IN FORCE SEZ / EOU / FTWZ

Supplementary Agenda for the 109th meeting of the BoA for SEZs to be held on 31.03.2022

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Government of India Ministry of Commerce and Industry Department of Commerce (SEZ Section) UdyogBhawan, New Delhi Dated the 25March, 2022 vA

No. K-43022/13/2022-SEZ

Subject: 109" Meeting of the Board of Approval (BoA) for Special Economic Zones (SEZs) scheduled to be held on 31° March, 2022 at 4.00 P.M — Supplemnetary Agenda regarding.

In continuation of this department’s OM of even number dated 21° March, 2022, the undersigned is directed to enclose herewith the Supplementary Agenda for the 109" meeting of the BoA for SEZs scheduled to be held on 31" March, 2022 at 4:00 P.M. in Room no. 141, Udyog Bhwan, New Delhi for information and necessary action. The supplementary agenda has also been hosted on the website: www.sezindia.gov.in.

avenue andThe timelocal andaddressees other participantsare requested mayto attend kindly through make Videoit convenient Conferencing.to attend Atheweblimeetingforat the the samesaid | shall be shared by this Department shortly. g 4 % aan (Sumit Kumarsy han) 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).
1. Central Board of Direct Taxes, Member (IT), Department of Revenue, North Block, New Delhi. (Telefax: 23092107).
2. Joint Secretary, Ministry of Finance, Department of Financial Services, Banking Division, Jeevan Deep Building, New Delhi (Fax: 23344462/23366797).
3. Additional Secretary, Department of Promotion of Industry and Internal Trade (DPIIT), UdyogBhawan, New Delhi.

es, Banking Division, Jeevan Deep Building, New Delhi (Fax: 23344462/23366797).

Additional Secretary, Department of Promotion of Industry and Internal Trade (DPIIT), UdyogBhawan, New Delhi.
Joint Secretary, Ministry of Shipping, Transport Bhawan, New Delhi. 6. Joint Secretary (E), Ministry of Petroleum and Natural Gas, ShastriBhawan, New Delhi 7. Joint Secretary, Ministry of Agriculture, Plant Protection, KrishiBhawan, New Delhi. 8. Ministry of Science and Technology, Sc ‘G’ & Head (TDT), Technology Bhavan, Mehrauli Road, New Delhi. (Telefax: 26862512)
Joint Secretary, Department of Biotechnology, Ministry of Science and Technology, 7" Floor, Block 2, CGO Complex, Lodhi Road, New Delhi - 110 003.
Additional Secretary and Development Commissioner (Micro, Small and Medium Enterprises Scale Industry), Room No. 701, NirmanBhavan, New Delhi (Fax: 23062315).
Secretary, Department of Electronics & Information Technology, Electronics Niketan, 6, CGO Complex, New Delhi. (Fax: 24363101)
Joint Secretary (IS-I), Ministry of Home Affairs, North Block, New Delhi (Fax: 23092569)
Joint Secretary (C&W), Ministry of Defence, Fax: 23015444, South Block, New Delhi.

3 = 4 ] | ] | : | | | i | |

Joint Secretary, Ministry of Environment and Forests, PariyavaranBhavan, CGO Complex, New Delhi — 110003 (Fax: 24363577)
Joint Secretary & Legislative Counsel, Legislative Department, M/o Law & Justice, A-Wing, ShastriBhavan, New Delhi. (Tel: 23387095).

ranBhavan, CGO Complex, New Delhi — 110003 (Fax: 24363577)

Joint Secretary & Legislative Counsel, Legislative Department, M/o Law & Justice, A-Wing, ShastriBhavan, New Delhi. (Tel: 23387095).
Department of Legal Affairs (Shri Hemant Kumar, Assistant Legal Adviser), M/o Law & Justice, New Delhi.
Secretary, Department ofChemicals & Petrochemicals,ShastriBhawan, New Delhi 18. Joint Secretary, Ministry of Overseas Indian Affairs, Akbar Bhawan, Chanakyapuri, New Delhi. 19. (Fax:Chief24674140) Planner, Department of Urban Affairs, Town Country Planning Organisation, VikasBhavan (E-Block), I.P. Estate, New Delhi. (Fax: 23073678/23379197)
Director General, Director General of Foreign Trade, Department of Commerce, UdyogBhavan, New Delhi.
Director General, Export Promotion Council for EOUs/SEZs, 8G, 8" Floor, Hansalaya Building, 15, Barakhamba Road, New Delhi — 110 001 (Fax: 223329770)
Dr.RupaChanda, Professor, Indian Institute of Management, Bangalore, Bennerghata Road, Bangalore, Karnataka

loor, Hansalaya Building, 15, Barakhamba Road, New Delhi — 110 001 (Fax: 223329770)

Dr.RupaChanda, Professor, Indian Institute of Management, Bangalore, Bennerghata Road, Bangalore, Karnataka
Development Commissioner, Noida Special Economic Zone, Noida. 24. Development Commissioner, Kandla Special Economic Zone, Gandhidham. 25. Development Commissioner, Falta Special Economic Zone, Kolkata. 26. Development Commissioner, SEEPZ Special Economic Zone, Mumbai. 27.28. Development Development Commissioner, Commissioner, MadrasVisakhapatnam Special Economic Special Economic Zone, Chennai Zone, Visakhapatnam 29. 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.
Development Commissioner, Dahej Special Economic Zone, Fadia Chambers, Ashram Road, Ahmedabad, Gujarat
Development Commissioner, Navi Mumbai Special Economic Zone, SEEPZ Service Center, Central Road, Andheri (East), Mumbai — 400 096
Development Commissioner, Sterling Special Economic Zone, Sandesara Estate, AtladraPadra Road, Vadodara - 390012
Development Commissioner, Andhra Pradesh Special Economic Zone, UdyogBhawan, 9" Floor, Siripuram, Visakhapatnam — 3

ecial Economic Zone, Sandesara Estate, AtladraPadra Road, Vadodara - 390012

Development Commissioner, Andhra Pradesh Special Economic Zone, UdyogBhawan, 9" Floor, Siripuram, Visakhapatnam — 3
Development Commissioner, Reliance Jamnagar Special Economic Zone, Jamnagar, Gujarat 37. Development Commissioner, Surat Special Economic Zone, Surat, Gujarat 38. Development Commissioner, Mihan Special Economic Zone, Nagpur, Maharashtra 39.40. Development Development Commissioner, Commissioner, MangaloreSricity Special Special Economic Economic Zone, Zone, Mangalore. Andhra Pradesh. 41.Government of Andhra Pradesh, Principal Secretary and CIP, Industries and Commerce Department, A.P. Secretariat, Hyderabad — 500022. (Fax: 040-23452895).
Government of Telangana, Special Chief Secretary, Industries and Commerce Department, Telangana Secretariat Khairatabad, Hyderabad, Telangana.

