Minutes of Approval Committee meeting for Pune-Cluster held on 19 Oct. 2023 — 00-minutes-embassy-pune

Minutes of the 89ft Meeting of the Approval Committee held under the Chairmanship of Zorld. Development Commissioner SEEYZ-SEZ' Mumbai for Sector Specifrc Special Economic Zone for IT/ITES of M/s. Embassy Pune TechZone Rrt. Ltd.-SEZ, Pune, held on !9.1O.2O23 via video conferencing s. Embassy Pune TechZone Rrt. Ltd.-SEZ [["me of the SEZ /ITES 2 Fe"tor gth eeting No. g t9.ro.2023 E["t" EaEg File No.S-SEZ-MINSOEPTP/1 /20224OCP Members present Special Invitee Sr ame and Designation epartment 1 hri Satbir Sharma e Cluster, SEZ, Pune ecified Ollicer After deliberation, the Committee confrrmed. the minutes of the 88s Approval Committee meeting held on 21.09.2023. Agenda Item No. O2: Application for Approval to l:ase out built-uP space for o1>-en .irt 6"oa Srall) to vendor to provide food facility irl SEZ premises submittcd by M/s. Embassy Pune TechZone Rrt Ltd.-SEZ (Developer). Before discussing agenda, chairman briefed the committee that, clarification was sought from MOC&I in respect to applicability of the Rule 11(5) of SEZ, Rules, 2OO6 vis a vis a unit or multiple units. In response vide letter dated 04.10.2023, the MOC&I has clarifred that, "as per Rule 1 1(5) of SEZ Rules, 2006 read harmoniously with Instruction No. 5O dated 15.03.2010, the facility developed by Developer/Co- Sr ame and Designation epartoent /shd. 1 mt. Mital Hiremath e Cluster SEZ, Pune oint Develop ment Commissioner 2 hri. Sandeep Sathe, ominee of Income Tax, Pune CIT-Circle 4, Pune 3 hri. Krishanadas Nair, ominee of DGFT, Pune 4 mt. Malathi J. Nair uperintendent ominee of Customs, Pune Agenda Item No.01: Confrmation of Minutes of the 88tr meeting held on 21.O9.2023

Developer is meant for use of all units of the zore, lt does not restrict use of facility for any particular unit only which would render such facilities unviable." After defiberation, the committee approved the proposal of the developer to l€ase out built-up space for open cart (Food star) to vendor to provide food facility in SEZ premises, in terms of Rule 1 l (5) of SEZ Rules, as detailed below: The unit in last year i.e.,2Ol7-18 of 2nd Block period has achieved export of Rs.1122.93Cr against the projected export ofRs.1O33.29Cr. i.e., lOS.AZo/o The unit has achieved NFE ofRs. 3862.3S i.e.,7B.ZO%o on cumulative basis in FY 2017-18. The unit in 2 years i.e., FY 2018-19 atd 2Ot9-2O of3rd Block period has achieved export of Rs. 2324,5OCr, as same as projected. HencJ they have achieved 100% export against the projections. The unit has achieved NFE ofRs. 1956.34Cr. i.e.,84.160/o in Fy 2019_20 on cumulative basis. The unit has achieved emplo5rment of 7888 employees (Men-4610, Women_ 3278). This approval is subject to the following conditions:

1. The Service Provider will not be eligible for any exemptions, drawback, concessions or any other benefits available under Section 7 or Section 26 of the SEZ Act for creating or operating such facilities.
2. Developer and Service provider shall adhere all the statutory compliances such as Fire NOC and other clearances required for setting up / running of such facility.
3. The facility will be for exclusive use of the employees of the units and the Developer. Agenda Item No. O3: Monitoring of performaace for M/s. IBM India Pr/t Ltd. After deliberation, the committee noted the performance of the unit, in terms of Rule 54 of SEZ Ru1es, 2006, for following period: i, Fy. 2017-18, last year of2nd Block period (2013_14 b 2077 _t8l ii. FY 2018-19 to 2Ot9-2O,2 years of3rd Block period (2018_19 to 2022_23r, The Committee noted the performance as below: Sr. No. Name of the Vendor Ipcation Area 1 M/s. Indo Iokyo Cafe Ground floor of Block I &2 (Colorado and Mississippi), Embassy Pune TechZone R/t Ltd.-SEZ 80sq.ft File No.S-SEZ-MINS0EPTP/1/2022-JOCP

File No.S-SEZ-MINS0EPTP/1 /2022-JDCP Meeting ended with a vote of thanks to the Chair. \D 7D' (Rqjesh Kumar Mishra, IRS) Chairman-cum- Development Conrmissioner