TMI BlogThe Central Government makes the following scheme to develop, operate and maintain special economic zones for the period beginning on the 1st day of April, 2001X X X X Extracts X X X X X X X X Extracts X X X X ..... s for the period beginning on the 1st day of April, 2001, for the zones developed on or before 31st March, 2006. 1. Objectives of the scheme: (a) The scheme shall aim at development of integrated world class infrastructure for exports including carrying out manufacture of goods or rendering of services in connection therewith and would include industrial, commercial and social infrastructure. Components of a special economic zone shall include roads, airports, ports, transport system, generation and distribution of power, telecom, hospitals, hotels, educational institutions, leisure and entertainment units, residential/industrial/commercial complexes, water supply sanitation and sewerage system and any other facility required for de ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t 25 per cent. area of the SEZ shall be used for developing industrial area for setting up of such units. (v) The predominant objective of development of a SEZ would be to create infrastructure which would facilitate setting up of industrial area for units therein as indicated in the para. (iv) above. 3. Procedure for approval: 3.1 Applications (10 copies) indicating the name and address of the applicant, status of the promoter (whether individual/private company/State Govemment/NRIs, etc.) along with a project report covering the following particulars shall be submitted to the Chief Secretary of the State: (i) Location of the proposed zone with details of existing and proposed infrastructure. (ii) Area of the proposed SEZ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... idered by the Board of Approval (BOA) as notified vide Notification No. 14/1/2001-EPZ, dated 7th August, 2001. 3.4 On acceptance of the proposal by the BOA, the Department of Commerce will issue a letter of permission to the applicant; hereafter referred to as "developer". 3.5 Developer could undertake activities required for the development of the zone as per the approval granted by BOA. Other entities, as approved by the BOA, may also undertake approved development activities of the SEZ provided that commercial, residential and recreational facilities shall be approved only if the developer has at least 26 per cent. equity in such entities. 3.6 In case of converted EPZ into SEZ approval for development of requirements in infrastr ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
