Commerce and Industry Notification | De-Notify 100.00 hectares of Special Economic Zone

Dated October 26th, 2015 | Copy of | Notification Sl42 dt. 26/10/15 |

Whereas, M/s. Ajanta Projects (India) Limited, a private organization in 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 pharmaceuticals at Plot No.C-21, MIDC, Shendre Five Star Industrial Area, District Aurangabad 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 Zone Rules 2006, had notified an area of 100.00 hectares vide Ministry of Commerce and Industry Notification Number S.O.2503(E) dated 22nd October, 2008;

And, Whereas, the name of the SEZ was changed from M/s. Ajanta Projects (India) Pvt. Ltd to M/s. Inspira Infra (Aurangabad) Ltd vide Ministry of Commerce and Industry letter dated 27th March, 2012;

And, Whereas, M/s Inspira Infra (Aurangabad) Ltd. has proposed to de-notify the entire area of 100.00 hectares of the above Special Economic Zone;

And, Whereas, the State Government of Maharashtra has given its “No Objection” to the proposal vide letter no.SEZ-1814/CR-41/ 2013/Ind-2 dated 12th May, 2015.

And, Whereas, the Development Commissioner, SEEPZ Special Economic Zone has recommended the proposal for de-notification of the entire area of 100.00 Hectares of the Special Economic Zone;

Now, Therefore, in exercise of the powers conferred by first proviso to rule 8 of the Special Economic Zones Rules 2006, the Central Government hereby rescinds the above notification except as respects things done or omitted to be done before such rescission.

Sd/- Bhupinder S.Bhalla Jt. Secy.

S.O.2979(E) F.No.F.1/94/2007-SEZ Issued by: Ministry of Commerce and Industry (Department of Commerce) New Delhi