IN FORCE SEZ / EOU / FTWZ 2025-01-15

Agenda for Approval Committee meeting for SEZ Pune Cluster scheduled on 17-January 2025. — 07-6-eon-phase-ii-sez

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SEEPZ SPECIAL ECONOMIC ZONE ANDHERI (EAST), MUMBAI.

AGENDA FOR MEETING OF THE APPROVAL COMMITTEE FOR SECTOR SPECIFIC SPECIAL ECONOMIC ZONE FOR IT/ITES AT PUNE OF M/S. EON KHARADI INFRASTRUCTURE PVT. LTD.-SEZ, PHASE II.

Via Video Conferencing

DATE : 17.01.2025

TIME : 11:00 A.M.

MEETING OF THE APPROVAL COMMITTEE FOR SECTOR SPECIFIC SPECIAL ECONOMIC ZONE FOR IT/ITES AT PUNE, UNDER THE CHAIRMANSHIP OF DEVELOPMENT COMMISSIONER, SEEPZ-SEZ ON 17.01.2025 INDEX

Agenda Item No.

Subject

Agenda Item No. 01 :- Confirmation of the Minutes of the meeting held on 15.10.2024 Agenda Item No. 02 :- Action taken report for the Minutes of the meeting held on 15.10.2024 Agenda Item No. 03 :- Monitoring of Performance for M/s. Altera Digital Health (India) LLP Agenda Item No. 04 :- Monitoring of Performance for M/s. Northern Operating Solutions Pvt. Ltd Agenda Item No. 05 :- Monitoring of Performance for M/s UBS Business Solutions(India) Pvt. Ltd.

मैसस ईओएन खराडी इंाटचर ा. लिमटेड-चरण- II एसईजेड, खराड़ी, पुणे, के आईटी-आईटीईएस सेटर के िव#श% िवशेष आ'थक )े* के लए )ेीय िवकास आयु, सी-ज़-एसईजेड, मुंबई क0 अ2य)ता म4 15.10.2024 को आयो6जत अनुमोदन सिम8त क0 48व9 बैठक का िववरण। 1 एसईजेड का नाम मैसस.ईओएन खराडी इंाटचर ा. लिमटेड-एसईजेड, चरण II 2 )े आईटी/आईटीईएस 3 मी;टग नं 48 वी 4 तारीख 15.10.2024

उप>थत सदय: ?. नाम और पदनाम (एस/Aी.)
िवभाग 1 Aीमती िमतल िहरेमठ संयु, िवकास आयु, पुणे Dटर एसईजेड, पुणे 2 Aी संजय बांगर, उप िनदेशक उEोग, उEोग िवभाग, , पुणे )े* महारा% सरकार से नािमत 3 Aीमती अचना परब, सहायक आयु,, आयकर िवभाग आयकर िवभाग से नािमत

4 Aीमती पुFपा गंगावणे, FTDO पुणे डीजीएफटी िवभाग से नािमत 5 Aी धवल एस #शकI , अधी)क सीमा शुJक िवभाग पुणे से नािमत

िवशेष आमंि*त : ?. नाम एवं पदनाम(Aी/ Aीमती) िवभाग 1 Aी. शKभू दयाल मीना, िविनMद% अ8धकारी सी-ज़-एसईज़ेड, पुणे Dटर

एज4डा आइटम नंबर 01: िदनांक 16.08.2024 को आयो6जत 47 व9 बैठक के कायवृO क0 पुि% िवचारिवमश के बाद, सिम8त ने 16.08.2024 को आयो6जत अनुमोदन सिम8त क0 47 व9 बैठक के कायवृO क0 पुि% क0।

एज4डा आइटम नंबर 02: 16.08.2024 को आयो6जत बैठक के कायवृO के लए क0 गई कारवाई Pरपोट। िवचार-िवमश के बाद, सिम8त ने 16.08.2024 को आयो6जत बैठक के लए क0 गई कारवाई Pरपोट नोट क0 है।

एज4डा आइटम नंबर 03: मैसस ईओएन खराडी इंाटचर ा. लिमटेड (डेवलपर)। Qारा एसईजेड पPरसर म4 कैफेटेPरया सुिवधा थािपत करने के लए िव?ेता को िनMमत थान पRे पर देने के अनुमोदन के लए आवेदन।

डेवलपर ने तुत िकया है िक िव?ेता अपने संबं8धत संकरण )े*S म4 नए हT। उUह4 कुल 420 वग फ0ट जगह आवंिटत क0 गई है। डेवलपर ने 18.07.2018 को पुणे नगर िनगम Qारा अनुमोिदत मनोरंजन Vलॉक Xोर -लान क0 8त तुत क0 है, जहां खाE काउंटर प% Yप से सीमांिकत हT। पुणे नगर िनगम (पीएमसी) ने 06.09.2018 को टॉवर ए और मनोरंजन Vलॉक के लए अं8तम फायर एनओसी भी दान क0 है। डेवलपर ने टॉवर ए, बी और मनोरंजन Vलॉक के लए अिZ िनवारण और जीवन सुर)ा उपायS के अनुपालन के संबंध म4 01.07.2024 को ओमकार फायरवाइज ाइवेट लिमटेड Qारा जारी फॉम बी भी तुत िकया है।

िवचार-िवमश के बाद, अनुमोदन सिम8त ने संकरण )े* म4 अपनी कैफेटेPरया सुिवधा थािपत करने के लए िव?ेताओं को िनMमत थान पRे पर देने के डेवलपर के ताव को एसईजेड के िनयम 11(5) के अनुसार, मंजूरी दे दी। जैसा िक नीचे बताया गया है: Sr. No. िव?ेता का नाम थान )े*फल वगफुट म4. 1. माँ नंदा हॉ>पटैलटी यूिनट नंबर 17 काउंटर, पहली मं6जल 165 वग फुट 2. केसर डेरी ोड\स यूिनट नंबर 14, काउंटर, पहली मं6जल 90 वग फुट SEEPZM-SSEZ0MINF(EON2)/1/2024-O/o JDCP-SEEPZ SEZ I/72526/2024

