Supplementary Agenda-II for the 117th meeting of the BoA for SEZs

No. K-43016/1 1 12023-SEZ Govemment of India Ministry of Commerce and Industry Department of Commerce (SEZ Section) Vaniiya Bhawan, New Delhi Dated the )!\ovember. 2023

Subject: I 176 Meeting of the Board of Approval @oA) for Special Economic Zones (SEZs)

scheduled to be held on 17'n November,2023 - Supplementary Agenda - II regarding. The undersigned is directed to refer to this Department's O.M. of even numbers dated 1't November, 2023, 6th November,2023 and 14rh November,2OlT on the subject cited above and to inform that the 117th meeting of the BoA for SEZs is scheduled to be held on l7s November, 2023 at 11.00 A.M. in Room No. 427, Yutijya Bhawan, New Delhi under the Chairmanship of Commerce Secretary in hybrid mode. 2. The Supplementary Agenda - II for the ll7th meeting of the BoA for SEZs is enclosed herewith. OFFICE MEMORANDUM All the addresses are requested to kindly make it convenient to attend the meeting. The meeting link of the aforesaid meeting is being shared in the e-mail bodv. (Sumit Kumar han Under Secretary to the Govemmeffi:r#l; Email: sumit.sachan c 111
"9 ) 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 Sanjiv, Joint Secretary, Department of Promotion of Industry and Intemal Trade (DPIIT), UdyogBhawan, New Delhi.
5. Joint Secretary, Ministry of Shipping, Transport Bhawan, New Delhi.

797). 4. Shri Sanjiv, Joint Secretary, Department of Promotion of Industry and Intemal Trade (DPIIT), UdyogBhawan, New Delhi. 5. 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, Mekauli Road, New Delhi. (Telefax: 26862512) Supplementary Asenda - II J. 4.

9. Joint Secretary, Department of Biotechnology, Ministry of Science and Technology, 7'Floor, Block 2, CGO Complex, Lodhi Road, New Delhi - 110 003.
10. Additional Secretary and Development Commissioner (Micro, Small and Medium Enterprises Scale lndustry), Room No. 701, NirmanBhavan, New Delhi (Fax:23062315).
11. Secretary, Department of Electronics & Information Technology, Electronics Niketan, 6, CGO Complex, New Delhi. (Fax: 24363 101)
12. Joint Secretary (ISJ), Ministry of Home Affairs, North Block, New Delhi (Fax: 23092569)
13. Joint Secretary (C&W), Ministry of Defence, Fax: 23015444, South Block, New Delhi.
14. Joint Secretary, Ministry of Environment and Forests, PariyavaranBhavan, CGO Complex, New Delhi - I10003 (Fax: 24363577)
15. Joint Secretary & Legislative Counsel, Legislative Department, lvl/o Law & Justice, A-Wing, ShastriBhavan, New Delhi. (Tel: 23387095).
16. Department of Legal Affairs (Shri Hemant Kumar, Assistant Legal Adviser), IvI/o Law & Justice, New Delhi.

e Department, lvl/o Law & Justice, A-Wing, ShastriBhavan, New Delhi. (Tel: 23387095). 16. Department of Legal Affairs (Shri Hemant Kumar, Assistant Legal Adviser), IvI/o Law & Justice, New Delhi. 17. Secretary, Department of Chemicals &Petrochemicals,ShastriBhawan, New Delhi 18. Joint Secretary, Ministry of Overseas Indian Affairs, Akbar Bhawan, Chanakyapuri, New Delhi. (Fax: 2467 4140) 19. Chief Planner, Department of Urban Affairs, Town Country Planning Organisation, VikasBhavan (E-Block), I.P. Estate, New Delhi. (Fax: 23073678123379197) 20. Director General, Director General of Foreign Trade, Department of Commerce, UdyogBhavan, New Delhi. 21. Director General, Export Promotion Council for EOUs/SEZs, 8G, 8th Floor, Hansalaya Building, 15, Barakhamba Road, New Delhi - 110 001 (Fax: 223329770) 22. Dr. RupaChanda, Professor, Indian Institute of Management, Bangalore, Bennerghata Road, Bangalore, Kamataka 23. 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. Development Commissioner, Madras Special Economic Zote, Chennai 28. Development Commissioner, Visakhapatnam Special Economic Zone, Visakhapatnam 29. Development Commissioner, Cochin Special Economic Zone, Cochin. 30. Development Commissioner, Indore Special Economic Zone, Indore. 31.

