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Supplementary Agenda for the 103rd meeting of the BoA scheduled to be held on 18.03.2021

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No. K-43014(22)/4/2021-SEZ Government of India Ministry of Commerce and Industry Department of Commerce (SEZ Section) Udyog Bhawan, New Delhi Dated the/2”March, 2021

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OFFICE MEMORANDUM

Subject: 103™ Meeting of the Board of Approval (BoA) for Special Economic Zones (SEZs) scheduled to be held on 18 March, 2021 at 11.30 A.M in Room No. 141 - forwarding of Supplementary Agenda thereof — Reg.

In continuation to this Department’s O.M. of even numbers dated 10" February, 2021 and 18t March, 2021 on the above mentioned subject, the undersigned is directed to enclose herewith the Supplementary Agenda for the 103 meeting of the BoA for SEZs scheduled to be held on 18 March, 2021 at 11:30 A.M. for information and necessary action. Soft copy of the Supplementary agenda has also been hosted on the website: www.sezindia.gov.in.

2 The addressees are requested to make it convenient to attend the meeting through Video Conferencing and shall provide their IP address and location details. A weblink for the meeting shall be shared by this Department shortly. (Sumit Kumar Kumar Sachan)

NikSachan)

(Sumit Kumar Kumar Sachan) Under Secretary to the Government of India Tel: 2306 2496 Email: sumit.sachan@nic.in

To

  1. Central Board of Excise and Customs, Member (Customs), Department of Revenue, North Block, New Delhi. (Fax: 23092628).

  2. Central Board of Direct Taxes, Member (IT), Department of Revenue, North Block, New Delhi. (Telefax: 23092107).

  3. Joint Secretary, Ministry of Finance, Department of Financial Services, Banking Division, Jeevan Deep Building, New Delhi (Fax: 23344462/23366797).

  4. Shri Anil Agarwal, Joint Secretary, Department of Promotion of Industry and Internal 5. TradeJoint Secretary, (DPIIT), UdyogMinistry Bhawan,of Shipping, New Delhi.Transport Bhawan, New Delhi. 6. JointDelhi Secretary (E), Ministry of Petroleum and Natural Gas, Shastri Bhawan, New 7. Joint Secretary, Ministry of Agriculture, Plant Protection, Krishi Bhawan, New Delhi. 8. Ministry of Science and Technology, Sc ‘G’ & Head (TDT), Technology Bhavan, Mehrauli Road, New Delhi. (Telefax: 26862512)

  5. Joint Secretary, Department of Biotechnology, Ministry of Science and Technology, 7 Floor, Block 2, CGO Complex, Lodhi Road, New Delhi - 110 003.

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  1. Additional Secretary and Development Commissioner (Micro, Small and Medium Enterprises Scale Industry), Room No. 701, Nirman Bhavan, New Delhi (Fax: 23062315).

  2. Secretary, Department of Electronics & Information Technology, Electronics Niketan, 6, CGO Complex, New Delhi. (Fax: 24363101)

  3. Joint Secretary (IS-I), Ministry of Home Affairs, North Block, New Delhi (Fax: 23092569)

  4. Joint Secretary (C&W), Ministry of Defence, Fax: 23015444, South Block, New Delhi.

ax: 24363101)

  1. Joint Secretary (IS-I), Ministry of Home Affairs, North Block, New Delhi (Fax: 23092569)

  2. Joint Secretary (C&W), Ministry of Defence, Fax: 23015444, South Block, New Delhi.

  3. Joint Secretary, Ministry of Environment and Forests, Pariyavaran Bhavan, CGO Complex, New Delhi — 110003 (Fax: 24363577)

  4. Joint Secretary & Legislative Counsel, Legislative Department, M/o Law & Justice, A-Wing, Shastri Bhavan, New Delhi. (Tel: 23387095).