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

Government of Maharashtra, Principal Secretary (Industries), Energy and Labour Department, Mumbai — 400 032.
Government of Gujarat, Principal Secretary, Industries and Mines Department Sardar Patel Bhawan, Block No. 5, 3rd Floor, Gandhinagar — 382010 (Fax: 079-23250844).
Government of West Bengal, Principal Secretary, (Commerce and Industry), IP Branch (4" Floor), SEZ Section, 4, Abanindranath Tagore Sarani (Camac Street) Kolkata — 700 016

Fax: 079-23250844).

Government of West Bengal, Principal Secretary, (Commerce and Industry), IP Branch (4" Floor), SEZ Section, 4, Abanindranath Tagore Sarani (Camac Street) Kolkata — 700 016
Government of Tamil Nadu, Principal Secretary (Industries), Fort St. George, Chennai — 600009 (Fax: 044-25370822).

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Government of Kerala, Principal Secretary (Industries), Government Secretariat, Trivandrum — 695001 (Fax: 0471-2333017).
Government of Haryana, Financial Commissioner and Principal Secretary), Department of Industries, Haryana Civil Secretariat, Chandigarh (Fax: 0172-2740526).
Government of Rajasthan, Principal Secretary (Industries), Secretariat Campus, Bhagwan Das Road, Jaipur — 302005 (0141-2227788).
Government of Uttar Pradesh, Principal Secretary, (Industries), LalBahadurShastriBhawan, Lucknow — 226001 (Fax: 0522-2238255).
Government of Punjab, Principal Secretary Department of Industry & Commerce UdyogBhawan), Sector -17, Chandigarh- 160017.
Government of Puducherry, Secretary, Department of Industries, Chief Secretariat, Puducherry.
Government of Odisha, Principal Secretary (Industries), Odisha Secretariat, Bhubaneshwar — 751001 (Fax: 0671-536819/2406299).
Government of Madhya Pradesh, Chief Secretary, (Commerce and Industry), VallabhBhavan, Bhopal (Fax: 0755-2559974)
Government of Uttarakhand, Principal Secretary, (Industries), No. 4, Subhash Road, Secretariat, Dehradun, Uttarakhand

etary, (Commerce and Industry), VallabhBhavan, Bhopal (Fax: 0755-2559974)

Government of Uttarakhand, Principal Secretary, (Industries), No. 4, Subhash Road, Secretariat, Dehradun, Uttarakhand
Government of Jharkhand (Secretary), Department of Industries Nepal House, Doranda, Ranchi — 834002.
Union Territory of Daman and Diu and Dadra Nagar Haveli, Secretary (Industries), Department of Industries, Secretariat, Moti Daman — 396220 (Fax: 0260-2230775).
Government of Nagaland, Principal Secretary, Department of Industries and Commerce), Kohima, Nagaland.
Government of Chattishgarh, Commissioner-cum-Secretary Industries, Directorate of Industries, LIC Building Campus, 2™ Floor, Pandri, Raipur, Chhattisgarh (Fax: 0771-2583651). Copy to: PPS to CS/ PPS to AS (AY) / PPS to JS (VB)/ PPS to Dir(SNS).

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(VB)/ PPS to Dir(SNS).

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Supplementary Agenda for the 109" meeting of the Board of Approval for Special Economic Zones to be held on 31 March, 2022 109.8(i) 109.8 Request for extension of LoA of the Developers (four proposals) period ofProposalformal of M/s.approval,PhoenixgrantedSpacesfor Pvt.settingLimitedup offor IT/ITESfurther extensionSEZ at ofSy. theNo.validity285, Puppalaguda Village, Rajendra Nagar Mandal, Ranga Reddy District, Telangana beyond 30.03.2022. Date of LoA : 31.03.2017 LoA valid upto : 30.03.2022 Extensions granted earlier _: The developer has been granted two extensions. Extension sought : The developer has requested for further extension upto 30.03.2024. The SEZ stands notified over an area of 5.77 Ha as on date.

Present Progress:

a. Details of Business plan:

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----- Start of picture text ----- SI.No. [Type of cost Proposed investment (Rs. in crores) ----- End of picture text -----

b. Incremental investment made so far and incremental investment since last extension:

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----- Start of picture text ----- S.No. [Type of cost Total investment made so/Incremental _ investment far (Rs. in Crores) uptojsince last extension (Rs. i 31.12.2021 crores) 458.86 255.86 ----- End of picture text -----

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----- Start of picture text ----- c. Details of physical progress till date:- S.No. [Activity % completion |% completion|Deadline for completion during last oneof balance work ear 1 Project 45 16 30.03.2024 development ----- End of picture text -----

Detailed reasons for delay: The reasons behind is the delay/uncertainty in the supply chain of construction material, unavailability of skilled labour ete due to the spread of Covid-19. Further, due to heavy rainfall submerging all the part of Puppalguda Village, the rain water entered into the excavated project area and damaged some important construction materials.

Recommendation by DC, VSEZ:

DC, VSEZ has recommended the request of extension of LoA for a period upto 30.03.2023.

109.8(ii) Proposal of M/s. Phoenix Ventures Pvt. Limited for further extension of the validity period of formal approval, granted for setting up of IT/ITES SEZ at Sy. No. 35 (P) & 36,

Gachibowli Village, Serilingampally Mandal, Ranga Reddy District, Telangana beyond

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30.03.2022.

Date of LoA : 26.04.2017 LoA valid upto : 30.03.2022 Extensions granted earlier : The developer has been granted two extensions. Extension sought : The developer has requested for further extension upto 30.03.2024. The SEZ stands notified over an area of 3.60 Ha as on date.