ssioner, Visakhapatnam Special Economic 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,4th Floor, C Wing, Port Users Building, Mundra (Kutch) Gujarat. 32. Development Commissioner, Dahej Special Economic Zone, Fadia Chambers, Ashram Road, Ahmedabad, Gujarat 33. Development Commissioner, Navi Mumbai Special Economic Zone, SEEPZ Service Center, Central Road, Andheri (East), Mumbai - 400 096 34. Development Commissioner, Sterling Special Economic Zone, Sandesara Estate, AtladraPadra Road, Vadodara - 390012 35. Development Commissioner, Andhra Pradesh Special Economic ZollLe, UdyogBhawan, 9ft Floor, Siripuram, Visakhapatnam - 3 36. Development Commissioner, Reliance Jamnagar Special Economic Zone, Jamnagar, Guj arat 37. Development Commissioner, Surat Special Economic Zone, Surat, Gujarat 38. Development Commissioner, Mihan Special Economic Zone, Nagpur, Maharashtra 39. Development Commissioner, Sricity Special Economic Zone, Andhra Pradesh.

urat Special Economic Zone, Surat, Gujarat 38. Development Commissioner, Mihan Special Economic Zone, Nagpur, Maharashtra 39. Development Commissioner, Sricity Special Economic Zone, Andhra Pradesh.

40. Development Commissioner, Mangalore Special Economic Zone, Mangalore.
41. Development Commissioner, GIFT SEZ, Gujarat
42. Commerce Department, A.P. Secretariat, Hyderabad - 500022. (Fax: 040-23452895).
43. Govemment of Telangan4 Special Chief Secretary, Industries and Cornrnerce Department, Telangana Secretariat Khairatabad, Hyderabad, Telangana.
44. Government of Kamataka, Principal Secretary, Commerce and Industry Department, VikasSaudha, Bangalore - 560001. (Fax: 080-22259870)
45. Govemment of Maharashtra, Principal Secretary (Industries), Energy and Labour Department, Mumbai - 400 032.
46. Govemment of Gujarat, Principal Secretary, Industries and Mines Department Sardar Patel Bhawan, BlockNo. 5,3rd Floor, Gandhinagar-382010 (Fax: 079-23250544).
47. Govemment of West Bengal, Principal Secretary, (Commerce and Industry), Ip Branch (4th Floor), SEZ Siction, 4, Abanindranath iagore Sarani (Camac Street) Kolkata - 700 016
48. Govemment of Tamil Nadu, Principal Secretary (Industries), Fort St. George, Chennai - 600009 (Fax: 044-25370822).
49. Govemment of Kerala, Principal Secretary (lndustries), Govemment Secretariat, Trivandrum - 695001 (Fax: 0471-2333017).
50. Govemment of Haryana, Financial Commissioner and Principal Secretary), Department of Industries, Haryana Civil Secretariat, Chandigarh (Fax: 0172-2740526).

ndrum - 695001 (Fax: 0471-2333017). 50. Govemment of Haryana, Financial Commissioner and Principal Secretary), Department of Industries, Haryana Civil Secretariat, Chandigarh (Fax: 0172-2740526). 51. Govemment of Rajasthan, Principal Secretary (lndustries), Secretariat Campus, Bhagwan Das Road, Jaipur - 302005 (0141-2227788). 52. Govemment of Uttar Pradesh, Principal Secretary, (Industries), Lal Bahadur ShastriBhawan, Lucknow - 22600 I (Fax: 0522-223825 5). 53. Govemment of Punjab, Principal Secretary Department of Industry & Commerce UdyogBhawan), Sector - I 7, Chandigarh- I 600 I 7. 54. Govemment of Puducheny, Secretary, Department of Industries, Chief Secretariat, Puducherry. 55. Govemment of Odisha, Principal Secretary (lndustries), Odisha Secretariat, Bhubaneshwar - 75 1 00 1 (Fax: 0 67 1 -5368 19 /2406299). 56. Govemment of Madhya Pradesh, Chief Secretary, (Commerce and Industry), VallabhBhavan, Bhopal (Fax: 07 5 5 -25 5997 4) 57. Govemment of Uttarakhand, Principal Secretary, (Industries), No. 4, Subhash Road, Secretariat, Dehradun, Uttarakhand 58. Govemment of Jharkhand (Secretary), Department of Industries Nepal House, Doranda, Ranchi - 834002. 59. Union Territory of Daman and Diu and Dadra Nagar Haveli, Secretary (Industries), Department of Industries, Secretariat, Moti Daman - 3 96220 (Fax:0260-2230775). 60. Govemment of Nagaland, Principal Secretary, Department of Industries and Commerce), Kohima, Nagaland. 61.