कुज़ीन यूिनट नंबर 8, काउंटर ]ाउंड Xोर 165 वग फुट

अनुमोदन एमओसी एंड आई Qारा जारी एसईजेड िनयम, 2006 के िनयम 11(5) म4 िनधाPरत शत^ के अधीन है।

एज4डा आइटम नंबर 04: मैसस। 6सटको ]ुप सMवसेज (इं8डया)एलएलपी के दशन क0 िनगरानी

िवचार-िवमश के बाद, सिम8त ने एसईजेड िनयम, 2006 के िनयम 54 के संदभ म4, िवO वष 2019-20 से 2023-24 क0 अव8ध के दौरान थम Vलॉक अव8ध यानी िवO वष 2019-20 से 2022-23 के 4 वष^ के लए इकाई के दशन को नोट िकया। । जैसा नीचे िवतृत Yप म4 िदया गया है:

यूिनट ने िवO वष 2022-23 म4 संचयी आधार पर 774.56 करोड़ पये के अनुमािनत िनयात के मुकाबले 949.54 करोड़ पये का िनयात हा6सल िकया है। यूिनट ने िवO वष 2023- 2022 म4 संचयी आधार पर 909.12 करोड़ पये यानी 95.74 % का सकाराaमक एन.एफ.ई (नेट िवदेशी मूJय( हा6सल िकया है। इकाई ने पहले Vलॉक अव8ध के चौथे वष^ म4 1660 के अनुमािनत रोजगार के मुकाबले 1654 कमचाPरयS (पुष- 1169, मिहला-485) का रोजगार हा6सल िकया है।

एज4डा आइटम नंबर 05: मेसस 6सटको ]ुप सMवसेज (इं8डया)एलएलपी। Qारा तुत। नामांिकत नािमत भागीदार म4 पPरवतन और तदनुसार योगदान म4 पPरवतन के अनुमोदन के लए आवेदन।

िवचार-िवमश के बाद अनुमोदन सिम8त ने नािमत भागीदार म4 बदलाव और योगदान के अनुसार बदलाव के ताव को मंजूरी दे दी। MOCI Qारा जारी िनदIश संbया 109 िदनांक 18.10.2021 के संदभ म4, जैसा िक नीचे बताया गया है:

वीकृत नामांिकत नािमत भागीदार और पूंजीगत योगदान:

?मांक वीकृत नामांिकत नािमत भागीदार और पूंजीगत योगदान

एलएलपी के लए नािमत भागीदार का नाम नामांिकत नािमत भागीदार के मा2यम से िनयुि, तारीख योगदान (रा#श `पये म4) पूंजी योगदान 8तशत 1. 6सटको इंटरनेशनल सपोट सMवसेज लिमटेड पता: नेसस वे, दूसरी मं6जल, कैमाना बे, केवाई-1-1205 ]Tड केमैन, केमैन आइलTड नाम:

cलेन हैसेट
लौरा डेवी

01-नवंबर- 2021

04-जनवरी- 2023 34,04,93,677 99.9% 2. 6सटको शेयड सMवसेज (इं8डया) ाइवेट लिमटेड पता: दूसरी मं6जल, फेज़-2, टावर 2, रायकरन टेक पाक , अंधेरी कुला रोड, साक0 नाका, अंधेरी (पूव) मुंबई,400072 नाम:

अिमत वमा
महेश सुभाष इनामदार

01-नवंबर- 2021

19-फरवरी- 2024 3,38,360 0.10%

अनुमोदन एमओसी&आई Qारा जारी िनदIश संbया 109 म4 िनधाPरत शत^ के अधीन है।

Minutes of the 48th Meeting of the Approval Committee held under the Chairmanship of Zonal Development Commissioner SEEPZ-SEZ, Mumbai for Sector Specific Special Economic Zone for IT/ITES of M/s. EON Kharadi Infrastructure Pvt. Ltd.–Phase-II SEZ, Kharadi, Pune, held on 15.10.2024 SEEPZM-SSEZ0MINF(EON2)/1/2024-O/o JDCP-SEEPZ SEZ I/72526/2024

1 Name of the SEZ M/s. EON Kharadi Infrastructure Pvt. Ltd.- SEZ, Phase II 2 Sector IT/ITES 3 Meeting No. 48th 4 Date 15.10.2024

Members present: Sr Name and Designation(S/Shri.) Department 1 Smt. Mital Hiremath Joint Development Commissioner Pune Cluster SEZ, Pune 2 Shri. Sanjay Bangar Deputy Director of Industries, Pune Region Nominee of Govt. of Maharashtra 3 Smt. Archana Parab, Asst. Commissioner, IT Nominee of Income Tax, Pune 4 Smt. Pushpa Gangawane. FTDO Nominee of DGFT, Pune 5 Shri Dhaval S Shirke, Superintendent Nominee of Customs, Pune

Special Invitee: Sr Name and Designation Department 1 Shri. Shambhu Dayal Meena Specified Officer SEEPZ-SEZ, Pune Cluster

Agenda Item No.01: Confirmation of the Minutes of the 47th meeting held on 16.08.2024

After deliberation, the Committee confirmed the minutes of the 47 th meeting of Approval Committee held on 16.08.2024

Agenda Item No.02: Action taken report for the minutes of the meeting held on 16.08.2024 After deliberation, the Committee has noted the Action taken report for the meeting held on 16.08.2024.