Present Progress: a. Details of Business plan:

Proposed investment (Rs. In crores) 512.00

b. Incremental investment made so far and incremental investment since last extension:

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----- Start of picture text ----- S.No. |Type of cost Total investment made soIncremental investment far (Rs. in Crores) uptojsince last extension (Rs. i 31.12.2021 crores) 177.92 107.10 c. Details of physical progress till date:- S.No. |Activity % % completion|Deadline for completio completion j|during last oneof balance work year L. Project 40 25 30.03.2024 development ----- End of picture text -----

Detailed reasons for delay: The reasons behind is the delay/uncertainty in the supply chain of construction material, unavailability of skilled labour etc. due to Covid-19 pandemic. Due to highest rainfall in Hyderabad, some important construction equipments were damaged. Recommendation by DC, VSEZ:

DC, VSEZ has recommended the request of extension of LoA for a period upto 30.03.2023.

109.8(iii) Proposal of M/s. Phoenix Tech Zone Pvt. Limited for further extension of the validity period of formal approval, granted for setting up of IT/ITES SEZ at Sy. No. 203 (P), Manikonda Village, Rajendra Nagar Mandal, Ranga Reddy District, Telangana beyond 16.02.2022.

Date of LoA : 17.02.2017 LoA valid upto : 16.02.2022 Extensions granted earlier : The developer has been granted two extensions. Extension sought : The developer has requested for further extension upto 31.12.2022.

The SEZ stands notified over an area of 2.02 Ha as on date.

Present Progress:

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a. Details of Business plan:

Proposed investment (Rs. in crores)

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----- Start of picture text ----- b. Incremental investment made so far and incremental investment since last extension: S.No. |Type of cost Totalfar (Rs. investmentin Crores) madeupto|since sojIncrementallast extensioninvestment(Rs. i 31.12.2021 crores) 308.77 c. Details of physical progress till date:- S.No. |Activity % % completion|Deadline for completio completion |during last oneof balance work year 1. Project 75 30 31.12.2022 development ----- End of picture text -----

Detailed reasons for delay: The Phase 1 was completed; Basic structure of Phase 2 was also completed. The delay in the project happened due to Covid-19 and national lockdown which effected the non-availability of labour at working place. Due to the spread of Covid-19, the Nation was kept under lockdown and due to the fear of pandemic situation prevailing around all the labourers vacated the work place and gone to their native places which also resulted in making the work come to a stand still. Post lockdown it took long time to resume to normalcy and apart from this the supply chain of raw material was totally disturbed which also resulted in the delay of the scheduled progress of the project. Rs. 560 crores was spent so far in achieving the 75% of the total proposed project leaving 25% of balance works which are projected to be completed by 31* December, 2022.

led progress of the project. Rs. 560 crores was spent so far in achieving the 75% of the total proposed project leaving 25% of balance works which are projected to be completed by 31* December, 2022. The reasons for the escalation of the project cost is due to the increase supply chain, management cost, pandemic situation and heavy rains.

Recommendation by DC, VSEZ:

DC, VSEZ has recommended the request of extension of LoA for a period upto 31.12.2022.

109.8(iv) |Request of M/s. Manipur IT SEZ Project Development Company Limited (MIPDCO) for extension of validity of approval granted on 29.10.2013 for setting up of IT/ITES SEZ beyond 29.10.2021.

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|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|Name|of|the|developer|:|M/s|Manipur|IT|SEZ|Project|Development|Company|
|(MIPDCO)|
|Sector|E|ITATES|
|Date|of LoA|:|29.10.2013|
|Date|of notification|of SEZ|:|26.02.2014|

----- End of picture text -----

Validity of extension last expired on

expired on : 29.10.2021 The developer in their application has requested for an extension upto

Request ; 29.10.2026.

Present progress:

As regards steps taken for implementation of the project, the developer had informed that : 1. Building 1 within the processing zone- Structure has been constructed and finishing work is in progress. Calls for Expression of Interest (EoI) were received from 4 parties, with 3 considered eligible. Request for proposals for the same are under process and they plan to set up a 1000-seater Business Process Outsourcing (BPO) unit.

Default Operations —

A. Approach road having a standard 4 lane road with central median (width of 2.0 mts) along with a provision of footpath and drain from the National Highway to the IT-SEZ main campus at Mantripukhri, Imphal is also under construction.
B. Residential Complex within the NPA — After the completion of the Eol and RFP process, a bidder has been selected for the construction and operation of the residential complex which will have over 160 dwellings. This will support the processing zone by providing high quality Metropolitan-level residential units for people relocating from other states and cities. The Letter of Award has been issued.
C. Other buildings in the NPA — Call for expression of Interest have been issued and are currently being received for the following —
e 83,000 sq. ft. Hotel
e 67,000 sq.ft. Hospital (approx. 75 beds)
e 17,000 sq. ft. recreation and cultural centre

t have been issued and are currently being received for the following —

e 83,000 sq. ft. Hotel
e 67,000 sq.ft. Hospital (approx. 75 beds)
e 17,000 sq. ft. recreation and cultural centre

Further, it has been envisaged that the construction of the 1° building of IT/SEZ at Mantripukhri and the approach road will be completed at the same time. The proposed time frame for completion of the project is 29.10.2026.

Reasons for seeking extension:

i. The IT SEZ project was approved for funding by the Department of Economic Affairs with a project cost of Rs.418 cr and was posed for funding to the World Bank. The World Bank is currently evaluating the project where multiple discussions have taken place with all stakeholders. Including Conversations with International Venture Capital Organizations focusing on the Developing World. After various discussions with World Bank and its associated agencies, the concept of Skilling, Entrepreneurship Development and creation of Incubation facilities to accelerate the creation of a viable IT Ecosystem and is now being actively followed by all the stakeholders. There has been advanced talks with International Companies focusing on capital injection and building of Talent Pool in the local community. The concept approval by World Bank is expected to be conveyed by February, 2022.
ii. A MoU has been signed with Tata Technologies for setting up a Centre for Invention, Innovation, Incubation and Training (CIIIT), investing Rs.200 cr. with a floor space of 20,000 sq.ft. The purpose of this center is to create Industry ready people with rapid

upskilling of semi —skilled workers through exposure to and training in the best industry technology in the IT/ITES sector. Construction work for this building to begin shortly.

ith rapid

upskilling of semi —skilled workers through exposure to and training in the best industry technology in the IT/ITES sector. Construction work for this building to begin shortly.

ii. A 10,000 sq. ft. building is being constructed by the Govt. of Manipur for setting up of Manipur Technology Innovation Hub (MTI-Hub). The implementing and knowledge partner will be Kalinga Institute of Information Technology -Technology Business Incubator with IIIT Manipur and Manipur Institute of Technology as stakeholders. A MoU has already been signed accordingly.