ustries), Department of Industries, Secretariat, Moti Daman - 3 96220 (Fax:0260-2230775). 60. Govemment of Nagaland, Principal Secretary, Department of Industries and Commerce), Kohima, Nagaland. 61. Govemment of Chattishgarh, Commissioner-cum-Secretary Industries, Directorate of Industries, LIC Building Campus, 2nd Floor, Pandri, Raipur, Chhattisgarh (Fax: 0771-2583651). Copy ro: PPS to CS / PPS to AS (LSS) / PPS to JS (VB)/ PPS to Dir (SNS).

Su lementa nda II for he l l7tb meetin of the B rd ofA roval for S Economic Zones to be heldonl November.2023 117.15: Request for Setting up ofnew SEZ (2 proposals) ll7.l5(i) Request of M/s. Delhi International Airport Limited (DIAL) for setting up of a Multi-Product SEZ (SEZ-l) at Indira Gandhi International Airport, New Delhi over an area of 2.02 Ha. The status of documents required for setting up of a new SEZ for consideration of the BoA and grant of LoA are as follows: - S. No. Conditions / Documents required Status A. Documents required for setting up of SEZ in terms of Rule 3 of SEZ Rules, 2006: (i) Completed Form-A (with enclosures) A. Total Proposed : Rs.108.llCrore investment B. FDI (in US $) C. Source ofFDI D. Proposed Exports : Nil Not Applicable Rs.l33.22Crore Direct - 4491 Nos. Indirect - 1809 Nos. Yes, provided ( ii) DC' ection Report Yes, provided (iii) State Government's Recommendation Not provided Letter No. AY- 1602612212023-ER dated 25.10.2023 from Director, Ministry of Civil Aviation has been provided.

ii) DC' ection Report Yes, provided (iii) State Government's Recommendation Not provided Letter No. AY- 1602612212023-ER dated 25.10.2023 from Director, Ministry of Civil Aviation has been provided. [more details may be seen at Note belowl (iv) Recommendation for National Security Clearance (NSC) from Ministry of Home Affairs as per Rule 3 ofSEZ Rules, 2006. A Self-Declaration by the applicant endorsed by DC, NSEZ has been provided. B Minimum area requirement in terms of Rule 5 of SEZ Rules,2006. The proposal does not fulfil minimum land requirement (i.e., 50 Ha) for Multi-Product SEZ. However, DC, NSEZ has recommended that relaxation on minimum land requirement may be considered by the Board ofApproval I E. Employment (in Nos.)

n terms of Rule 7(2) of SEZ Rule 006, on the basis of merit of t C Details to be fumished in terms of Rule 7 of S Rules,2006: url (i) Legal Possession, and Irrevocable rights to develop the said area as SEZ, and That the said area is free from all encumbrance. e applicant has submitted a f letter No. AY- 1602612212023-E 25th Oct, 2023 of Ministry o ivil Aviation addressed to DIA per Para 2(a)(i) of the said letter IAL has exclusive rights velop, finance, design, construct, odemize, operate, maintain, u d regulate the use by third partie Airpo(. As per DIAL's lan the location of the identified by DIAL for th elopment of SEZ is planned to garding "Area is free from all cumbrances" applicant h ferred Para 2(a)(ii) ofthe said I it has been validated th IAL enjoy complete uninterrupted possession and contro f the Airport Site.

