Commerce & Industry Notification | An area of 58.64 hectares denotified

Dated October 8th, 2015 | Copy of | Notification Sl39 dt. 08/10/15 |

Whereas, M/s. Karnataka Industrial Area Development Board, a fully owned State Industrial Promotion Organization in the State of Karnataka, 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 Hassan in the State of Karnataka;

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 109.295 hectares at above Special Economic Zone vide Ministry of Commerce and Industry Notification Number S.O. 2161 (E) dated 18th December, 2007;

And, whereas, M/s. Karnataka Industrial Area Development Board has now proposed for de-notification of 58.64 hectares at the above Special Economic Zone;

And, whereas, the State Government of Karnataka has given its “No Objection” to the proposal vide letter No.VTPC/SEZ/KIADB-NOC/DD/2014-15, dated 13th July, 2015;

And, whereas, the Development Commissioner, Cochin Special Economic Zone has recommended the proposal for de-notification of an area of 58.64 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 58.64 hectares, thereby making resultant area as 50.655 hectares, comprising the survey numbers and the area given below in the table, namely:-

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

S.O. 2836(E) F.No.F.2/386/2006-SEZ Issued by: Ministry of Commerce and Industry (Department of Commerce) New Delhi