The Board of Approval in its 108" meeting held on 27.01.2022 directed that the matter be put up in the next BoA after a site inspection. Site inspection was carried out on 17-18" March, 2022 with a team comprising of DC, FSEZ; DDC/ADC, FSEZ, Kolkata; Director IT Manipur & MD CCML, IT officer Manipur, Assistant Architect CCML, AE(Civil), Accounts Officer of CCML and Customs Officers. The details/ findings are as follows:

DDC/ADC, FSEZ, Kolkata; Director IT Manipur & MD CCML, IT officer Manipur, Assistant Architect CCML, AE(Civil), Accounts Officer of CCML and Customs Officers. The details/ findings are as follows:

|Part I|(a) Construction work on building 1, began by the Manipur Police Housing}|
|---|---|
||Corporation in the year September, 2021 and shall endby May, 2022.|
|Processing Area|—_|(b) The Government of Manipur shared the RFP, bidders identified throug|
||Eol for maintenance through operations and set up on 1000 seater BPO/cal|
||centre unit. Seeking funds from World Bank forOverall developments.|
||(c) The Government of Manipur is determined to make the first of its kind|
||ITSEZ in theNorth Eastern States. Approval has lapsedon29.10.2021.|
||(d) Developments towards zone are approach road, 4 lane with footpath and|
||drainagefrom theNH to the IT Zone at Mantripuri under construction.|
||(e) Building<br>1 internal False Ceiling Works (framework fixation) etc.

rds zone are approach road, 4 lane with footpath and|
||drainagefrom theNH to the IT Zone at Mantripuri under construction.|
||(e) Building<br>1 internal False Ceiling Works (framework fixation) etc. unde|
||progress.|
||(f) Building1 all floors (G+5) wall puttyworks underprogress.<br>(g)Building | all floors (G+5S)AC/pipingandplumbing worksunderprogress.<br>(h) Building<br>1<br>all floors (G+5) Electrical wiring/equipment works unde|
||progress.|
||(i) Building1 all floors (G+5)CCTV installations and Optic Fibre cable laying!<br>works under progress.|
||(j) Building 1 all floors (G+5) three sides (rear left and right) ofthe building|
||glass fixing works completed.|
||(k) Otherthanbuild up area foroverall development worksunderprogress.|
||(1) Basement underground water storage tank capacity of40000 litres work|
||fullycompleted.|
||(m) Renovation of boundary wall as per specifications in SEZ Act and the|
||epair and damagework under progress.|
|Part IT|a.<br>Residential complex construction works approval issued.|
||b.<br>EOI for cultural and creational centre re-floated.|
|INon-processing|c.<br>EOI forthebuilding operation and maintenance floated.|
|Area|d.<br>Five Star Hotel, Multi Speciality Hospital tenders invited.|
||e. MoU with M/s TataTech fordevelopment centre forInvention,|
||Innovation and Training (CIIIT)|
||f.<br>MoU with KIIT Bhubaneshwar fordevelopment ofMTI Hub for|
||promotion ofentrepreneurs, basement civil structureon top metallic|
||framestructuresmade.|

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IIT Bhubaneshwar fordevelopment ofMTI Hub for| ||promotion ofentrepreneurs, basement civil structureon top metallic| ||framestructuresmade.|




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## Recommendation by DC, FSEZ : 

5 

Joint Inspection of the IT/ITES SEZ, Manipur was carried during 17-18" March, 2022 and progress of activities seems noteworthy. Request for extension of validity may be considered for further period of two years i.e. upto 28.10.2023. 

109.9 Request for extension of LoA of the units (one proposal) 

- e As per Rule 18(1) of the SEZ Rules, the Approval Committee may approve or reject a proposal for setting up of Unit in a Special Economic Zone. 

- ¢ Cases for consideration of extension of Letter of Approval i-r.o units in SEZs are governed e by Rule 19(4) of SEZ Rules. Rule 19(4) states that LoA shall be valid for one year. First Proviso grants power to DCs for extending the LoA for a period not exceeding 2 years. Second Proviso grants further power to DCs for extending the LoA for one more year subject to the condition that two-thirds of activities including construction, relating to the setting up of the Unit is complete and a Chartered Engineer’s certificate to this effect is submitted by the entrepreneur. 

- e Extensions beyond 3” year (in cases where two-third activities are not complete) and onwards are granted by BoA. 

- ¢ BoA can extend the validity for a period ofone year at a time. e There is no time limit up to which the Board can extend the validity. 

109.9(i) Request of M/s. Algolog Systems Pvt. Ltd., a unit in Ansal IT City & Parks Ltd., IT/ITES SEZ at Plot No. TZ-06, Tech Zone, Greater Noida (U.P.) for extension of Letter of

d the validity. 

109.9(i) Request of M/s. Algolog Systems Pvt. Ltd., a unit in Ansal IT City & Parks Ltd., IT/ITES SEZ at Plot No. TZ-06, Tech Zone, Greater Noida (U.P.) for extension of Letter of 

Approval (LOA) for a further period of one year i.e. upto 31.03.2023. LOA issued on : 26.10.2015 Nature of Business of the unit ‘Software Development. No. of Extensions : The unit has been granted first extension upto 25.10.2020 by the BoA in its meeting held on 04.10.2019. The unit was granted 2™ extension upto 25.10.2021 by the BoA in its meeting held on 06.01.2021. The third extension upto 31.03.2022 was given to the unit by the BoA in its meeting held on 25.11.2021. 

| | | | | | | | | 

LOA valid upto : 31.03.2022

## :Unit has requested for extension upto 31.03.2023.

## a. Details of business plan:Other Overheads a a 

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**----- Start of picture text -----**<br>
Proposed Investment (Rs. in cr)<br>**----- End of picture text -----**<br>


b. Investment made so far & incremental investment since last extension: 

