Minutes of Approval Committee meeting held on 06.10.2023 — 01-festus-sez

Minutes o65th Meeting othe Approval Committee or Sector Specific Special Economic Zone o M/s. Festus Properties Pvt. Ltd. - SEZ, at Powai, Mumbai, under the Chairmanship o Development Commissioner, SEEPZ-SEZ held on 06.10.2023 through Video Conerencing.

1. Name othe SEZ
:
M/s. Festus Properties Pvt. Ltd.
2. Sector
:
IT/ITES
3. Meeting no
:
65th
4. Date
:
06.10.2023
Members Present:
Sr.
No.
Name o
Members
Designation
Organization
1
Shri. C. P. S.
Chauhan
Jt. Development
Commissioner,
SEEPZ-SEZ.
2
Shri. Leider
Panicker
Joint Commissioner
Income Tax
Nominee oIncome Tax ofice, Mumbai.
3
Shri. G.K. Mishra
Deputy Director DGFT
Nominee othe DGFT, Mumbai.
4
Smt. Kirti
Deshmukh
Deputy Director
Industries
Nominee oDirectorate oIndustries,
Mumbai.
5
Smt. Sunita
Jagtap
Superintendent o
Customs
Nominee oCommissioner oCustoms,
General, Air Cargo, Sahar.
Special Invitee:-
Shri. R.K. Jain
:
Specified Oficer, Festus-SEZ.
Shri. Hanish Rathi, ADC (New SEZ), Shri. Palash Shankar, ADC, (New SEZ); Shri
Manish Kumar, ADC (New SEZ); Smt. Bridget Joe, EA to Development Commissioner (SEEPZ-
SEZ), Smt. Rekha Nair Assistant, Shri G.S. Bhandari Assistant, Shri. Ravindra Kumar, Assistant
and Rajesh Kumar UDC also attended or assistance and smooth unctioning othe meeting.
Agenda Item No. 01: Confirmation oMinutes othe 64th meeting held on 28.07.2023.
-----------------------------
The Minutes othe 64th Meeting held on 28.07.2023 were confirmed with consensus.
Agenda Item No. 02 : Application or setting up oNew Unit by M/s. Aptia Group India
File No.SEZ1-14011/1/2022-NS

Private Limited at M/s. Festus-SEZ or Inormation Technology and Inormation Technology
Enabled Services.
M/s. Aptia Group India Private Limited had applied or setting up oa new unit in
Festus-SEZ or Inormation Technology – Sotware Development, Application Development,
Enhancement in Existing Application/Sotware, Integration, Testing and maintenance and
development onew products and services and Inormation Technology Enabled services in the
nature oSupport Centres in an area admeasuring 14,126 sq.t., envisaging FOB value oexports
oRs. 268.33 Crore, FE outgo oRs. 6.58 Crore and NFE oRs. 261.75 Crore over a period o5
years with employment generation o140 nos. (105 Men & 35 Women).
Decision :- Ater deliberation, the Committee approved the proposal oM/s Aptia Group India
Private Limited or setting up oa new unit in Festus-SEZ or Inormation Technology – Sotware
Development,
Application
Development,
Enhancement
in
Existing
Application/Sotware,
Integration, Testing and maintenance and development onew products and services and
Inormation Technology Enabled services, in an area admeasuring area 14,126 sq.t., at Unit No.
102, 1st Floor, A-Wing, at Festus Properties Private Limited-SEZ, Kensington, Downtown Powai,
One South Avenue, Powai Mumbai, Maharashtra-400076 envisaging FOB value oexports oRs.
268.33 Crore, FE outgo oRs. 6.58 Crore and NFE oRs. 261.75 Crore over a period o5 years
with employment generation o140 nos. (105 Men & 35 Women).
Agenda Item No. 03 : M/s. Festus Properties Pvt. Ltd., (Developer) – Quarterly Progress
Report or the period April 2023 to June 2023.
The Quarterly Progress Report or the period April 2023 to June 2023 was submitted
by the Developer and verified by the Specified Oficer, Festus – SEZ vide letter dated 12.09.2023
stating that there was no discrepancy ound.
Decision:- Ater deliberations, the Committee noted the perormance oM/s. Festus Properties
Pvt. Ltd. (Developer) or the quarter April 2023 to June 2023 in terms oRule 12(6) and 22(4) o
SEZ Rules, 2006.
Agenda Item No. 04: Application or Addition olocation admeasuring area 109452 Sq. t. at
1201, 12th Floor, 1301, 13th Floor (Part), Kensington A Wing, Festus Properties Private
Limited-SEZ, at Downtown Powai, One South Avenue Powai, Mumbai-400076 with Capacity
Enhancement and revision in projection- L&T Energy Hydrocarbon Limited.
File No.SEZ1-14011/1/2022-NS