  5. Department of Legal Affairs (Shri Hemant Kumar, Assistant Legal Adviser), M/o 17. LawSecretary, & Justice,Department New Delhi.of Chemicals & Petrochemicals, Shastri Bhawan, New Delhi 18. Joint Secretary, Ministry of Overseas Indian Affairs, Akbar Bhawan, Chanakyapuri, New Delhi. (Fax: 24674140)

  6. Chief Planner, Department of Urban Affairs, Town Country Planning Organisation, Vikas Bhavan (E-Block), I.P. Estate, New Delhi. (Fax: 23073678/23379197)

  7. Director General, Director General of Foreign Trade, Department of Commerce, Udyog Bhavan, New Delhi.

  8. Director General, Export Promotion Council for EOUs/SEZs, 8G, 8" Floor, Hansalaya Building, 15, Barakhamba Road, New Delhi — 110 001 (Fax: 223329770)

22.Dr. Rupa Chanda, Professor, Indian Institute of Management, Bangalore, Bennerghata Road, Bangalore, Karnataka

  1. Development Commissioner, Noida Special Economic Zone, Noida.

  2. Development Commissioner, Kandla Special Economic Zone, Gandhidham.

  3. Development Commissioner, Falta Special Economic Zone, Kolkata.

  4. Development Commissioner, SEEPZ Special Economic Zone, Mumbai.

nt Commissioner, Kandla Special Economic Zone, Gandhidham.

  1. Development Commissioner, Falta Special Economic Zone, Kolkata.

  2. Development Commissioner, SEEPZ Special Economic Zone, Mumbai.

  3. Development Commissioner, Madras Special Economic Zone, Chennai

  4. Development Commissioner, Visakhapatnam Special Economic Zone, Visakhapatnam

  5. Development Commissioner, Cochin Special Economic Zone, Cochin. 30. Development Commissioner, Indore Special Economic Zone, Indore. 31. Development Commissioner, Mundra Special Economic Zone, 4" Floor, C Wing, Port Users Building, Mundra (Kutch) Gujarat.

  6. Development Commissioner, Dahej Special Economic Zone, Fadia Chambers, Ashram Road, Ahmedabad, Gujarat

  7. Development Commissioner, Navi Mumbai Special Economic Zone, SEEPZ Service Center, Central Road, Andheri (East), Mumbai — 400 096

  8. Development Commissioner, Sterling Special Economic Zone, Sandesara Estate, Atladra Padra Road, Vadodara - 390012

  9. Development Commissioner, Andhra Pradesh Special Economic Zone, Udyog Bhawan, 9" Floor, Siripuram, Visakhapatnam — 3

  10. Development Commissioner, Reliance Jamnagar Special Economic Zone, Jamnagar, Gujarat

  11. Development Commissioner, Surat Special Economic Zone, Surat, Gujarat

  12. Development Commissioner, Mihan Special Economic Zone, Nagpur, Maharashtra

  13. Development Commissioner, Sricity Special Economic Zone, Andhra Pradesh.

  14. Development Commissioner, Mangalore Special Economic Zone, Mangalore.

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onomic Zone, Nagpur, Maharashtra

  1. Development Commissioner, Sricity Special Economic Zone, Andhra Pradesh.

  2. Development Commissioner, Mangalore Special Economic Zone, Mangalore.

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  1. Government of Andhra Pradesh, Principal Secretary and CIP, Industries and Commerce Department, A.P. Secretariat, Hyderabad — 500022. (Fax: 040-23452895).

  2. Government of Telangana, Special Chief Secretary, Industries and Commerce Department, Telangana Secretariat Khairatabad, Hyderabad, Telangana.

  3. Government of Karnataka, Principal Secretary, Commerce and Industry Department, Vikas Saudha, Bangalore — 560001. (Fax: 080-22259870)

  4. Government of Maharashtra, Principal Secretary (Industries), Energy and Labour Department, Mumbai — 400 032.

  5. Government of Gujarat, Principal Secretary, Industries and Mines Department Sardar Patel Bhawan, Block No. 5, 3rd Floor, Gandhinagar — 382010 (Fax: 079-23250844).

  6. Government of West Bengal, Principal Secretary, (Commerce and Industry), IP Branch (4 Floor), SEZ Section, 4, Abanindranath Tagore Sarani (Camac Street) Kolkata — 700 016

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  • 47.Government of Tamil Nadu, Principal Secretary (Industries), Fort St. George, Chennai — 600009 (Fax: 044-25370822).

  1. Government of Kerala, Principal Secretary (Industries), Government Secretariat, Trivandrum — 695001 (Fax: 0471-2333017).