S. Type of Cost Total Investment made Incremental investment since No. so far (Rs. In cr) last extension (Rs. in cr) 

6 

```text
|1|{Land Cost||1.18|||.||
|---|---|---|---|---|---|---|---|
|2|{Material||1.15|||0.0935||
||Procurement|||||||
|[4<br>other Overheads<br>a||||||TOS<br>0.0056<br>01416||
|c.|Details ofPhysical|progress till date:-||||||
|S. | Authorised<br>No. | activity|||“ completion|% completion during <br>ason date<br>lastoneyear|||| Deadline<br>completion|for<br>of|
|||||||balance work||
|1|{Land takenon lease||Done||Done|Within5 years ofdateof||
||and registration|||||issue ofsanctionbyGr.|Gr.|
|||||||Noida, dt. 03.01.2019||
|2||Appointment of||Done||Done|||
||architect|||||||
|3||Submission and||Done||Done|||
||approval drawings|||||||
|4|{Appointment of||Done||Done|||
||construction agency|||||||
|5||Completion of<br>construction|1.|Raft<br>Foundation|1.|Front retention<br>wall 80%||Within 5 years ofdateof<br>issueofsanctionby Gr.||
||||(100%)||completed.|Noida, dt 03.01.2019.||
|||2.|Front|2.|Two side|||
||||retention||retention walls|||
||||wall 80%||70% completed.|||
||||completed.|||||
|||||3.|Rear retention|||
|||3.|Two side||wall 20%|||
||||retention||completed.|||
||||walls 70%|||||
||||||Panel room, fire|||
|||4.|Rear||tankroom, Pump|||

0%||70% completed.|||
||||completed.|||||
|||||3.|Rear retention|||
|||3.|Two side||wall 20%|||
||||retention||completed.|||
||||walls 70%|||||
||||||Panel room, fire|||
|||4.|Rear||tankroom, Pump|||
||||retention||room and lift|||
||||wall 20%||room has been|||
||||completed.||completed.|||
|||5.|Walls of|5.|Levelingand|||
||||Electric||fillingofthe pits|||
||||Panel room,||around the|||
||||fire tank||retention walls is|||
||||room, Pump||done.|||
||||room and|||||
||||lift room has|||||
||||been|||||
||||completed.|||||
|||6.|Leveling|||||
||||and filling|||||
||||ofthe pits|||||
||||aroundthe|||||

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----- Start of picture text ----- retention walls is done. Installation of The project The projection building Machinery building is under is under construction. 7 |Trial construction. Production Commercial Production & ialexport ----- End of picture text -----

Project Implementation schedule.

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----- Start of picture text ----- e Infrastructure for parking roof and two floors of the building likely to be completed in Sept-Oct2022. ¢ Soon after the completion of the second floor installation of the machinery will be carried out and work is likely to be started in Oct.2022. e Simultaneously construction of the other floors will continue. e Likely trial production Oct.2022. e Likely commercial production Oct.2022. e Likely export orders Oct.2022. ----- End of picture text -----

Detailed reasons for delay:-

a. Lockdown restrictions imposed by Central/State Govt. due to Covid-19.
b. Unavailability of vendors/suppliers, due to which, material required for construction could not be procured.

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c. Ban on construction and demolition activities in the months of November and December imposed by the NGT due to Supreme Court orders to improve the deteriorating air quality.

The Unit has further said that inspite of the above difficulties, company has done a considerable progress in the construction of the project. At present, the retention walls and pillars are likely to be completed within a week and after that they will start the construction of the slabs of parking area and surrounding roads. This means great hurdle in the construction of building will be over.

Recommendation by DC:

DC, Noida SEZ has recommended the extension of LOA for a further period of one year i.e. upto 31.03.2023. The request is placed before BOA for its consideration.

109.10 Requests for co-developer (two proposals)

109.10(i) Request of M/s. Lighthouse Info Systems Pvt. Ltd. for co-developer status in Maharashtra Airport Development Company Ltd. at Mihan, Nagpur.

M/s Maharashtra Airport Development Company Ltd. Multi Sector SEZ was granted LoA on 31.08.2005 and stands notified over an area 1578.41 hectare.

M/s. Lighthouse Info Systems Pvt. Ltd. has submitted a proposal for becoming a codeveloper in the aforesaid SEZ for construction of building for IT/ITES and other manufacturing and services units with allies and associated infrastructure facilities and services as may be required for unkeep, maintenance and repair of common area facilities at site including security, fire, protection system, water treatment, storm drainage & sewage disposal, HVAC Systems, landscaping & water bodies, housekeeping services, transport, PMC services, access control & monitoring, road network, commercial or industrial construction, advertising & marketing and other consultancy services and undertaking other authorized operations as per Instruction no. 50 dated 15.03.2010 issued by MoC&I over an area of 12140 sq. Mtrs.

The Co-developer agreement dated 28" December, 2021 entered with the developer has been submitted. The net worth of the proposed co-developer is Rs.133 cr and they propose an investment of Rs.24.8 crores.

Recommendation by DC:

DC, MIHAN SEZ has recommended the proposal.

109.10(ii) Request of M/s. P-One Techpark Pvt. Ltd. for approval as a Co-developer on land admeasuring 223.560 Ha at MIDC IT/ITES SEZ at Rajiv Gandhi Infotech Park, Hinjewadi, Phase-III, Pune.

M/s Maharashtra Industrial Development Corporation (MIDC) has set-up an IT/ITES SEZ at Hinjewadi, Phase-III, Pune over an area of 223.56 Ha notified on 07.06.2007.

M/s. P-One Techpark Pvt. Ltd. has submitted a proposal for becoming co-developer in the aforesaid SEZ for undertaking Power Distribution Business along with related allied services including Power Purchase, setting up of sub-station and related infrastructure in MIDC IT/ITES SEZ area and undertaking other default authorised operations as per MOC&I Instruction No. 50 dated 15.03.2010.

The developer has entered into a Co-developer agreement on 03.03.2022 with the developer. The net worth of the proposed co-developer is Rs.116.13 cr and they have proposed an investment of Rs.67.46 cr.

Recommendation by DC, SEEPZ:

DC, SEEPZ-SEZ has recommended the proposal for grant of Co-developer status to M/s. P- One Techpark Pvt. Ltd.

Item No. 109.11 : Requests for extension of validity of in-principle approval (three proposals)

Rule 6 (2)(b) of SEZ Rules, 2006 states that “Zhe letter of approval of a Developer granted under clause (b) of sub-rule (1) shall be valid for a period of one year within which time, the Developer shall submit suitable proposalfor formal approval in Form A as prescribed under the provisions ofrule 3:

Provided that the Board may, on an application by the Developer, for reasons to be recorded in writing, extend the validity period: Provided further that the Developer shall submit the application in Form C2 to the concerned Development Commissioner, as specified in Annexure III, who, within a period offifteen days, shall forward it to the Board with his recommendations."

109.11(i) Request of M/s. NDR Infrastructure Private Ltd., Chennai, for extension of validity period of in-principle approval granted for setting up of a Multi-Sector SEZ at Soorai Village & Aayal Village, Sholingar Taluk, Ranipet Dist., TN beyond 07.06.2022.