Agenda Item No.03: Application for approval of leasing out built up space for to vendor for setting up cafeteria facility in SEZ premises. submitted by M/s. EON Kharadi Infrastructure Pvt. Ltd. (Developer). The developer has submitted that the vendors are new to their respective processing areas. They have been allocated a total of 420 square feet of space within the The Developer has submitted the copy of Recreational Block Floor plan approved by Pune Municipal Corporation 18.07.2018 where the foods counters are clearly demarcated. Pune Municipal Corporation (PMC) has also granted final Fire NOC for Tower A and Recreational Block on 06.09.2018. The Developer has also submitted Form B issued by Omkar Firewise Pvt. Ltd. SEEPZM-SSEZ0MINF(EON2)/1/2024-O/o JDCP-SEEPZ SEZ I/72526/2024

regarding compliances of the Fire Prevention and Life safety Measures dated 01.07.2024 for Tower A, B and Recreational Block. After deliberation, the Approval committee approved the proposal of the Developer for the leasing out built up space to vendors for setting up their cafeteria facility in the processing area. in terms Rule 11(5) of the SEZ, as detailed below:

Sr. No. Name of Vendor Location Area in Sq.ft. 1. Ma Nanda Hospitality Unit No.17 Counter, First Floor 165 Sq.ft 2. Keshar Dairy Products Unit No.14, Counter, First Floor 90 Sq.ft 3. Cuisine Unit No.8, Counter Ground Floor 165 Sq.ft The approval is subject to the conditions laid down in Rule 11(5) of SEZ Rules, 2006 issued by MOC&I.

Agenda Item No.04: Monitoring of Performance for M/s. Citco Group Services (India)LLP

After deliberation, the committee noted the performance of the unit for 4 years of 1 st block period i.e. FY 2019-20 to 2022-23 during the period FY 2019-20 to 2023-24., in terms of Rule 54 of SEZ Rules, 2006. As detailed below:

The Unit has achieved export revenue of Rs. 949.54 Crores as against the projected export of Rs. 774.56 Crores on cumulative basis in FY 2022-23 The unit has achieved positive NFE of Rs. 909.12 Crores i.e., 95.74% on cumulative basis in FY 2022-23. The unit has achieved employment of 1654 employees (Men-1169, Women- 485) against the projected employment of 1660.in the 4th years of 1st block period.

Agenda Item No.05: Application for approval of Change in Nominee Designated partner and change in contribution in accordance. Submitted by M/s. Citco Group Services(India)LLP.

After deliberation, the Approval committee approved the proposal of change in nominee designated partner and change in contribution accordance. in terms of Instruction No. 109 dated 18.10.2021 issued by MOCI, as detailed below:

Approved Nominee Designated Partner and capital contribution:

Sr. no Approved Nominee Designated Partner and capital contribution

Name of the Designated Partner to LLP Through Nominee Designated Partner Appointment Date Contribution (Amt in Rs) Capital Contribution Percentage

Citco International Support Services Name:

Glenn

01-Nov-2021 34,04,93,677 99.9% SEEPZM-SSEZ0MINF(EON2)/1/2024-O/o JDCP-SEEPZ SEZ I/72526/2024

Limited Address: Nexus way, 2nd Floor, Camana Bay, KY-1-1205 Grand Cayman, Cayman Island Hassett

Laura Davey

04-Jan-2023 2. Citco Shared Services(India)Pvt.Ltd Address: 2nd Floor, Phase-2, tower 2, Raiskaran Tech Park, Andheri Kurla road, Saki Naka, Andheri (East) Mumbai,400072 Name:

Amit Verma
Mahesh Subhash Inamdar

01-Nov-2021

19-Feb-2024 3,38,360 0.10%

The approval is subject to the conditions laid down in Instruction No. 109 issued by MOC&I.

Meeting ended with a vote of thanks to the Chair.

(dानेeर भा पाटील, आईएएस) (Dnyaneshwar B. Patil, IAS) अ2य) एवं िवकास आयु, Chairman-cum- Development Commissioner

SEEPZM-SSEZ0MINF(EON2)/1/2024-O/o JDCP-SEEPZ SEZ I/72526/2024

ACTION TAKEN REPORT FOR THE APPROVAL COMMITTEE MEETING HELD ON 15.10.2024 IN RESPECT OF M/s. EON KHARADI INFRASTRUCTURE PVT. LTD-SEZ PHASE- II APPROVED ON 23.10.2024

Name of the Unit Subject Action Taken M/s. EON Kharadi Infrastructure Pvt. Ltd. (Developer)

Application for approval of leasing out built up space for to vendor for setting up cafeteria facility in SEZ premises.

Approval letter was issued to the unit on 24.10.2024 M/s. Citco Group Services(India)LLP

Monitoring of performance Approval letter for Monitoring of performance was issued to the unit on 24.10.2024 M/s. Citco Group Services(India)LLP

Application for change in board of directors Approval letter was issued to the unit on 24.10.2024

Year Export F.E. OUTGO

Projected

Actual Raw Material (Goods/Services) C.G. import Other outflow Projected Actual Projected Actual Actual 2019-20 13.46 10.18 0.00 0.00 20.99 3.79 0.37 2020-21 61.57 36.47

0.43 1.13 2021-22 98.55 42.84

-0.31 3.36 2022-23 108.43 47.06

5.52 3.85 2023-24 114.17 114.99

8.50 4.33 TOTAL 396.18 251.55 0.00 0.00 20.99 17.93 13.04 OFFICE OF THE DEVELOPMENT COMMISSIONER, SEEPZ SPECIAL ECONOMIC ZONE, GOVT. OF INDIA, ANDHERI (EAST), MUMBAI