  2. Government. of Haryana, Financial Commissioner and Principal Secretary), Department of — Industries, Haryana —_ Civil Secretariat, | Chandigarh (Fax: 0172-2740526).

95001 (Fax: 0471-2333017).

  1. Government. of Haryana, Financial Commissioner and Principal Secretary), Department of — Industries, Haryana —_ Civil Secretariat, | Chandigarh (Fax: 0172-2740526).

  2. Government of Rajasthan, Principal Secretary (Industries), Secretariat Campus, Bhagwan Das Road, Jaipur — 302005 (0141-2227788).

  3. Government of Uttar Pradesh, Principal Secretary, (Industries), Lal Bahadur Shastri 52. GovernmentBhawan, Lucknow —of Punjab, 226001Principal(Fax: 0522-2238255).Secretary Department of Industry & Commerce 53. GovernmentUdyog Bhawan),of Puducherry, Sector -17, Chandigarh-Secretary, Department160017. of Industries, Chief Secretariat, Puducherry.

  4. Government of Odisha, Principal Secretary (Industries), Odisha Secretariat, Bhubaneshwar — 751001 (Fax: 0671-536819/2406299).

  5. Government of Madhya Pradesh, Chief Secretary, (Commerce and Industry), Vallabh

  • Bhavan, Bhopal (Fax: 0755-2559974)

    1. Government of Uttarakhand, Principal Secretary, (Industries), No. 4, Subhash Road, Secretariat, Dehradun, Uttarakhand
    1. Government of Jharkhand (Secretary), Department of Industries Nepal House, Doranda, Ranchi — 834002.
    1. Union Territory of Daman and Diu and Dadra Nagar Haveli, Secretary (Industries), Department of Industries, Secretariat, Moti Daman — 396220 (Fax: 0260-2230775).
    1. Government of Nagaland, Principal Secretary, Department of Industries and Commerce), Kohima, Nagaland.

ries), Department of Industries, Secretariat, Moti Daman — 396220 (Fax: 0260-2230775).

    1. Government of Nagaland, Principal Secretary, Department of Industries and Commerce), Kohima, Nagaland.
    1. Government of Chattishgarh, Commissioner-cum-Secretary Industries, Directorate of Industries, LIC Building Campus, 2™4 Floor, Pandri, Raipur, Chhattisgarh (Fax: 0771-2583651).

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Copy to: PPS to CS / Consultant to AS (SK) / PPS to JS(AK)/ PPS to Dir (SNS).

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Supplementary Agenda for the 103" meeting of the Board of Approval to be held on ER TE OT INO. 141, Udyog Bhawan, New Delhi 18‘ March, 2021 at 11:30 A.M. in Room No. 141, Udvog Bhawan New Delhi 103.7 103.7 Request for extension of LoP beyond 3rd year onwards (one proposal) Ports (i) |Request of M/s. Mundra Solar Limited (MSL), an SEZ Unit in M/s. Adani and SEZ at Mundra for 5" extension of validity of LoA upto 18.04.2022. August,M/s Mundra Solar Limited, a unit of APSEZ at Mundra, was granted approval on 20% for 2015 from Office of the Development Commissioner, Adani Ports and SEZ, Mundra setting up a manufacturing of Solar Cell 1500 MWp and Solar Module-1500Mwp. * LOA issued on : 20.08.2015

  • Nature of business : Manufacturing of Solar Cell and Modules
  • Number of extensions : 4 (four) extensions upto 18.04.2020 [3extension by DC, APSEZ and one by BoA].

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nufacturing of Solar Cell and Modules

  • Number of extensions : 4 (four) extensions upto 18.04.2020 [3extension by DC, APSEZ and one by BoA].

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  • Request : For further extension for two years, up to 18.04.2022<br>Present Progress:<br>Sr.a.[Type‘Proposed Detailsote o fstBusiness plan: Investiment (Rs. in Gr)<br>[Building es<br>2 Plant & Machinery 0.5<br>Toa 7860.85<br>b. Incremental Investment made so far and incremental investment since last<br>extension:<br>S.<br>No. ypes of Cost otal Investment made solIncremental Investment since last<br>ar (Rs. In crore) extension (Rs. In crore)<br>2 Material ( 0<br>procurement cost<br>----- End of picture text -----<br>

The unit has submitted that earlier they have been planned to develop Solar Cell and Module using Multi Crystalline Technology, including in-house manufacturing of Ingot and Wafer, Poly silicon as raw materials for Solar Cell and Module. Though, based on their technical team validation, now they plan to use Mono crystalline technology instead of Multi Crystalline Technology.