nnai, for extension of validity period of in-principle approval granted for setting up of a Multi-Sector SEZ at Soorai Village & Aayal Village, Sholingar Taluk, Ranipet Dist., TN beyond 07.06.2022.

M/s. NDR Infrastructure Private Ltd., Chennai was granted "In-Principle" Approval for setting up of "Multi-Sector SEZ" at Soorai Village & Aayal Village, Sholingar Taluk, Ranipet Dist., Tamil Nadu vide LoA dated 08.06.2021. At the time of their application, they were in possession of 32.37 Hectares [80 acres] of land out of their total proposed 50.58 Hectares for setting up of their Multi Sector SEZ. The applicant sought time of 9 to 12 months for acquiring the remaining lands to fulfil the minimum requirement of land for grant of Formal Approval. The in-principle approval is valid upto 07.06.2022.

In their application for extension of validity for a further period of one year, the developer has stated that after the issuance of "In-Principle" Approval, they acquired additional lands i.e. nearly 25 acres whereas at the time of their application, they were in possession of 80 acres only. With the above additional lands, the applicant is presently, in possession of land, totalling 42.175 Hectares (104.21 acres). However, due to Covid pandemic which was quite prevalent in the Ranipet District where their proposed Multi-sector SEZ is coming up, they were unable to complete the same before the present validity period. Further, they have expressed their confident in acquiring

District where their proposed Multi-sector SEZ is coming up, they were unable to complete the same before the present validity period. Further, they have expressed their confident in acquiring

the remaining lands to fulfil the minimum area required for grant of Formal Approval, at the earliest.

Recommendation by DC, MEPZ SEZ:

DC MEPZ has recommended the proposal for extension of validity of in-principle approval granted to the developer.

109.11(ii) Request of M/s. Magnus Infrastructure Ltd. for extension of validity period of InPrinciple Approval granted for setting up of a Multi-Sector SEZ at Neidavoyal Village, Ponneri Taluk, Thiruvallur District, TN, beyond 07.06.2022.

M/s. Magnus Infrastructure Ltd. was granted In-Principle Approval for setting up of "MultiSector SEZ" at Neidavoyal Village, Ponneri Taluk, Thiruvallur Dist., Tamil Nadu vide LoA dated 08.06.2021. At the time of their application, they were in possession of 22.26 Hectares [55 acres] of land out of their total proposed 50.58 Hectares for setting up of their Multi Sector SEZ. The applicant sought time of 9 to 12 months for acquiring the remaining lands to fulfil the minimum requirement of land for grant of Formal Approval. The in-principle approval is valid upto 07.06.2022. has In their application for extension of validity for a further period of one year, the developer stated that due to upcoming projects like Cement, Fertilizers & Petro chemicals, around their proposed Multi Sector SEZ, the cost of lands increased substantially high. To conclude the purchase with a reasonable price, the developer is under negotiation with many land owners, for which it may take few more months. It is also mentioned that due to Covid pandemic, they were unable to complete the same before the present validity period.

er negotiation with many land owners, for which it may take few more months. It is also mentioned that due to Covid pandemic, they were unable to complete the same before the present validity period. However, it is stated that they are confident in acquiring the required remaining land in another 6 months.

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Recommendation by DC, MEPZ SEZ:

DC MEPZ has recommended the proposal for extension of validity of in-principle approval granted to the developer.

109.11 (iii) Request of M/s. NDR Infrastructure Private Limited for extension of validity period of In-Principle Approval granted for setting up of a Free Trade and Warehousing Zone at Villages Palasdhari and Talavalu, Taluka Karjat, District Raigad, Maharashtra beyond 16.12.2021.

M/s. NDR Infrastructure Private Limited was granted In-Principle Approval for setting up of a Free Trade and Warehousing Zone at Villages Palasdhari and Talavalu, Taluka Karjat, District Raigad, Maharashtra vide LoA dated 16.12.2020. The in-principle approval was valid upto 16.12.2021.

As against 50.98 Ha of land proposed for FTWZ, so far, the developer has been able to acquire land totalling 42.43 Ha (104.85 acres) of land during this period and still they have to acquire lands as required for contiguity and as required in terms of the SEZ Act and Rules. Inspite of their best efforts, they are not able to meet and continue the dialogue with the land owners/land brokers of remaining land because of Covid pandemic land is in quire prevalent in this part of their

dle

state. The acquisition of remaining land is in progress. However, now, they are confident that they will be able to acquire the required remaining land early.

revalent in this part of their

dle

state. The acquisition of remaining land is in progress. However, now, they are confident that they will be able to acquire the required remaining land early.

DC has informed that in the meanwhile, they have to step up their project office in Mumbai and developed the detailed DPR of the project and approaching the Financial Institution for funding of the project. The consultants for the project facility and the rail siding facility have been appointed. They will apply for necessary permission and prepare the lay out and construction plan for the proposed activities in FTWZ, after obtaining remaining land and thereafter firm-up the financial arrangements for the project. They assure that they will comply with all the stipulations while developing their project.

Recommendation by DC, SEEPZ SEZ:

DC, SEEPZ has recommended the proposal for extension of validity of in-principle approval granted to the developer.

109.12 Miscellaneous proposal (two proposals)

109.12(i) Request of M/s. Nhava Sheva Business Park Pvt. Ltd. (Co-developer) for increase in area from the approved area of 17.97 Ha to 34.68 Ha at JNPT SEZ (Developer)Nhava Sheva, Navi Mumbai.

for M/s. Nhava Sheva Business Park Pvt. Ltd. was granted co-developer status on 02.08.2019 providing infrastructure facilities i.e. modular warehouses container yard, office complex, open space, roads, operations, leasing of project infrastructure and supply of utilities over an area of 17.97 Ha. The Co-Developer has executed the Bond-cum-Legal Undertaking and the same has been accepted on 05.03.2020. Hindustan Infralog Pvt. Ltd. (HIPL) is a parent company of Nhava Sheva business Pvt Ltd which is a joint venture of DP world (65% investment) and National Investment & Infrastructure Fund (35% investment).

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The Nhava Sheva Business Park Pvt. Ltd. as per the LOI of Developer dated 30.08.2021 are now seeking increase in area under the same Co-Developer Approval as there is likely an increase in demand in future for FTWZ facilities at the said SEZ.