planned to garding "Area is free from all cumbrances" applicant h ferred Para 2(a)(ii) ofthe said I it has been validated th IAL enjoy complete uninterrupted possession and contro f the Airport Site. The land en leased to DIAL as demise ises for carrying its functions r terms and conditions of reement. egarding "Not falling und ed or ecological fragile area' e applicant has again referred (a) of the said letter, the land been refened as 'Airport Site a Demised Premises' for carying ou he functions, as per terms an nditions ofthe a ement. CEO. used for Cargo. ere an pplicant has submitted copy o gistered Lease deed dat 5.04.2006 executed betrveen irport Authority of India & M/s lhi Intemational Airport Priv Limited for the renewable term of 3 Years w.e.f. 25.04.2006. As (ii) Whether the Developer has leasehold right over th identified area. The lease shall be for a period no less than twenty years. 2 Certificate from the concemed State Governmenl or its authorised agency stating that the Developer has:

ld right over th identified area. The lease shall be for a period no less than twenty years. 2 Certificate from the concemed State Governmenl or its authorised agency stating that the Developer has:

orm-A, the land has been licens er OMDA for till FY 2036 with vision ofextension for another 3 ears for Operation, Managem d Development of Ai nfrastructure at IGI Ai ort. Recommendation by DC, NSEZ: There is no SEZ in Delhi. This one near Delhi Airport is strategically located and has tremendous potential for manufacturing, services and warehousing. Airport Authority of India, a Central government entity has a 26%o stake in the applicant entity. The proposal does not fulfill the minimum land requirement for Multi-Product SEZ and the remainder of the lease period is less than the prescribed 20 years. However, given the strategic location and potential ofthe SEZ, it is recommended for relaxation of the minimum land requirement and the lease period may be 3 (iii) The identified area shall be Contiguous, Vacant and No thoroughfare. s per physical inspection report, th roposed land is Vacant, Contiguous acant and No thorou hfare. Note: - The applicant has proposed 2.02 hectare land. In this regard, the applicant has stated that a the Ministry of Civil Aviation has intent to grow the Air Cargo business in the country from the current levels of 3.1 MMT in FY23 and Hon'ble Union Minister of civil Aviation, has given a vision of achieving l0 Million tons of cargo by Year 2030.

w the Air Cargo business in the country from the current levels of 3.1 MMT in FY23 and Hon'ble Union Minister of civil Aviation, has given a vision of achieving l0 Million tons of cargo by Year 2030. To achieve this vision, the Industry has highlighted in various cargo forums like Air cargo Forum of lndia (ACFI), Association of Private Airport operators (APAO) the need of creating Air cargo Hubs in India which will have complete cargo ecosystem Tier l, Tier 2 and rier 3 (sEZlFTvlz) infrastructure at the lndian Airports and which will benchmark our airports with global Air cargo Hubs like Hong Kong, changi Singapore and Dubai etc. The same has been appreciated by Hon'ble Union Minister of civil Aviation, Shri Jyotiraditya M. scindia in the cargo Advisory council meetings. The trade fraternity has requested Moc through MoCA for relaxing the minimum area requirement from 50 Hectares to 5 Acres. Applicant has further stated that Senior Economic Adviser MoCA is kind enough to seek clarification from Ministry of Commerce and communicate through letters dated 13.05.22 and 06.06.22, suggesting to apply for Special Economic Zone (SEZ) insread of FTWZ to the Board of Approval (BoA) through the Development commissioner and confirming that the BOA is empowered to take all decisions (including area relaxation) related to granting approvals for setting up On-Airport SEZ so as to promote Air Cargo. In terms of DoC's Instruction No.

g that the BOA is empowered to take all decisions (including area relaxation) related to granting approvals for setting up On-Airport SEZ so as to promote Air Cargo. In terms of DoC's Instruction No. 102 dated l8.l1.2019, Physical lnspection ofthe site was carried out on 08.1 1.2023 by JDC, DDC, NSEZ along with Representative Revenue/Land Authority and Representative of Delhi Intemational Airport Ltd. lt is noted that there are two separate pieces of lands, each proposed for setting up of two separate SEZs named as SEZ 22(Al) and SEZ22(A2). The proposed land is situated within the master plan area of Indira Gandhi International Airport (lGI Airport). Both plots of land were found to be contiguous and vacant. The land proposed for SEZ 22(Al) is presently being utilized for vehicle parking and the land proposed for SEZ 22(A2) is being used for storing loose construction materials for renovation and repair of runway inside the airport.