Partner Further, as stated by the Unit, their technical team is working with technical JV in advanced direct wafering technology as compared to traditional ingot wafer technology. The advanced direct wafering technology, on which they are working, will help them improve the operational cost of wafer manufacturing, thereby making project more viable in terms of finance and reliability.

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echnology, on which they are working, will help them improve the operational cost of wafer manufacturing, thereby making project more viable in terms of finance and reliability.

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that DC, APSEZ has noted that the agenda is being forwarded to BoA, in spite of the fact clearancethoughtheyfourhaveextensionsnot initiatedwereanygrantedphysicaltoconstructionthe unit, apartactivityfromonobtainingground. Itenvironmentis pertinent to note that the unit vide letter dated: 16-10-2019 had applied for exit from SEZ, and subsequently withdrew their proposal for exit from SEZ vide letter dated: 08-01-2021 thereby willing to continue in SEZ formation,

Recommendation

by DC, APSEZ: the In view of the above and also that it is an environment friendly project, the request of 1.€. unit is recommended for consideration for extension of the LoA for a period of two year up to 18.04.2022 as considerable period has already lapsed. The request is placed before BoA for consideration.

103.8 Change in shareholding pattern (one proposal)

103.8 (i) Request of M/s. Manyata Promoters Private Limited, the Developer of Manyata SEZ, for approval of change of share holding as a result of Composite Scheme of Arrangement.

  • M/s

  • setting Manyata Promoters Private Limited (MPPL) was granted LoA on 16.06.2006 for a up of a sector specific SEZ for IT/ITES at Bangalore, Karnataka. The Developer filed petition before the Hon’ble National Company Law Tribunal, Mumbai Bench for Composite

  • Scheme of Arrangement wherein the following was proposed:i. Embassy Office Parks Private Limited (EOPPL) will demerge its Techzone undertaking into its wholly owned subsidiary i.e M/s Manyata Promoters Private Limited(MPPL),.

    • li. MPPL will issue shares to shareholders of EOPPL i.e. Embassy Office Parks REIT (100% holding company of EOPPL) as a consideration for the de-merger.

  • iii. Post demerger, shares held by EOPPL in MPPL will be cancelled such that MPPL entire shares will be held by Embassy Office Park REIT,

  • iv. EOPPL will get merged with M/S Manyata Promoters Pvt. Ltd. and EOPPL will cease to exist.

PL in MPPL will be cancelled such that MPPL entire shares will be held by Embassy Office Park REIT,

  • iv. EOPPL will get merged with M/S Manyata Promoters Pvt. Ltd. and EOPPL will cease to exist.

  • NCLT, The Developer has submitted that their application which was filed before Hon’ble Mumbai has been allowed and the Composite Scheme of Arrangement has been

  • approved by the Hon'ble NCLT vide order dated 11.02.2021 in CP(CAA)/1085/MB/2020 in CA(CAA)/1009/MB/2020.

Following is the present and post re-structuring shareholding pattern of the company:-

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|Name|of the|shareholder|
|No.of||%|holding]|No.of|[%|holding|
|Shares|Shares|
|Embassy Office parks REIT|727,538|64.231|14,61,989|||99.9999|

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----- Start of picture text -----<br> Ray VargisKallimel, Nominee Shareholder | 0.0001 2 0.0001<br>of Embassy Office Parks REIT<br>EmbassyLimited(EOPPL) Office Parks Private 405,159 35.769 NA NA<br>Total 11,32,698 14,61,991<br>the The Developer has also stated that post demerger/merger, there will be no change in<br>list of Directors. The reasons for the proposed restructuring are as follows:-<br>----- End of picture text -----<br>

  1. To maximize the stakeholders value.

ger, there will be no change in<br>list of Directors. The reasons for the proposed restructuring are as follows:-<br>----- End of picture text -----<br>

  1. To maximize the stakeholders value.

  2. The Composite Arrangement would result in an efficient corporate structure with focused management and streamlined shareholding. The Company is expecting that the composite arrangement shall result in unlocking the following benefits.

a. Simplified management structure, leading to better administration and reduction in cost from more focused operational efforts, rationalization, standardization and simplification of business process, the elimination of duplication, reduction in multiplicity of legal and regulatory compliances and rationalization of administrative expenses.