The earlier LOA granted to them in 2019 is for an area of 17.97 Ha. and they have been allotted additional area of 16.71 Ha by the Developer, JNPT vide said LOI after following the due tender process. They have received a LOI from the Developer, JNPT for proposed additional location in the name of their parent company.

by the Developer, JNPT vide said LOI after following the due tender process. They have received a LOI from the Developer, JNPT for proposed additional location in the name of their parent company.

Further vide letter dated 10.03.2022, the Co-Developer has also conveyed that the agreement is for taking additional land admeasuring area of 16.71 ha on long lease of 60 years from JNPT adjacent to their existing FTWZ land of 17.97 Ha inside the JNPT-SEZ which becomes total area of 34.68 Ha for M/s. Nhava Sheva Business Park Pvt. Ltd. FTWZ.

The Co-developer agreement in respect of the additional area between JNPT (Developer) and M/s. Nhava Sheva Business Park Pvt. Ltd.(Co-developer) has been entered into on 08.03.2022.

Recommendation by DC, SEEPZ SEZ:-

The request of M/s. Nhava Sheva Business Park Pvt. Ltd. for increase in area from the approved area of 17.97 Ha to 34.68 Ha at JNPT SEZ (Developer) Nhava Sheva, Navi Mumbai is recommended to the Board for consideration.

109.12(ii) Request of KASEZ Industries Association and similar associations for renewal of the LoA granted to the plastic recycling units for a five-year term.

The policy for plastic recycling units in SEZs & EoUs was formulated in consultation with all concerned stakeholders and issued on 27.05.2021. The policy stipulates that extension’/renewal of LOA of existing units would be considered by the BoA for a period of 18 months as per notification dated 27.01.2021 issued by MoEF&CC as well as the conditions as laid down by the MoEF&CC. The above condition that the present permission to import the raw material is only for 18 months would be declared upfront so that the existing units may seek extension/renewal factoring in this condition into their business proposal. Such renewal shall also be subject to the condition that the units shall comply with obligations under other legislations as well as compliance with payment of penalty. if any imposed by competent authority under any statute.

ubject to the condition that the units shall comply with obligations under other legislations as well as compliance with payment of penalty. if any imposed by competent authority under any statute.

KASEZIA vide their various representations stated that currently LoAs of plastic recycling units in SEZs have been renewed only for a period of 18 months and this short-term renewal is creating operational problems and they are not able to operate their units. Industry is suffering from short term renewals of LoAs since last two years and due to erratic and short renewals of LoAs, units in last two years have lost hundreds of crores in paying staff salaries, minimum power bills, bank interest. term loan liabilities and SEZ lease rents.

Since the representation of KASEZIA was based on the interpretation of the notification dated 27.01.2021 issued by the MoEF&CC, vide DoC’s OM dated 10.09.2021, MoEF&CC was requested to furnish their opinion on the matter and clarify whether LoA of such plastic recycling units may be extended for 5 years subject to the fulfilment of restrictions’prohibitions/any other rules/regulations imposed by MoEF&CC from time to time on import of plastic waste/scrap by SEZ/EoU units.

e extended for 5 years subject to the fulfilment of restrictions’prohibitions/any other rules/regulations imposed by MoEF&CC from time to time on import of plastic waste/scrap by SEZ/EoU units.

In response, vide OM dated 21.09.2021, MoEF&CC clarified that as per the amended notification dated 27.01.2021 and clarification sent by them vide OM dated 02.03.2021 , it is clear that import of 'post-industrial or pre-consumer polyethylene wastes’ and Tolyrnethyl Methacrylate’ by SEZ and EOU units would not be affected after 18 months from the date of notification. However, the percentage of export obligation may be decided after review/audit undertaken as mentioned in amended notification. Moreover, LoA of such Plastic Recycling units may be extended for 5 years’ subject to the fulfilment of restrictions’ prohibitions’ any other rules/ regulations imposed by MoEF&CC from time to time on import of plastic waste/scrap by SEZ/EOU units .

The matter was deliberated during the 106" meeting of the BoA held on 07.10.2021, and the representatives of the DoR confirmed that the existing revised policy would require that plastic recycling units would have to be assessed for their performance with respect to export obligation as well as other conditions at the end of 18 months from the said notification and only based on satisfactory outcome of such assessment, further extension could be considered for such units. The Board, concluded that considering any extension beyond 18 months would be pre-mature at this juncture.

ory outcome of such assessment, further extension could be considered for such units. The Board, concluded that considering any extension beyond 18 months would be pre-mature at this juncture.

In light of the demand for interpretation and clarity. DoC vide OM dated 12.11.2021 requested all concerned stakeholders for their comments’opinion on the policy guidelines issued on 27.05.2021 so that the matter may further be deliberated upon. In response. comments received from the concerned stakeholders are as follows:

Noida SEZ : The unit has vehemently urged to enhance their LOA period to five years, to bring out a semblance of certainty in their manufacturing sector. In addition, the amendment will ensure that the plastic policy for recycling units will be non-discriminatory and on the lines of the other policies, as also on the lines of the previous plastic policy for recycling units.

Recommendations by DC:

Recommendations by DC: In view of the clarification made by MoEF&CC on 21.09.2021, DoC may deliberate on amending its plastic recycling policy dated 27.05.2021.

Falta SEZ |: If the extension/renewal of LoA for a period of 18 months is continued, the effective period of LoA for the units will only be 12 months. The earlier non-operational units would require at least 3 months’ time to bring the imported material from the foreign importers to the units in Falta SEZ. They are required to find importers, vessels and then containers to bring the material to their unit in this post covid situation. If the 5-year extension is not granted, the units will have to stop importing the material at least in the 14th/15th month, because after the 18th month, once the LoA expires, they will neither be able to export not sale their finished products in DTA.

Recommendations by DC: If5-year extension/ renewal is given to the unit, then LoA can be issued again with this rider subject to MoEF&CC notification dated 27.01.2021. Whenever. MoEF&CC issues any change in the Hazardous and other Wastes (Management and Transboundary Movement) Amendment Rules, 2021, it will be applicable to-to to the units. Thus, there appears to be no such restriction on DoC for not extending/renewing the LoA for five years.

and Transboundary Movement) Amendment Rules, 2021, it will be applicable to-to to the units. Thus, there appears to be no such restriction on DoC for not extending/renewing the LoA for five years.