AGENDA NOTE FOR CONSIDERATION OF APPROVAL COMMITTEE

a. Proposal : Monitoring of the performance of M/s. Altera Digital Health (India) LLP an IT/ITES located at EON Kharadi Infrastructure Pvt. Ltd.-SEZ, Phase-II for FY 2019-20 to 2023-24 of 1st Block period. b. Specific Issue on which decision of AC is required: -
Monitoring of the performance of the unit for 5 years from FY 2019-20 to FY 2023-24 of 1st Block period, in terms of Rule 54 of SEZ Rules, 2006. c. Relevant provisions of SEZ Act, 2005 & Rules, 2006/Instruction/
Notification :- As per Rule 54 of SEZ Rules, 2006 “Performance of the Unit shall be monitored by the Approval Committee as per the guidelines given in Annexure appended to these rules”. d. Other Information: - Approved Projections: (Rs. In Cr.)

2019-20 2020-21 2021-22 2022-23 2023-24 TOTAL FOB Value of Exports 13.46 61.57 98.55 108.43 114.17 396.18 FE Outgo 4.37 8.23 1.53 1.74 4.12 19.99 NFE 9.09 53.34 97.02 106.69 110.05 376.19 Performance as compared to projections: FY 2019-20 to 2023-24
(Rs. In Cr.)

Cumulative NFE achieved: (Rs. in Cr.) Year Cumulative NFE Achieved Cumulative % NFE Achieved 2019-20 9.44 92.67%

2020-21 44.36 95.08% 2021-22 83.45 93.25% 2022-23 125.72 92.07% 2023-24 234.59 93.26% Employment: (As per APR)

Approved Achieved Men 455 379 Women 195 204 Total 650 601 Reason for less export achieved: The unit stated that, as per their management decision, they were expecting more projects to be moved to India, considering the market situation in their parent company's location in the USA. However, due to the pandemic, there was a global slowdown in business, and most of the clients' contracts couldn't materialize in the USA. As a result, the projects that were supposed to be transitioned to India were reduced. Other Information: LOA No. & Date SEEPZ-SEZ/AILLP/37/2019-20/1645 Dated 06.4.2019 Location of Unit 3rd Floor. Tower B, EON-SEZ, Phase-II, Survey No72, Hissa No 2/1, Kharadi Pune-411014. Validity of LOA 16.02.2025 Item(s) of manufacture/ Services IT & ITES Date of commencement of production 17.02.2020 Execution of BLUT Rs. 23.12 Crores. Outstanding Rent dues NA Labour Dues NA Validity of Lease Agreement 10 Year Pending CRA Objection, if any NA Pending Show Cause Notice/ Eviction Order/Recovery Notice/ Recovery Order issued, if any NA Projected employment for the block period No. of employees as on 31.03.2023 601 (Men-379, Women-204) Area allotted (in sq.ft.) 71425.97 .Sq.ft Area available for each employee per sq.ft. basis (area / no. of employees) 118.84 Sq.ft Investment till date

Building 8.13 Crores Plant & Machinery 21.66 Crores Quantity and value of goods exported under Rule 34 (unutilized goods) NA Value Addition during the monitoring period NA

Whether all the APRs being considered now has been filed well within the time limit, or otherwise. If no, details of the Year along with no of days delayed to be given. Yes Specified Officer vide letter dated 09.01.2025 has reported as follows: EXPORT (Rs. In Crores)
Year/ Period Figures reported in APR Figures as per Softex/ Customs Records Difference if any Reason for Difference/Remark (1) (2) (3) (4) (5) 2019-20 10.18 10.64 -0.46 Difference is due to Exchange Rate 2020-21 36.47 36.12 0.35 2021-22 42.84 42.62 0.22 2022-23 47.06 47.73 -0.67 2023-24 114.99 114.07 0.92 IMPORT (Capital Goods including procurement done on IUT (from SEZ, EOU, STPI, EHTP) basis.)
(Rs. In Crores) Year/Period Figures reported in APR (FOB Value)/Figures for the year submitted by the unit Figures as per Customs Records (Actual) Difference if any Reason for Difference/Remark (1) (2) (3) (4) (5) 2019-20 4.72 4.72 0.00 NA 2020-21 0.43 0.43 0.00 2021-22 0.27 0.27 0.00 2022-23 5.53 5.53 0.00 2023-24 10.05 10.05 0.00 Raw Material (Rs. In Crores) Year/Period Figures reported in APR (FOB Value) Figures as per Customs Records Difference if any Reason for Difference/Remark (1) (2) (3) (4) (5)

2019-20 To 2023-243

0.00 0.00 0.00

BLUT (Amount in ‘Crores’) 1

Value of BLUT Executed (Duty foregone) (including for CG/ Raw Material/ Services)

Value of Additional BLUT executed Year: Date of acceptance BLUT amount: TOTAL value of BLUT Executed

Date of Acceptance BLUT Amount 07.08.2019 23.12 Crore Total 23.12 Crore

2 Total Duty Foregone on goods & services procured

Category Wise:

Year Wise:

FY Goods Imported & Indigenous Services Imported & Indigenous 19-20 1.76 2.05 20-21 0.08 2.08 21-22 0.05 1.91 22-23 1.63 2.72 23-24 2.33 2.86 Total 5.86 11.63

(d) Employment made as on date (31.03.2024) (as on end of block period/ year up to which monitoring is being done) Men: 397 Women: 204 Total No Employment :601 The unit submitted a declaration for the above staff strength dated 07.01.2025. (e) Details of Pending Foreign Remittance beyond Permissible period, if any (as on 31.03.2024) To cross-check the same and verify whether necessary permission from AD Bank/ RBI has been obtained.