  • b. Simplification ofgroup structure. c. Simplification of the shareholding structure and reduction of shareholding tiers and value creation for the direct and indirect stakeholders.

M/s Manyata Promoters Private Limited has submitted an undertaking that pursuant theto the completion ofthe proposed transaction they will continue with seamless continuity of SEZ activities and other conditions as per the guidelines given in Instruction No. 89 issued by MOC&I.

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Recommendations of DC:

DC, CSEZ has recommended the proposal for consideration of BoA.

103.9 Request for co-developer status (three proposals)

103.9(i) Request of M/s. DesignTech Systems Pvt. Ltd., (presently an IT/ITES Unit) for Co-developer status in MIDC-IT/ITES SEZ, Rajiv Gandhi Infotech Park, Hinjewadi, Phase-III, Pune for the purpose of construction of IT/ITES building and related infrastructure of Units, development of space for IT/ITES units and all default authorised operations.

The above mentioned SEZ stands notified on 07.06.2007 over an area of 223.560 Ha.

M/s. DesignTech Systems Pvt. Ltd. has been granted LOA as a unit vide LOA dated 19-01-2017 over an area of 6000 sq. mtrs. Their LOA was valid upto 18-01-2021.They have Started construction activity and the same is under construction stage and have completed 45% of work with regard to Civil work and 70% w.rt. Boundary walls/Gates etc. as certified by the Chartered Engineer.

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developerNowin M/s.the DesignTechaforesaid SEZ Systemsfor construction Pvt. Ltd. has submittedof buildinga proposaland relatedfor becominginfrastructure a Co-of IT/ITES Units, development of space for IT/ITES unit and all default authorised operations as per Instruction No. 50 issued by MOC&I. M/s. Designtech Systems Pvt. Ltd. has entered into a Co-developer Agreement dated 16-02-2021 with the Developer i.e. MIDC. The total area on which the activities are proposed by the co-developer is 6000 sq mtrs. a. Investment and Source of Finance:

a Co-developer Agreement dated 16-02-2021 with the Developer i.e. MIDC. The total area on which the activities are proposed by the co-developer is 6000 sq mtrs. a. Investment and Source of Finance:

i. Theyintendto investanamountofRs. 1795.20 lakhs into theproject as detailed<br>below:<br>Particular<br>«(Amount(RsInLane)<br>LandCost<br>342.06<br>Security Complex, Utility Building, SEZ Office (100% Indigenous)<br>161.46
Boundary Wall, Roads, store area other utilities (100% indigenous)<br>322.92<br>Building Construction<br>968.76<br>(90%indigenousand10%imported)<br>TOTAL<br>1795.20

ii. The source of finance for the said investment is as below : Particular«mount (Rs, In Lacs) From Existing Reserve & Surplus/Promoters 718.08 From Financial Institutions Pp i7.1 TOTAL p[1795.20]

  • @ As per CA Certificate dated 11.09.2019 the Net Worth of the Company is Rs.56.28 Crores.

  • b. Projection: The unit has proposed a total revenue of Rs. 1215.20 Crores with total employment of 639(including direct and indirect employment from the units in the SEZ) over a period of 5 years.

c. Reasons for change in Status from Unit to Co-developer:

215.20 Crores with total employment of 639(including direct and indirect employment from the units in the SEZ) over a period of 5 years.

c. Reasons for change in Status from Unit to Co-developer:

The unit has stated that a big contract with a German Company could not be concluded for which they had proposed to set up the unit. Now, owing to Covid-19 impact, their business is badly affected and hence they don’t foresee utilization of entire land for their own use. Hence they intend to take approval as a Co-developer, so that other units may utilize the excess space. d. Other details: i. The unit has not started their operations and they have now requested to change their status from Unit to Co-developer and have submitted an undertaking to pay back the duty benefit availed by them under SEZ Act and Rules in the capacity of unit holder once the co-developer status is approved.

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li. The unit has availed duty benefit of Rs. 38.41 lakhs on the goods worth Rs. 212.69 lakhs.