considered by the Board of Approval in terms of Rule 7 (2) of sEZ Rules, 2006, on the basis of merit ofthe proposal. The proposal is recommended for grant of formal approval for setting up a Multi-Product sEZ (sEZ-l) over an area of 2.02 hectares at zone Ref. 22A(l) in cargo7one, Portion of 22 at lndira Gandhi lntemational Airport, New Delhi by M/s. Delhi Inteirrational Airport Limited, in relaxation of the sEZ Rules as deemed appiopriate by the Board of Approval. 117.15(iD Request of lws.

at lndira Gandhi lntemational Airport, New Delhi by M/s. Delhi Inteirrational Airport Limited, in relaxation of the sEZ Rules as deemed appiopriate by the Board of Approval. 117.15(iD Request of lws. Delhi International Airport Limited (DIAL) for setting up of a Multi-Product sEZ (sEz2) at Indira Gandhi International Airport, New Delhiover an area of 2.02 Ha. The status of documents required for setting up ofa new SEZ for consideration ofthe BoA and grant ofLoA are as follows: - S. No. Conditions / Documents required Status A I)ocuments required for setting up of SEZ in terms of Rule 3 of SEZ Rules, 2006: i) Completed Form-A (with enclosures) F. Total Proposed : Rs.l0S.llCrore investment G. FDI (in US $) : Nil H. Source of FDI : Not Applicable L Proposed Exports : Rs.l33.22Crore J. Employment (in Nos.) : Direct - 4491 Nos. lndirect - 1809 Nos. Yes, provided ( ii) DC's Inspection Report Yes, provided ( iii) State Covernment's Recommendation Not provided Letter No. AV- 1602612212023-ER dated 25.10.2023 from Director, Ministry of Civil Aviation has been provided. Imore details may be seen at Note belowl (iv) Recommendation for National Security Clearance (NSC) from Ministry of Home Affairs as per Rule 3 ofSEZ Rules, 2006. B Minimum area requirement in terms of Rule 5 ol SEZ Rules,2006. e proposal does not fulfi inimum land requirement (i.e., 5 Ha) for Multi-Product SEZ owever, DC, NSEZ h commended that relaxation o A Self-Declaration by the applicanl endorsed by DC, NSEZ has been provided. 4

does not fulfi inimum land requirement (i.e., 5 Ha) for Multi-Product SEZ owever, DC, NSEZ h commended that relaxation o A Self-Declaration by the applicanl endorsed by DC, NSEZ has been provided. 4

inimum land requirement may sidered by the Board ofApprova in terms of Rule 7(2) of SEZ Rules 006, on the basis of merit of osal. C Details to be fumished in terms of Rule 7 of SE Rules,2006: ,l (D Certificate from the concemed State Govemmen e applicant has submitted a cop orits authorised agency stating that the Devel f letter No. AY-1602612212023- 256 Oct, 2023 of Ministry o ivil Aviation addressed to DIA Legal Possession, and Irrevocable rights to develop the said area as SEZ, and That the said area is free from all encumbrance. o. per Para 2(a)(i) ofthe said letter IAL has exclusive rights velop, finance, design, odemize, operate, maintain, u d regulate the use by third partie Airport. As per DIAL's maste lan the location of the land dentified by DIAL for th velopment of SEZ is planned to used for Cargo. egarding "Area is free from al umbrances" applicant ferred Para 2(a)(ii) ofthe said I ere it has been validated th IAL enjoy complete an interrupted possession and control f the Airport Site.

Cargo. egarding "Area is free from al umbrances" applicant ferred Para 2(a)(ii) ofthe said I ere it has been validated th IAL enjoy complete an interrupted possession and control f the Airport Site. The land h leased to DIAL as demi mises for carrying its functions terms and conditions of I greement. garding "Not falling und served or ecological fragile area e applicant has again referred pan (a) of the said letter, the land ha referred as 'Airport Site an mised Premises' for carrying o e functions, zrs per terms agreement. onditions of the (ii) Whether the Developer has leasehold right over the identified area. The lease shall be for a period notl less than twenty years. Applicant has submitted copy o{ registered Lease deed dated 25.04.2006 executed between Airport Authority of lndia & M/s. Delhi lntemational Airport Private 5

imited for the renewable term of 3 ears w.e.f. 25.04.2006. As orm-A, the land has been li under OMDA for till FY 2036 with rovision ofextension for another 3 ears for Operation, Managem d Development ofl Ai nfrastructure at IGI Ai ort. Note: - The applicant has proposed 2.02 hectare land. In this regard, the applicant has stated that a the Ministry of Civil Aviation has intent 10 grow the Air Cargo business in the country from the cunent levels of 3.1 MMT in FY23 and Hon'ble union Minister of civil Aviation, has given a vision ofachieving l0 Million tons of cargo by Year 2030.