No foreign remittance is pending as on 31.03.2024

(f) Whether all Softex has been filed for the said period. If no, details thereof. SO to also check whether unit has obtained Softex condonation from DC office / RBI and if approved, whether they have filed such pending Softex. Yes

(g) Whether all Softex has been certified, if so till which month has the same been certified. If not, provide details of the Softex and reasons for pendency. All Softex have been certified till 31-03-2024

(h) Whether unit has filed any request for Cancellation of softex No (i) Whether any Services provided in DTA/SEZ/EOU/STPI etc. against payment in INR in r/o IT/ITES Unit during the period. If yes, details thereof (year wise details to be provided)

No (j) SO to verify and certify whether the unit has updated the BLUT ledger Module in SEZ Online. NA (k) Has the unit cleared any Capital Goods procured duty free in DTA against Payment of Duty, or otherwise? Full details to be provided along with value of assets and duty discharged Yes Sr No Year Value in Lakhs Duty Lakhs 2 2021-22 58.47 23.25 1 2022.23 0.42 0.08 (l) Is the unit sharing any of their infrastructure with other units or are utilizing infrastructure of another unit in the same or other SEZ. If so, details thereof, including the details of the unit with whom the sharing is being made, and the payment terms If approval for sharing of common infrastructure has been obtained from UAC/DC office, the date of UAC/ Approval letter to be indicated No (m) Whether all DSPF for services procured during the said monitoring period under consideration has been filed by the unit and whether the same has been processed for approval by the SO Office. Yes

(n) Whether unit has filed all DTA procurement w.r.t. the goods procured by them during the monitoring period for the relevant period: If no, details thereof Yes (o) Details of the request IDs pending for OOC in respect of DTA procurement on the date of submission of monitoring report No (p) Has the unit set up any cafeteria/ canteen/ food court in unit premises. If yes, whether permission from UAC/DC office has been issued, or otherwise. Whether unit has availed any duty paid goods/services for setting up such facility? If yes, whether unit has discharged such duty/ tax benefit availed? details to be given including amount of duty/ tax recovered or yet to be recovered No

(q) Whether any violation of any of the provisions of law has been noticed/ observed by the Specified Officer during the period under monitoring. No

e. ADC’s Recommendation: The unit has achieved export revenue of Rs 251.55 Cr. against the projected export of Rs 396.18 Cr. on cumulative basis during 1st Block period i.e FY 2019-20 to 2023-24. The unit has achieved positive NFE of Rs. 234.59 Cr. i.e., 93.26% in FY 2023-24 on cumulative basis. The unit has generated employment of 601 (Men-379, Women-204) Approval committee may kindly monitor the performance of the Unit for 5 years from 2019-20 to 2023-24 of 1st Block period, in terms of Rule 54 of SEZ Rules, 2006.

Year Export F.E. OUTGO

Projected

Actual Raw Material (Goods/Services) C.G. import Other outflow Projected Actual Projected Actual Actual 2019-20 2.26 3.76 0.00 0.00 68.08 0.00 0.00 2020-21 218.60 110.29

15.15 0.58 2021-22 322.66 272.09

3.25 2.15 2022-23 509.81 459.88

0.00 4.80 2023-24 888.47 466.74

0.31 2.60 TOTAL 1941.79 1312.76 0.00 0.00 68.08 18.71 10.13 OFFICE OF THE DEVELOPMENT COMMISSIONER, SEEPZ SPECIAL ECONOMIC ZONE, GOVT. OF INDIA, ANDHERI (EAST), MUMBAI

AGENDA NOTE FOR CONSIDERATION OF APPROVAL COMMITTEE

a. Proposal : Monitoring of the performance of M/s. Northern Operating Solutions Pvt. Ltd an IT/ITES located at EON Kharadi Infrastructure Pvt. Ltd.-SEZ, Phase-II for FY 2019-20 to 2023-24 of 1st Block period. b. Specific Issue on which decision of AC is required: -
Monitoring of the performance of the unit for 5 years from FY 2019-20 to FY 2023-24 of 1st Block period, in terms of Rule 54 of SEZ Rules, 2006.

c. Relevant provisions of SEZ Act, 2005 & Rules, 2006/Instruction/
Notification :- As per Rule 54 of SEZ Rules, 2006 “Performance of the Unit shall be monitored by the Approval Committee as per the guidelines given in Annexure appended to these rules”. d. Other Information: - Approved Projections: (1st block Period) (Rs. In Cr.)

2019-20 2020-21 2021-22 2022-23 2023-24 TOTAL FOB Value of Exports 2.26 218.60 322.66 509.81 888.47 1941.79 FE Outgo 0.80 39.65 19.59 53.61 55.03 168.68 NFE 1.46 178.94 303.07 456.20 833.44 1773.11 Performance as compared to projections: FY 2019-20 to 2023-24 (Rs. In Cr.)

Cumulative NFE achieved: (Rs. in Cr.)