Kandla SEZ :They are unable to negotiate strongly for export orders; non availability of financial assistance and credit limits of the bank; reluctance on the part of Shipping lines for early availability of containers; uncertainity in the employment environment as the scarce skilled-labour becomes easier with a longer duration of the LoA.

Recommendations by DC: This office primarily agrees that the normal duration of LoA’s of 5 years, if granted to plastic recycling units, will provide a stable and certain business environment which will make these units financially and operationally more viable to function, however, it should be done with the conditions on import as stipulated by MoEF&CC and the export obligation as determined by the DoC as announced in their policy dated 27.05.2021 along with any change to the existing or any new condition set forth by MoEF&CC and DoC.

Granting of renewal of LoAs to the plastic recycling units for a five year term will also have a positive socio-economic bearing on the lives of about 5000 unskilled work force which are currently employed in this industry in terms of social and financial security and quality of life of these families.

Taking a holistic view and also considering all the facts and circumstances, recommend enhancement of LoAs period for a full duration of 5 years subject to the following conditions:

es.

Taking a holistic view and also considering all the facts and circumstances, recommend enhancement of LoAs period for a full duration of 5 years subject to the following conditions:

e The product specifications and conditions, as stipulated by MoEF must be adhered to in totality and also mentioned in the LoAs as one of the conditions.
e The export obligation as stipulated by DoC must be met.

e This will also be subject to the outcome of the decision of the Hon’ble courts, if any, in the matter. MoEF&CC _ : MoEF&CC vide their OM dated 30.12.2021 has reiterated that as per the amended notification dated 27.01.2021 and clarification sent by the Ministry vide OM dated 02.03.2021, it is clear that import of ‘post-industrial or pre-consumer polyethylene wastes’ and *Polymethyl Methacrylate’ by SEZ and EoU units would not be affected after 18 months from the date of notification. However, the percentage of export obligation may be decided after review/audit undertaken as per amended notification. That LoA of such plastic recycling units may be extended for 5 years subject to the fulfilment of restrictions’prohibitions/any other rules/regulations imposed by MoEF&CC from time to time on import of plastic waste/scrap by SEZ/EoU units.

ay be extended for 5 years subject to the fulfilment of restrictions’prohibitions/any other rules/regulations imposed by MoEF&CC from time to time on import of plastic waste/scrap by SEZ/EoU units.

DGEP : DGEP vide their OM dated 06.01.2022 referred to their earlier communication dated 16.03.2021 wherein CBIC had conveyed their no objection to the draft policy with their observations and stated that policy guidelines dated 27.05.2021 has not considered the views/suggestions communicated by DoR. However, the observations do not seem to hit the core issue mentioned above and are as follows : a) Suggestion by MoT on misuse of clandestinely clearing unmutilated worn clothing in the disguise of mutilated form needs to be prevented by sensitizing Authorized Officers in SEZ in this regard under the overall supervision of DC.

b) There is no reasonable and logical ground of keeping two different sets of parameters of minimum physical export for plastic recycling units and used/worn clothing recycling units.

c) The matter is sub-judice and pending before the Hon’ble Supreme Court. Even the policy making power in respect of both the policies dated 17.09.2013 is before challenge in these sub-judice matter.

DGFT: DGFT vide email dated 02.12.2021 has also agreed to the proposal and stated that it would be appropriate to keep the validity of LoA/LoP of such units for a five year term as applicable to all other EoU/SEZ units to enable them to fulfil long term export commitments and ensure stability in their operations.

p the validity of LoA/LoP of such units for a five year term as applicable to all other EoU/SEZ units to enable them to fulfil long term export commitments and ensure stability in their operations.

In respect of comments of DGEP vide their OM dated 16.03.2021, it is stated that the instant proposal is related to Plastic recycling units and MoT has no role on determining their LoA term. Further keeping two different sets of parameters of minimum physical export for plastic and clothes recycling units. the same was done on the basis of consensus among all stakeholders on the report of DCs Committee while finalizing policy issued on 13.02.2018. This Policy dated 13.02.2018 was issued with the approval of the then Hon’ble CIM. The same export obligations were adopted in the policy dated 27.05.2021. Further, as regards policy making power being sub-judice matter before the Hon’ble Supreme Court, it is stated that Section 10(10) of the SEZ Act, 2005 stipulates that the Board may, in order to promote exports or to protect the interest of Units or in the public interest, issue such directions or formulate such scheme as it may consider necessary for operation of the Special Economic Zone.

ports or to protect the interest of Units or in the public interest, issue such directions or formulate such scheme as it may consider necessary for operation of the Special Economic Zone.

Further, Ze Gandhidham Chamber of Commerce & Industry vide their representation dated 13.01.2022 has also stated that in the absence of long term LoA and disruption in renewal has caused a lot of financial hardship to these units as they are facing heavy burden of paying staff salaries, bank interest. electricity bills, SEZ lease rents. term loan liability without any uninterrupted production. That banks are reducing the credit limit, suppliers are demanding full payments and shipping lines are not allotting the booking without specific validated period of LoA. Thus units are losing their export orders. They further stated that these plastic recycling units are a major contributor in rapid growth of Kutch since last 25 years by generating skilled/unskilled employment and a significant revenue for SEZ growth.

EPCES has also endorsed the representation of KASEZIA for extension of five years.

In terms of Rule 18(4) (a) of the SEZ Rules, the extension of LoA of the existing plastic recycling units shall be decided by the BoA. Based on the policy dated 27.05.2021, the Board had already allowed an extension of LoA upto 26.07.2022 and revision in extension shall be considered based on the amendment, if any in the policy.

. Based on the policy dated 27.05.2021, the Board had already allowed an extension of LoA upto 26.07.2022 and revision in extension shall be considered based on the amendment, if any in the policy.

It is proposed to revise the policy circular regarding extending validity of LoA of Plastic recycling units for a Five years term. The proposal is placed before BoA for consideration.

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