Centre De-notifies 10 Hectare Of SEZ Land For Biotech, Pharma Sector

Whereas, M/s. Serum Bio-pharma Park, a Private Organization of the State of Maharashtra, 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 biotech and pharmaceuticals sector at village Hadapsar/Manjri, Village, 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 23.1793 hectares at above Special Economic Zone vide Ministry of Commerce and Industry Notification Number S.O. 1833(E) dated 29th December, 2005;

And, whereas, M/s. Serum Bio-pharma Park has now proposed for de-notification of 10.7657 hectares at the above Special Economic Zone;

And, whereas, the State Government of Maharashtra has given its “No Objection” to the proposal vide letter No.SEZ-2015/CR-5/Ind-2, dated 12th May, 2015;

And, whereas, the Development Commissioner, SEEPZ Special Economic Zone has recommended the proposal for de-notification of an area of 10.7657 hectares of the Special Economic Zone;

Now, whereas, the Central Government is satisfied that the requirements under sub-section (8) of section 3 of the said Act and other related requirements are fulfilled;

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 de-notifies an area of 10.7657 hectares, thereby making resultant area as 12.4136 hectares, comprising the survey numbers and the area given below in the table,

Sd/- (Dr. Guruprasad Mohapatra) Jt. Secy.