Recommendations of DC:

DC SEEPZ SEZ has recommended the proposal for grant of approval for Codeveloper status subject to surrender of benefits taken by the applicant as an unit, as applicable.

The proposal is placed before BoA for consideration.

103.9(ii) Request of M/s. Click2Cloud Technology Services India Pvt. Ltd. for codeveloper status in the multi-product SEZ in M/s. MIHAN SEZ at Nagpur, Maharashtra

The above mentioned SEZ stands notified on 29.05.2007 over an area of 1511.51

M/s. Click2Cloud Technology Services India Pvt. Ltd. (earlier known as Rgen Software Solutions (I) Pvt. Ltd.) had applied for setting up of SEZ unit at MIHAN SEZ and they were issued LoA on 8.06.2012 for Software development & consulting services at Plot No. IR, Dahegoan, Survey No. 27 (Part), MIHAN SEZ, Nagpur

The unit could not commence operation with the initial validity of LoA, the unit submitted application for extension of validity period on 31.05.2013. Accordingly, one year extension upto 07.06.2014 was granted to the unit in terms of Rule 19(4) of SEZ Rules, 2006. The unit thereafter did not submit application for extension of validity of LoA. The validity of LOA has been expired on 07.06.2014. Lease M/s. Click2Cloud Technology Services India Pvt. Ltd. has entered into Agreement to dated 30.06.2013 with MADC for setting up SEZ unit for providing IT/ITES services.

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xpired on 07.06.2014. Lease M/s. Click2Cloud Technology Services India Pvt. Ltd. has entered into Agreement to dated 30.06.2013 with MADC for setting up SEZ unit for providing IT/ITES services.

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M/s. Click2Cloud Technology Services India Pvt. Ltd. approached the MADC (Developer) of the MIHAN SEZ for change of allotted plot i.e. plot No. IR, Sector 18, in the processing area. The developer vide letter dated 10.12.2019 accepted the request and allotted the plot no. SA admeasuring 6714 sq. mtrs., sector 18.

M/s. Click2Cloud Technology Services India Pvt. Ltd. approached the MADC (Developer) of the MIHAN SEZ for changing their status from SEZ unit to SEZ — codeveloper for the said project and the developer has given their consent to set up the said project as SEZ co-developer instead of SEZ unit, vide letter dated 06.07.2020. getting Now, M/s. Click2Cloud Technology Services India Pvt. Ltd. has made application for approval as SEZ co-developer to the BoA for providing infrastructure facility such as constructed warm shell with plug and play facilities, internet facilities & Wi-Fi, common server rooms, common meeting & conference rooms, common cafeteria, common garden, power back up facilities.

Co-developer agreement dated 10.02.2021 entered into with the developer has been provided. The proposed amount of investment by the co-developer in the SEZ is Rs. 33.42

Crores.

k up facilities.

Co-developer agreement dated 10.02.2021 entered into with the developer has been provided. The proposed amount of investment by the co-developer in the SEZ is Rs. 33.42

Crores.

An Undertaking dated 10.03.2020 has also been provided by M/s. Click2Cloud Technology Services India Pvt. Ltd. undertaking that they have not procured anything under the said LoA and neither they have claimed any duty benefit nor claimed any Exemptions. They also declare that they have already applied for the cancellation of the Lease Deed to MADC for the said Plot No. 1R in Sector 1B, Mihan SEZ, Khapri, Nagpur.

Recommendation by DC, MIHAN SEZ:

The proposal of M/s. Click2Cloud Technology Services India Pvt. Ltd. as codeveloper for creation of Infrastructure facilities for Electronic Hardware & Software including Information Technology Enabled Services (IT & ITES) industries viz. constructed warm shell with plug & Play facilities, internet facilities & WiFi, Common Server Rooms, Common Meeting & Conference Rooms, Common cafeteria, common garden power back facilities etc. is submitted before the BoA for consideration.

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The proposal is placed before BoA for consideration.