Year Cumulative NFE Achieved Cumulative % NFE Achieved 2019-20 3.76 100% 2020-21 111.95 98.16% 2021-22 380.04 98.42% 2022-23 833.29 98.50% 2023-24 1295.56 98.69% Employment: (As per APR)

Approved Employment Achieved Employment Men 1100 640 Women 900 289 Total 2000 929 Reason for less export achieved: The unit stated that, as per their management decision, they were expecting more projects to be moved to India, considering the market situation in their parent company's location in the USA. However, due to the pandemic, there was a global slowdown in business, and most of the clients' contracts couldn't materialize in the USA. As a result, the projects that were supposed to be transitioned to India were reduced. Other Information: LOA No. & Date SEEPZ-SEZ/EKIPL-SEZ/NOSPL/48/2019- 20 Dated 13.01.2020 Location of Unit 8th & 9th Floor, Tower B at EON Kharadi Infrastructure Pvt. Ltd. –SEZ, Phase-II, S. No. 72/2/1, Kharadi, Pune-411014. Validity of LOA 01.03.2025 Item(s) of manufacture/ Services IT & ITES Date of commencement of production 02.03.2020 Execution of BLUT Rs 122.97 Cr. (Taken from SO Report) Outstanding Rent dues NA Labour Dues NA Validity of Lease Agreement 15.10.2028 Pending CRA Objection, if any NA Pending Show Cause Notice/ Eviction Order/Recovery Notice/ Recovery Order issued, if any NA Projected employment for the block period No. of employees as on 31.03.2024 2000 (Men-1100, Women-900) 929(Men- 640, Women- 289) Area allotted (in sq.ft.) 142851.94Sq.ft Area available for each employee per sq.ft. basis (area / no. of employees) 153.76 Sq. Ft. Investment till date

Building NA Plant & Machinery 3354.76 Crore

Quantity and value of goods exported under Rule 34 (unutilized goods) NA Value Addition during the monitoring period NA Whether all the APRs being considered now has been filed well within the time limit, or otherwise.

If no, details of the Year along with no of days delayed to be given. Yes The Specified Officer report vide letter dated 08.01.2025 has reported as detailed below:

EXPORT (Rs. In Crores)
Year/ Period Figures reported in APR Figures as per Softex/ Customs Records Difference if any Reason for Difference/Remark (1) (2) (3) (4) (5) 2019-20 3.76 3.66 0.10 Difference is due to Exchange Rate 2020-21 110.29 108.92 1.37 2021-22 272.09 270.09 2.00 2022-23 459.88 455.16 4.72 2023-24 466.74 467.26 -0.52

IMPORT (Capital Goods including procurement done on IUT (from SEZ, EOU, STPI, EHTP) basis.)

(Rs. In Crores) Year/Period Figures reported in APR (FOB Value) Figures as per Customs Records Difference if any Reason for Difference/Remark (1) (2) (3) (4) (5) 2019-20 0.00 0.00 0.00 Nil 2020-21 15.15 15.15 0.00 Nil 2021-22 18.40 3.25 15.15 As per APR format the value reported is Cumulative Value, i.e, Total Value of CG Imported for the past 10 years (incl. this year). The Import as per CUSTOMS Records for this Year is 3.25 Crore.

2022-23 18.40 0.00 18.40 As per APR format the value reported is Cumulative Value, i.e, Total Value of CG Imported for the past 10 years (incl. this year). The Import as per CUSTOMS Records for this Year is Nil. 2023-24 18.71 0.31 18.40 As per APR format the value reported is Cumulative Value, i.e, Total Value of CG Imported for the past 10 years (incl. this year). The Import as per CUSTOMS Records for this Year is 0.31 Crore.

Raw Material (Rs. In Crores) Year/Period Figures reported in APR (FOB Value) Figures as per Customs Records Difference if any Reason for Difference/ Remark (1) (2) (3) (4) (5) 2019-20 To 2022-23 0.00 0.00 0.00

BLUT (Amount in ‘Crores’) 1 Value of BLUT Executed (Duty foregone) (including for CG/ Raw Material/ Services) Value of Additional BLUT executed Year: Date of acceptance BLUT amount: TOTAL value of BLUT Executed

Date of Acceptance BLUT Amount 06.02.2020 122.97 Crore Total 122.97 Crore

2 Total Duty Foregone on goods & services procured

Category Wise:

Year Wise:

FY Goods Imported & Indigenous Services Imported & Indigenous 19-20 0.15 0.00 20-21 7.80 4.23 21-22 2.12 10.36 22-23 0.84 14.94 23-24 0.29 14.91 Total 11.20 44.44

(d) Employment made as on date (31.03.2024) (as on end of block period/ year up to which monitoring is being done) Men: 640 Women: 289 Total No Employment :929

The unit submitted a declaration for the above staff strength dated 30.12.2024. (e) Details of Pending Foreign Remittance beyond Permissible period, if any (as on 31.03.2024) To cross-check the same and verify whether necessary permission from AD Bank/ RBI has been obtained.

No foreign remittance is pending as on 31.03.2024

(l) Is the unit sharing any of their infrastructure with other units or are utilizing infrastructure of another unit in the same or other SEZ. If so, details thereof, including the details of the unit with whom the sharing is being made, and the payment terms If approval for sharing of common infrastructure has been obtained from UAC/DC office, the date of UAC/ Approval letter to be indicated No (m) Whether all DSPF for services procured during the said monitoring period under consideration has been filed by the unit and whether the same has been processed for approval by the SO Office. Yes (n) Whether unit has filed all DTA procurement w.r.t. the goods procured by them during the monitoring period for the relevant period: If no, details thereof Yes (o) Details of the request IDs pending for OOC in respect of DTA procurement on the date of submission of monitoring report No (p) Has the unit set up any cafeteria/ canteen/ food court in unit premises. If yes, whether permission from UAC/DC office has been issued, or otherwise. Whether unit has availed any duty paid goods/services for setting up such facility? If yes, whether unit has discharged such duty/ tax benefit availed? details to be given including amount of duty/ tax recovered or yet to be recovered No

(q) Whether any violation of any of the provisions of law has been noticed/ observed by the Specified Officer during the period under monitoring. NA

e. ADC’s Recommendation: The unit has achieved export revenue of Rs 1312.76 Cr. against the projected export of Rs 1941.79 Cr. on cumulative basis during 1st Block period i.e FY 2019-20 to 2023-24.

