Adani Ports re-applies for denotified SEZ at Mundra

Adani Ports and SEZ (APSEZ) has sought fresh approval from the government for 1,840 hectare multi-product special economic zone, which was denotified in October due to non-conformity with SEZ rules.

"We have sought permission for a new SEZ and have made several representations to the government. We hope to get the approval in the present quarter itself," APSEZ's Chief Financial Officer B Ravi told PTI.

Government sources said meanwhile that the Board of Approval (BoA), the apex body for SEZs, has not yet taken up the matter.

In October, the government had cancelled the 1,840- hectare, multi-product SEZ being developed by the Gujarat- based Adani Group firm at Mundra on grounds of violation of various SEZ norms.

They included the SEZ not conforming to contiguity norms and being in violation of the rule which requires the tax-free zone site to be vacant before approval is sought. The site was land-locked without means of proper transport.

Under the contiguity norms for the SEZs, a developer is required to develop the zone on a single tract of land. Besides, the land should be vacant.

The government had carried out an inspection of the site as well before arriving at the final decision.

Ravi said the issue of conforming to the contiguity norms has now been resolved and the company has made several representations to the government clearing its position.

"There is no issue now, we have made several representations to the government to clear our position," he said, adding that de-notification of the SEZ did not affect Adani Ports existing businesses.

The SEZ, which is adjacent to existing tax-free zone of the company at the same place, was first notified in March last year, and denotified in October.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

FC NEWSLETTER

Stay informed on our latest news!

EDITORIAL OF THE DAY

  • Cricket is gladiator sport. Who cares about morals?

    If you think S Sreesanth and his Rajasthan Royals mates Ajit Chandila and Ankeet Chavan have put the game in a spot and its followers in a fix, you ar

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Urs Schöttli

Why Malaysia needs change

A few days ago, Malaysia’s ruling coalition claimed another ...

Parvez Imam

How we are being timed to perfection

Are we timed to perfection yet? Precision of time is ...

Bubbles Sabharwal

Talk things out, laugh together, live together

This article is prompted by my friend Neerja’s e-mail which ...