chairperson and Members, namely:-

An Area to set up sector specific SEZ for IT/ITES

AND, THEREFORE, the Central Government, in exercise of the powers conferred by sub-section (2) of section 53 of the Special Economic Zones Act, 2005 (28 of 2005), hereby appoints the 22nd day of February, 2017 as the date from which the above Special Economic Zone shall be deemed to be Inland Container Depot under section 7 of the Customs Act, 1962 (52 of 1962).

Sd/-
(Alok Vardhan Chaturvedi)
Addl. Secy.

S.O.687(E)
F.No.F.1/18/2016-SEZ
Issued by:
Ministry of Commerce and Industry
(Department of Commerce)
New Delhi

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The Dollar Business Bureau - Mar 25, 2017 12:00 IST