The unit has achieved positive NFE of Rs. 1295.56 Cr. i.e., 98.69% in FY 2023-24 on cumulative basis. The unit has generated employment of 929 (Men-640, Women-289) Approval committee may kindly monitor the performance of the Unit for 5 years from 2019-20 to 2023-24 of 1st Block period, in terms of Rule 54 of SEZ Rules, 2006. 49

OFFICE OF THE DEVELOPMENT COMMISSIONER, SEEPZ SPECIAL ECONOMIC ZONE, GOVT. OF INDIA, ANDHERI (EAST), MUMBAI

AGENDA NOTE FOR CONSIDERATION OF APPROVAL COMMITTEE

a. Proposal : Monitoring of the performance of M/s UBS Business Solutions(India) Pvt. Ltd. an IT/ITES unit located in M/s. EON Kharadi Infrastructure Pvt Ltd.-Phase-II-SEZ, For the Last Year of 1st Block Period i.e. 2022- 23 (2018-19 to 2022-23) and First Year of 2nd Block Period i.e. 2023-24(2023-24 to 2027-28) b. Specific Issue on which decision of AC is required: -
Monitoring of the performance of the unit for Last Year of 1st Block Period i.e. 2022-23 During the FY 2018-19 to 2022-23 and First Year of 2nd Block Period i.e. 2023-24 During FY 2023-24 to 2027-28., in terms of Rule 54 of SEZ Rules, 2006. c. Relevant provisions of SEZ Act, 2005 & Rules, 2006/Instruction/
Notification :- As per Rule 54 of SEZ Rules, 2006 “Performance of the Unit shall be monitored by the Approval Committee as per the guidelines given in Annexure appended to these rules”. d. Other Information: - Performance as compared to projections: Last year of 1st Block period i.e. FY 2022-23 During the period FY 2018-19 to 2022-23. Original Approved Projections: (Rs. In Cr.)

2018-19 2019-20 2020-21 2021-22 2022-23 TOTAL FOB value of export 40 230 300 330 340 1240 FE outgo 123 0 0 0 0 123 NFE (83) 230 300 330 340 1117 Approved Projections: (Rs. In Cr.)

2018-19 Achieved 2019-20 Achieved 2020-21 Achieved 2021-22 Achieved 2022-23 Projected TOTAL FOB value of export 95.08 495.95 799.33 1027.71 340 2758.07 FE outgo 7.54 36.39 75.40 91.63 0 210.96 NFE 87.54 459.56 723.93 936.08 340 2547.11

Performance as compared to projections: (Rs. In Cr.)

Year Export F.E. OUTGO

Projected

Actual Raw Material (Goods/Services) C.G. import Other outflow Projected Actual Projected Actual Actual 2023-24 1384.31 1430.47 0.00 0.00 102.86 68.64 190.96 Total 1384.31 1430.47 0.00 0.00 102.86 68.64 190.96 Year Export F.E. OUTGO

Projected

Actual Raw Material (Goods/Services) C.G. import Other outflow
Projected Actual Projected Actual Actual 2022-23 340 1118.82 0.00 0.00 0.0 -41.67 99.67 Total 340 1118.82 0.00 0.00 0.0 -41.67 99.67

Cumulative NFE achieved: (Rs. in Cr.) Year Cumulative NFE Achieved Cumulative % NFE Achieved 2022-23 3222.94 91.12%

Employment Achievement (Direct): FY 2022-23

Approved Achieved Men 1239 1751 Women 531 903 Total 1770 2654

Performance as compared to projections: First year of 2nd Block period i.e. FY 2023-24 During the period 2023-24 to 2027-28

Revised Approved Projections: (Rs. In Cr.)

2023-24 2024-25 2025-26 2026-27 2027-28 TOTAL FOB Value of Exports 1384.31 4004.06 4214.02 4391.93 4563.06 18557.39 FE Outgo 266.44 856.94 845.14 869.17 903.52 3741.21 NFE 117.87 3147.13 3368.88 3522.76 3659.54 14816.18

Performance as compared to projections: (Rs. In Cr.)

Year Cumulative NFE Achieved Cumulative % NFE Achieved 2023-24 1229.31 85.94%

Cumulative NFE achieved: (Rs. in Crores)

Employment Achievement: FY 2023-24

Approved Achieved Men 5298 1500 Women 2852 614 Total 8150 2114 Other Information: LOA No. & Date SEEPZ-SEZ/EKIPL-SEZ/UBSPL/31/2018- 19 Dated 09.05.2018 Location of Unit 5th to 11th Floor, Building Tower-A, UPS A & battery Room on P1, EON Khradi Infrastructure Pvt. Ltd., Phase-II., S.No.72, MIDC Khradi, Pune-411014. Validity of LOA 30.09.2028 Item(s) of manufacture/ Services IT & ITES Date of commencement of production 01.10.2018 Execution of BLUT Rs. 1135.50 Crores. Outstanding Rent dues NA Labour Dues NA Validity of Lease Agreement 10 Year Pending CRA Objection, if any NA Pending Show Cause Notice/ Eviction Order/Recovery Notice/ Recovery Order issued, if any NA Projected employment for the block period No. of employees as on 31.03.2023 2114 (Men-1500, Women-614) Area allotted (in sq.ft.) 476666.96 .Sq.ft Area available for each employee per sq.ft. basis (area / no. of employees) 225.48 Sq.ft Investment till date Building 346.23 Crores

Plant & Machinery 142.41 Crores Quantity and value of goods exported under Rule 34 (unutilized goods) NA Value Addition during the monitoring period NA Whether all the APRs being considered now has been filed well within the time limit, or otherwise.