103.9(iii) Request of M/s. Holistic Infra Developers Pvt. Ltd for co-developer status in the M/s. Phoenix Tech Zone Pvt. Ltd SEZ at Sy. No. 115/35, Nanakramguda Village, Serilingampally Mandal, Ranga Reddy District, Telangana for development, operation and maintenance of the SEZ and other activities

The above mentioned SEZ stands notified on 17.3.2017 over an area of 2,02 hectares. M/s. Holistic Infra Developers Pvt. Ltd has submitted a proposal for becoming a codeveloper in the aforesaid SEZ for construction of IT/ITES building and operating and maintaining the facility within the framework of SEZ in an area of 47,010 sq, ft, on the 15" Floor in Tower-B in the above SEZ.

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id SEZ for construction of IT/ITES building and operating and maintaining the facility within the framework of SEZ in an area of 47,010 sq, ft, on the 15" Floor in Tower-B in the above SEZ.

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Co-developer agreement dated 8.2.2021 entered into with the developer has been provided. The proposed amount of investment by the co-developer in the SEZ is Rs. 45 Crores. The investment shall be towards lease premium payable to the Developer for Rs. 40 Crores and also towards upgradation of infrastructure (incl. Furniture, Fittings and Toilet Fixtures etc for Rs. 5 Crores.

Recommendation by DC:

DC VSEZ has recommended the proposal

The request of the co-developer is submitted for consideration of BoA.

103.10 Request for decrease in co-developer area (two

proposals)

103.10(i) Request of M/s Harman Connected Services Corporation India Pvt Ltd, a codeveloper in Manyata Embassy Business Park SEZ (IT/ITeS Specific) for partial surrendering of the building to the Developer.

M/s Harman Connected Services Corporation India Pvt. Ltd. (formerly M/s Aditi Technologies Private Limited), is a Co-Developer, holding Letter of Approval dated 23.05.2008 for providing infrastructure facilities at Manyata Embassy Business Park SEZ, which is an IT/ITES sector specific SEZ located at Outer Ring Road, Nagvara, Bangalore. space[in] The[Manyata] above mentioned[Embassy][Business] Co-developer[Park][SEZ,] was holding[for][operation] an area[and] of[maintenance] 127,871 sq.[as] ft of[authorized] building operation. for M/s. Harman Connected Services Corporation India Pvt Ltd has submitted a proposal partial surrender of an area admeasuring 31,994 Sq. Ft. at C-4 Block, Wing A in Manyata Embassy Business Park SEZ, Nagvara, Bangalore and retaining the Co-Developer status with remaining 95,877 sq. ft. area.

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Co-developer has entered into an agreement dated 05.11.2020 with the Developer for the remaining area. The developer has granted NOC to the co-developer for the said purpose.

Recommendation by DC :

DC, CSEZ has recommended the proposal for consideration of BoA.

103.10(ii) Request of M/s Squarespace SEZ Pvt. Ltd., co-developer in M/s Phoenix Tech Zone Pvt. Ltd. IT/ITES SEZ at Sy. No. 115/35, Nanakramguda Village, Serilingampally Mandal, Ranga Reddy District, Telangana for decrease in their co-developer space.

M/s Squarespace SEZ was issued formal approval on 21.10.2020 for co-developer Status to develop, upgrade, operate and maintain an area admeasuring 24,306 sq. ft. in 11" Floor in Tower-B of M/s Phoenix Tech Zone Pvt. Ltd. SEZ for IT/ITES at Sy. No.115/35 at Nanakramguda Village, Serilingampally Mandal, Telangana on a continuous stretch of land admeasuring 2.02 hectares.

BoA in its meeting held on 27.11.2020 accorded approval for increase in space from 24,306 sq. ft. in 11" Floor, Tower-B to 92,375 sq. ft. in 14" and 15" Floors, Tower B in accordance with the amended co-developer agreement dated 06.11.2020 entered with the developer.

Now, DC, VSEZ has informed that the co-developer states that due to the current market situation, they have mutually agreed to amend the allotment of co-developer space from 92,375 sq. ft. in 14" and 15" floors in Tower B forming part of the SEZ project to 14" Floor in Tower-B admeasuring an area of 45,365 sq. ft. and executed amendment to co-

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developer agreement dated 12.02.2021. The co-developer has requested for decrease in space and the developer has endorsed the request of the co-developer.