row the Air Cargo business in the country from the cunent levels of 3.1 MMT in FY23 and Hon'ble union Minister of civil Aviation, has given a vision ofachieving l0 Million tons of cargo by Year 2030. To achieve this vision, the Industry has highlighted in various cargo forums like Air cargo Forum of India (ACFI), Association of Private Airport operators (APAO) the need of creating Air cargo Hubs in India which will have complete cargo ecosystem Tier l, Tier 2 and rier 3 (sEZlFTwz) infrastructure at the Indian Airports and which will benchmark our airports with global Air cargo Hubs like Hong Kong, Changi Singapore and Dubai etc. The same has been appreciated by Hon'ble Union Minister of civil Aviation, Shri Jyotiraditya M. scindia in the cargo Advisory council meetings. The trade fratemity has requested Moc through MoCA for relaxing the minimum area requirement from 50 Hectares to 5 Acres. Applicant has further stated that Senior Economic Adviser MoCA is kind enough to seek clarification from Ministry of Commerce and communicate through letters dated 13.05.22 and 06.06.22, suggesting to apply for Special Economic Zone (SEZ) instead of FTWZ to the Board of Approval (BoA) through the Development commissioner and confirming that the BOA is empowered to take all decisions (including area relaxation) related to granting approvals for setting up On-Airport SEZ so as to promote Air Cargo. In terms of DoC's Instruction No.

g that the BOA is empowered to take all decisions (including area relaxation) related to granting approvals for setting up On-Airport SEZ so as to promote Air Cargo. In terms of DoC's Instruction No. 102 dated l8.l1.2019, Physical Inspection ofthe site was carried out on 08.11.2023 by JDC, DDC, NSEZ along with Representative Revenue/Land Authority and Representative of Delhi lnternational Airport Ltd. It is noted that there are two separate pieces of lands, each proposed for setting up of two separate SEZs named as SEZ 22(Al) and SEZ22(A2). The proposed land is situated within the master plan area of Indira Gandhi Intemational Airport (lGI Airport). Both plots of land were found to be contiguous and vacant. The land proposed for sEZ 22(Al) is presently being utilized for vehicle parking and the land proposed for SEZ 22(A2) is being used for storing loose construction materials for renovation and repair of runway inside the airport. 6 ( iii) The identified area shall be Contiguous, Vacanl and No thoroughfare. per physical inspection report, lh posed land is Vacant, Contiguous Vacant and No thorou fare Recommendation bv DC. NSEZ: There is no SEZ in Delhi. This one near Delhi Airport is strategically located and has tremendous potential for manufacturing, services and warehousing. Airport Authority of India, a Central govemment entity has a 260/o stake in the applicant entity. The proposal does not fulfill the minimum land requirement for Multi-Product SEZ and the remainder of the lease period is

India, a Central govemment entity has a 260/o stake in the applicant entity. The proposal does not fulfill the minimum land requirement for Multi-Product SEZ and the remainder of the lease period is

less than the prescribed 20 years. However, given the strategic location and potential ofthe SEZ, it is recommended for relaxation of the minimum land requirement and the lease period may be considered by the Board of Approval in terms of Rule 7(2) of SEZ Rules,2006, on the basis of merit of the proposal. The proposal is recommended grant of formal approval for setting up a Multi-Product SEZ (SEZ-2) over an area of 2.02 hectares at Zone Ref. 22A(2) in Cargo Zone, Portion of 22 at lndira Gandhi Intemational Airport, New Delhi by M/s. Delhi Intemational Airport Limited, in relaxation of the SEZ Rules as deemed appropriate by the Board of Approval. 117.16: Request for Co-developer status (1 proposal) 117.16(D Request of l\tlls. Tec City Bullion Refinery Limited for approval as Co- Developer within the processing Area in GIFT-Multi Services SEZ at Ratanpur, District Gandhinagar, Gujarat, developed by M/s. GIFT SEZ Limited. I Name ofthe Developer & Location M/s. GIFT SEZ Limited, Gandhinagar, Gujarat. Date olLoA to Developer 07-0 r-2008 3 Sector ofthe SEZ Multi services SEZ Date of Notification l 8-08-201 l, as amended on 06-07-2023 5 Total notified area (in Hectares) 105.4386 hectares 6 Whether the SEZ is operational or not 21-04-2012 (i) If operational, date of operationalization SEZ operational ( ii) No.