The unit requested or approval or Addition olocation oan area admeasuring
109452 Sq. t. at 1201, 12th Floor, 1301, 13th Floor (Part), Kensington A Wing, Festus Properties
Private Limited-SEZ, at Downtown Powai, One South Avenue Powai, Mumbai-400076 with
Capacity Enhancement and revision in projection as per details below :-
Revision in Projections:
•
Employment :
Sr. No
Item
Existing
Revised
1.
Employment
Men
Women
Men
Women
104
35
329
53
•
Exports and Investments :
(Rs. In
Crores)
Sr.
No.
Details
Approved
Projections
2020-21 to
2024-25
Existing 2 years approved
Projections 2023-24 &
2024-25
Proposed
Projections or 2
years
2023-24 & 2024-
25
1.
Investment- Plant and
Machinery
(i)
Indigenous
17.88
1.40
34.11
(ii)
Imported
1.07
0.35
4.99
Total Investment – Plant
and Machinery
18.95
1.75
39.11
2.
Import and Indigenous
requirement omaterial
and other inputs
(i)
Imported Capital Goods
1.07
0.35
4.99
(ii)
Indigenous Capital Goods
17.88
1.40
34.11
Total Capital Goods
18.95
1.75
39.11
3.
Services
(i)
Imported Services
0.00
0.00
33
(ii)
Indigenous Services
58.21
26.47
43.78
Total Services
58.21
26.47
76.78
4.
FOB Value oExports or 5
years
232.40
112
1185.48
5.
Foreign Exchange outgo or
5 years
1.07.00
0.35
37.99
File No.SEZ1-14011/1/2022-NS

6.
Net Foreign Exchange
Earnings or 5 years
231.33
111.65
1147.48
•
Revised Area and Location:
Existing Location &
Admeasuring Area
Proposed Additional Location
& Admeasuring Area
Location & Total Admeasuring
Area
1101, 1103 and 1104, Wing
A, 11th Floor, Kensington,
Festus
Properties
Private
Limited-SEZ,
Powai,
Mumbai-400076.
1201, 12th Floor, 1301, 13th
Floor
(Part),
Kensington
A
Wing, Festus Properties Private
Limited-SEZ,
at
Downtown
Powai,
One
South
Avenue,
Powai, Mumbai-400076
1101, 1103 and 1104, 1201, 12th
Floor, 1301, 13th Floor (Part),
Kensington
A
Wing,
Festus
Properties Private Limited-SEZ, at
Downtown
Powai,
One
South
Avenue, Powai, Mumbai-400076.
Admeasuring Area 58,519
Sq. t
Admeasuring Area 1,09,452
Sq.t.
Admeasuring Area
1,67,971 Sq.t.
(58519 Sq.t. + 1,09,452 Sq.t.)
Decision :- Ater deliberations, the Committee approved the proposal oM/s. L&T Energy
Hydrocarbon Limited or Additional location with an area admeasuring 1,09,452 sq. t. with
Capacity Enhancement and revision in projection in accordance to Rule 19 (2) othe SEZ Rules
2006.
Meeting ended with the vote othanks to the Chair.
(Rajesh Kumar Mishra, IRS)
Chairperson-cum-
Development Commissioner
File No.SEZ1-14011/1/2022-NS