Recommendations of DC: DC, VSEZ has recommended the proposal for placing before the BoA. 103.10 Miscellaneous proposal (one proposal)

103.10(i) Proposal of M/s. Onnsynex Ventures Pvt. Ltd. a unit located at Plot no. 23, Noida SEZ for inclusion of warehousing of Liquor and precious/semi-precious metals in its authorized operations.

service M/s Onnsynex Ventures Pvt. Ltd. was granted LOA on 11.08.2017 for warehousing (excluding liquor under Chapter heading 2203, 2204, 2205, 2206, 2207 & 2208, precious/semi-precious metals under Chapter 71 and articles of precious/semi-precious metals under other ITC (HS) Headings) against free foreign exchange. The unit commenced its production w.e.f. 10.01.2018 and the LoA of the unit is valid upto 09.01.2023. setting As informed by DC, NSEZ the proposal of M/s Onnsynex Ventures Pvt. Ltd. for held up a unit in NSEZ was initially rejected by the Approval Committee in its meeting its on 03.05.2017. The unit then filed an appeal before the Board of Approval. The BoA in meeting held on 03.07.2017 after hearing the appellant allowed the appeal excluding warehousing of liquor and precious/semi-precious metals. The Board also directed that the entrepreneur shall set up separate units for trading and warehousing.

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quor and precious/semi-precious metals. The Board also directed that the entrepreneur shall set up separate units for trading and warehousing.

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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|the|The Approval|Committee|in|its meeting held on 02.08.2017|approved|the proposal|to|
|said|extent|against|free|foreign|exchange.|The|Approval|Committee|further|decided|that|
|the|activities|of|the|warehouse|would|be|only|in|accordance|with|scope|and|extent|of Rule|
|18(5)|of|SEZ|Rules, 2006 and Instruction|no. 49.|
|The performance of|the unit in past years (in lakhs)|
|Year|FOB Value of Export|NFE Earning|
|2017-18|21.61|||0.00"|21.61|
|2018-192019-20|67.6577.11|60.4069.86|
|Total|166.37|14.50|151.87|
|As per NSDL|data,|unit|has|not made|any|exports|during|2020-21|(upto|30.09.2020).|

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| |2018-192019-20|67.6577.11|60.4069.86| |Total|166.37|14.50|151.87| |As per NSDL|data,|unit|has|not made|any|exports|during|2020-21|(upto|30.09.2020).|


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Now, the unit has submitted their request for inclusion of liquors and precious/semiprecious metals in their LoA. The proposal of the unit for inclusion of additional authorized Operations in LoA and monitoring of performance was considered by the Approval Committee in its meeting held on 04.02.2021 wherein the representatives of the unit informed that they have found interest of their clients for warehousing of liquor and precious/semiprecious metals. These clients want to import foreign liquors in bulk and then from their warehousing unit they will fulfill the FSSAI norms, respective State requirements of affixing bar codes/labels etc. and thereafter these foreign liquors will be removed to Custom bonded area/duty free shops. 

That similarly they have found interest of some international traders of bullion who 

want to setup a base in India for stocking their product (Bullion) and do Quality and purity check before further supplies/exhibiting to their international and Indian buyers as per prescribed import/export policy, this shall also offer them better control over their product and comfort for both buyers and suppliers. They are currently losing such business opportunities and subsequent forex to other countries, since they have not been accorded with the permission to warehouse "liquor" and "precious/semi precious metals".

urrently losing such business opportunities and subsequent forex to other countries, since they have not been accorded with the permission to warehouse "liquor" and "precious/semi precious metals". 

The Approval Committee observed that the Board of Approval had not accorded permission for warehousing of liquor and precious/semi-precious metals while allowing the appeal of the unit. The Approval Committee was of the view that while precious/semiprecious metals may be sensitive, liquor could be considered provided it was for exports or sales to duty free shops. 

The Approval Committee, after deliberations, unanimously decided to forward the request of the unit for consideration of inclusion of liquor in its LoA to BoA. Meanwhile, the unit requested to add supply of liquor to the bonded warehouse as well while forwarding the proposal to BoA for consideration.

## Recommendations of DC: 

DC, NSEZ has recommended the proposal of the unit for inclusion of "warehousing of liquor" only for exports or sales to duty free shops and supply of liquor to bonded warehouse as per decision of Approval Committee in its meeting dated 25.02.2021. 

The request is placed before the Board for consideration. 

KK

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