amended on 06-07-2023 5 Total notified area (in Hectares) 105.4386 hectares 6 Whether the SEZ is operational or not 21-04-2012 (i) If operational, date of operationalization SEZ operational ( ii) No. of Units Functional -2ll units Under implementation - 306 units (iii) Total Exports & Imports for the last 5 years (Rs. in Cr.) Exports - 16048.38 lmports - 559.61 (iv) Total Employment (ln Nos.) 4637 7 Name ofthe proposed Co-developer M/s. Tec City Bullion Refinery Limited, Mumbai 8 Details of lnfrastructure facilities / authorized operations to be undertaken by the co- developer Development of commercial building for precious metal refinery, conference room & common infrastructure; oflices - 2 units on each floor & common infrastructure (from 2nd Floor to 126 Floor) 9 Total area (in Hectares) on which activities will be performed by the co-developer Land area of 11,334.12 square meters with built-up area of I 5,487.87 square meters Proposed investment by the Co-developer (Rs in Cr.) Rs. 73.37 crores Net worth of the Co-developer (Rs. in Cr.) Rs. 94.22 crores 12. Date ofthe Co-developer agreement 20-03-2023 2. 4. 10. ll. 7

ters Proposed investment by the Co-developer (Rs in Cr.) Rs. 73.37 crores Net worth of the Co-developer (Rs. in Cr.) Rs. 94.22 crores 12. Date ofthe Co-developer agreement 20-03-2023 2. 4. 10. ll. 7

The proposal was earlier placed before the I166 meeting ofthe BoA held on 05.09.2023. The Board after deliberations deferred the proposal for further examination in consultation with DC GIFT SEZ particularly with reference to the viability ofthe refinery operations. In this regard, DC, GIFT SEZ has now informed that the Developer has submitted the following clarification as sought by the BoA: In addition to the above, the applicant entity, in support of their apptication, has also highlighted the scope ofrefinery operations in CIFT-SEZ as follows: IWs. Tec City Bullion Refinery Limited is promoted by India Bullion and Jewellers Association Ltd. (IBJA), which holds 5l% ofthe shares. It is 104 years old and one ofthe oldest and largest associations in India, having over 26,000 members all over India. The remaining 49o/o of the shares are held by three oflndia's leading refiners, who have been involved in the refining business since 2008 and refine over l0 tons of bullion per year. The applicant have proposed a refinery in a 26,226 sq. ft. area and an office block spread over 95,774 sq. ft. (total area: 1,22,000 sq. ft.). This will help to develop a proper eco- system for gold and precious metals and will be helpful to the IIBX exchange, FTWZ, and also to the various banks present in GIFT City.

rea: 1,22,000 sq. ft.). This will help to develop a proper eco- system for gold and precious metals and will be helpful to the IIBX exchange, FTWZ, and also to the various banks present in GIFT City. Their plans are to develop the refinery and then hand it over to an experienced IBJA member for smooth functioning and running. Further, in the near future, they are planning to obtain London Bullion Market Association (LBMA) accreditation for their refinery. In view of the above facts, it is obvious that the ibid proposal is valid and just, and therefore, it is once again recommended for consideration by the BoA, I . As per Rule 5(2)(d) of the SEZ Rules, 2006, "all existing notified Special Economic Zones shall be deemed to be multi-sector Special Economic Zones". From the above, refinery operations may be considered permitted to be performed in GIFT.SEZ. 2. As per Schedule 2 of the ITC HS Export Policy, the export policy of gold and silver is 'Free'. Thus, the end products may be freely exported. Further, with the existing provisions of vaults, Bullion exchange, FTWZ and presence of Indian as well as Intemational Banks in GIFT-SEZ, a favourable ecosystem for storage as well as trading of Bullion also exists in GIFT-SEZ. 3. The raw material in refineries comes in the form of'Dore'. As per Schedule I of the ITC HS Import Policy, Cotd/Silver 'Dore' can be imported by refineries against a license with an AU condition. 4. As per IFSCA circular F. No.