If no, details of the Year along with no of days delayed to be given. Yes The Specified Officer report vide letter dated 10.01.2025 has reported as detailed below: EXPORT (Rs. In Crores)
Year/ Period Figures reported in APR Figures as per Softex/ Customs Records Difference if any Reason for Difference/Remark (1) (2) (3) (4) (5) 2022-23 1118.82 1111.11 7.82 Difference is due to Exchange Rate 2023-24 1430.47 1416.05 14.42 Difference is due to Exchange Rate IMPORT (Capital Goods including procurement done on IUT (from SEZ, EOU, STPI, EHTP) basis.)
(Rs. In Crores) Year/Period Figures reported in APR (FOB Value)/Figures for the year submitted by the unit Figures as per Customs Records (Actual) Difference if any Reason for Difference/Remark (1) (2) (3) (4) (5) 2022-23 0.06 0.06 0.00 - 2023-24 69.43 69.43 (4.83+64.60) 0.00 The actual import as per CUSTOMS records for the Year is 4.83 crores and 64.60 crores pertains to Intra SEZ transfer from Credit Suisse Services AG under Request ID No 372700417163. Raw Material (Rs. In Crores)

Year/Period Figures reported in APR (FOB Value) Figures as per Customs Records Difference if any Reason for Difference/Remark (1) (2) (3) (4) (5) 2022-23 To 2023-24

0.00 0.00 0.00

BLUT (Amount in ‘Crores’) 1

Value of BLUT Executed (Duty foregone) (including for CG/ Raw Material/ Services)

Value of Additional BLUT executed Year: Date of acceptance BLUT amount:

TOTAL value of BLUT Executed

Date of Acceptance BLUT Amount 01.07.2018 42.12 02.07.2019 166.00 03.08.2023 62.64 18.04.2024 864.74 Total 1135.50

2 Total Duty Foregone on goods & services procured

Category Wise:

Year Wise:

FY Goods Imported & Indigenous Services Imported & Indigenous 22-23 2.44 20.14 23-24 22.25 36.04 Total 24.69 56.18 (d) Employment made as on date (31.03.2023) (as on end of block period/ year up to which monitoring is being done) Men: 1500 Women: 614 Total No Employment :2114

The unit submitted a declaration for the above staff strength dated 29.11.2024.

(e) Details of Pending Foreign Remittance beyond Permissible period, if any (as on 31.03.2023) To cross-check the same and verify whether necessary permission from AD Bank/ RBI has been obtained. No foreign remittance is pending as on 31.03.2024 (f) Whether all Softex has been filed for the said period. If no, details thereof. SO to also check whether unit has obtained Softex condonation from DC office / RBI and if approved, whether they have filed such pending Softex. Yes (g) Whether all Softex has been certified, if so till which month has the same been certified. If not, provide details of the Softex and reasons for pendency. All Softex have been certified till 31-03-2024 (h) Whether unit has filed any request for Cancellation of softex No (i) Whether any Services provided in DTA/SEZ/EOU/STPI etc. against payment in INR in r/o IT/ITES Unit during the period. If yes, details thereof (year wise details to be provided) No (j) SO to verify and certify whether the unit has updated the BLUT ledger Module in SEZ Online. NA (k) Has the unit cleared any Capital Goods procured duty free in DTA against Payment of Duty, or otherwise? Full details to be provided along with value of assets and duty discharged Yes Sr No Description Value in Lakhs Duty Lakhs 1 Batteries (24 Nos) Hazardous Waste 0.12 0.06 (l) Is the unit sharing any of their infrastructure with other units or are utilizing infrastructure of another unit in the same or other SEZ. If so, details thereof, including the details of the unit with whom the sharing is being made, and the payment terms If approval for sharing of common infrastructure has been obtained from UAC/DC office, the date of UAC/ Approval letter to be indicated No

(m) Whether all DSPF for services procured during the said monitoring period under consideration has been filed by the unit and whether the same has been processed for approval by the SO Office. Yes (n) Whether unit has filed all DTA procurement w.r.t. the goods procured by them during the monitoring period for the relevant period: If no, details thereof Yes (o) Details of the request IDs pending for OOC in respect of DTA procurement on the date of submission of monitoring report No (p) Has the unit set up any cafeteria/ canteen/ food court in unit premises. If yes, whether permission from UAC/DC office has been issued, or otherwise. Whether unit has availed any duty paid goods/services for setting up such facility? If yes, whether unit has discharged such duty/ tax benefit availed? details to be given including amount of duty/ tax recovered or yet to be recovered No (q) Whether any violation of any of the provisions of law has been noticed/ observed by the Specified Officer during the period under monitoring. NA e. ADC’s Recommendation:

The Unit has achieved export revenue of Rs. 1118.82 Crores as against the projected export of Rs. 340 Crores and achieved positive NFE of Rs. 3222.94 Crores which is 91.12% on cumulative basis in Last year of 1st Block period i.e. FY 2022-23 during the period FY 2018-19 to 2022-23 The Unit has achieved export revenue of Rs. 1430.47 Crores as against the projected export of Rs. 1384.31 Crores and achieved positive NFE of Rs. 1229.31 Crores which is 85.94 % on cumulative basis in 1st year of 2nd Block period i.e. FY 2023-24 As per SO report the unit has generated employment of 2114 (Men-1500, Women-614) as on date 31.03.2024. Approval committee may kindly monitor the performance of the Unit for Last year of 1st Block period i.e. FY 2022-23 during the period FY 2018-19 to 2022-23 and First Year of 2nd Block Period i.e. FY 2023-24 (Block period FY 2023-24 to 2027-28), in terms of Rule 54 of SEZ Rules, 2006.

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