ies comes in the form of'Dore'. As per Schedule I of the ITC HS Import Policy, Cotd/Silver 'Dore' can be imported by refineries against a license with an AU condition. 4. As per IFSCA circular F. No. 415/IFSCA/Consolidated Operating Cuidelines/2021-22 dated August 25,2021, Bullion refinery as an IFSC unit is permiued, and there is a laid- down framework for setting up such units in IFSCA Zone (GIFT-SEZ). Recommendation bv DC. GIFT SEZ: -

117.17: Request for increase in area by Co-developer (l proposal) 117.17(i) Request of M/s. Vessels Warehousing Private Limited, co-developer, for approval of increase in area of 10.93 Hectares to their existing notified area of 8.00 Hectares. I Name ofthe Developer & Location M/s J. Matadee Free Trade Zone Private Limited Mannur-Valarpuram Village, Perambakkam Road, Sriperumbudur Taluk, Kancheepuram District Tamil Nadu 2 Date of LoA to Developer 23 May,2007 3 Sector ofthe SEZ Multi-Sector SEZ (Previously Free Trade Warehousing Zone) 4 Date of Notification l0 March, 2008 and 2l May,2009 5 Total notified area (in Hectares) 99.220 Hectares Whether the SEZ is operational or not Operational (i) If operational, date of operationalization 24.04.2010 (ii) No. of Units 12 (iii) Total Exports & Imports for the last 5 years (Rs. in Cr.) Import : 30,580 Cr Export : 2,962 Cr (iv) Total Employment (ln Nos.) Around 2,000 full time employees 7 Name ofthe proposed Co-developer Warehousing Private M/s.

rts for the last 5 years (Rs. in Cr.) Import : 30,580 Cr Export : 2,962 Cr (iv) Total Employment (ln Nos.) Around 2,000 full time employees 7 Name ofthe proposed Co-developer Warehousing Private M/s. Vessel Limited 8 Details ol inlrastructure facilities/ authorized operations to be undertaken by the co-developer Construction and warehouses development of 9 Total area (in Hectares) on which activities will be performed by the co-developer 10.93 hectares (in addition to exiting area of 8 hectares for which Co-Developer Approval was already obtained vide approval bearing no F.2114712006-SEZ dated 2l March,2013) 10. Proposed investment by the Co-developer (Rs. in Cr.) Approximately 361 Crores ll. Net worth of the Co-developer (Rs. in Cr.) 6.81Cr Date ofthe Co-developer agreement l0May,202l 9 6. 12. As regards delay in processing the application, the Co-developer has informed that the Application was initially submitted in May 2021 along with the Co-developer agreement, covering the proposed area of 10.93 Hectares. At that time the Company had entered into Co-

s informed that the Application was initially submitted in May 2021 along with the Co-developer agreement, covering the proposed area of 10.93 Hectares. At that time the Company had entered into Co-

developer agreement with Developer which is executed on May 10, 2021. The proposed area under the co-developer agreement was 10.93 Hectares o ut of t4.7j Hectares of notified area. During the review process, it came to light that a part of the land forming part of the 10.93 Hectares was yet to be notified. Further, the Developer was also mandated to acquire certain land parcels which were surrounded by the SEZ but did not form part ofthe sEZ to make the SEZ contiguous. consequently, the application was put on hold till the above actions were completed. Recommendation bv DC. MEPZ SEZ: DC, MEPZ has recommended the proposal In response, the Developer promptly initiated the acquisition and notification of additional land parcels. Such acquisitions and notification of the additional land parcels resulted in additional delay (with some ofthe Board of Approval) meetings also getting postponed by a few months. Recently, in the BoA meeting held in October 2023, the said land was duly notified as FTWZ. The notification of the said land is published in Gazette notification vide Ministry of Commerce and Industry Notification Numbers S.0. 4795(E) dated 2th November,2023. 10