Minutes of the Approval Committee Meeting held on 18.07.2024

Minutes of 75th Meeting of the Approval Committee for Sector Specific

Special Economic Zone of M/s. Gigaplex Estate Private Limited

• SEZ, at Airoli, under the Chairmanship of Development

Commissioner,

SEEPZ

held
on 18.07.2024,

at Second

Floor SEEPZ Service Centre, SEEPZ SEZ, Mumbai. Name of the SEZ Sector Meeting no Date Asff !'?iinbH+u qQa xiqja r'?f'2s M / s. Gigaplex Estate Private Limited. ai=ia /xi=5g=5gu IT/ITES ';'sfi" 7 5tli 18.07.2024 18.07.2024 W 8r. No. Name of Members Shri. C. P. S. Chauhan '!l ms< qr%<. 2 Shri. Leider Panicker

• fpsl m '# 3 Shri.

Himanshu

Dhar Pandey 4
muffl il-is =.<.ia Smt. Poonarn Darade Thsffl s-Da f'j-i?>-i 5 Smt. Manisha Binoy 'T( %J W Designation Jt.
Development Commissioner, Joint

Commissioner Income Tax v'-i P:axi=h asnqs.:!'l Deputy Director DGFI' Deputy

Director Industries Superintendent Customs M Organization SEEPZ-SEZ Nominee of Commissioner of Income Tax office. Mumbai Nominee of the Additional DGFT, Mumbai Nominee of DC Industries, Government of Maharashtra. Nominee of Commissioner of Customs (General), Air Cargo, Sahar. Mumbai

l'eaq =:qi4rio srs: Special Invitee:- Proiections on merger of LOAs Shri.

R.K.
Jain Gigaplex -SEZ Specified

Officer Shri Manish Kumar, ADC(New SEZ),
Smt. Rekha Nair, ADC(New SEZ) and
Shri. G.S. Bhandari,

ADC(New SEZ) also attended

for assistance

and

smooth

functioning

of the meeting. Agenda

Item

No.
01:
Confirmation

of Minutes

of
the

74th

meetings

held

on 29.04.2024. The
Minutes

of the
74th
Meetings

held on
29.04.2024

were

confirmed

with consensus. Agenda

Item

No.
02:
Approval

for
Merger of LOA

of Unit

2
into

Unit 1
LOA

at Gigaplex

Estate

Private

Limited-SEZ M/s. Worley India Private Limited M / s. Worley India Private Limited had requested

for approval

of Merger

of LOA
of Unit 2 into
Unit 1 at Gigaplex Estate

Private Limited-SEZ

i.e Unit
2 located

at Unit
No. 601, 6th
Floor, Building No. 2 into Unit
1 located

at ,Unit

701
&, 702
at 7th,
8th,
9th and 10th floor,

Building No.
2,
Gigaplex Estate

Private

Limited

SEZ,
IT Plot
No. 5, Airoli

Knowledge

Park,
IITC
Industrial

Area, Airoli (Wi Navi Mumbai - 400708.
The details are as under

Sr. No I-N'o-'- l 'i Item i7_ -'Men i Women Item Employment

2 Investment-Plant

and Machinery (Rs. In Lakhs) (i) (ii) Indigenous______ _ Imported Total Invest--men-t- Plant and Machi_n_e_ry

---

Import and Indigenous requirement of material and other inputs (Rs. In Lakhs) l'a I (i)I ImporgtoedoaCsapital (ii) Indigenous Capital goods 4 Tota__l

---

Services (Rs. In lakhs) (i) Imported Services (ii) Indi-genous Services FOB Va'lue'-o-f------ Exports (Rs. In Lakh_s)_________ ____ *Foreign Exchange outgo (Rs. In Lakhs) 5 6 7 ._

361.00 zsg5______ 8256.00 I 7895.00 361.00 8256.00 25810.01 _ 28_'?__Q.!_________o

399776.00 33705.00 366071.00

1. 316 755 210 252.58 5526.29 S'778 87 35.04 1221.28 1256 32 5526.29 252.58 5778 87 1221.28 35.04 1256 32 11722.10 20531.15 4256.01 2383.27 272554.17 17248.39 38434.00 5477.28 255305 78 32956 72 Location to be considered

nost mers;er of LOA 2 into 1:- Existing Address Unit No. LOA Details Letter

of
Approval

No. SEEPZ-SEZ/NEW- SEZ/GIGAPLEX- THANE/ JEIPL/07 /2016- 17/38274

Dated: 21.12.2016

(Original. LOA)

j j Unit 1 I Unit 2 Post merger address Unit

No.
601,

6th Floor,

Unit

701
&, 702 at 7th, 8th, 9'h and 10th
floor,

Building No.2,

Plot

no.
IT-5, Airoli

Knowledge Parks,

IITC
Industrial Area

Airoli,

Thane, Mumbai, Maharashtra,

India, 400708

Area on merger of LOA:- On merger 251550 Existing and Revised Proiections : Decision

:-
After

deliberations,

the Committee
approved
the proposal
of M/s. Worley

India

Private

Limited

for
approval

of Merger

of LOA
of Unit 2 into
Unit
1 LOA at Gigaplex Estate Private Limited-SEZ in terms of proviso of Rule 19 (2) of SEZ Rules, 2006. Agenda Item No. 03: Approval for Capacity enhancement on addition of location of an area
admeasuring

approx. 48,456

sq. ft

M/s. Accenture Solutions Private Limited. M/s. Accenture Solutions Private Limited at Gigaplex

Estate Private Limited-SEZ

(GEPL- SEZ)
had

requested

for
capacity enhancement

on addition

of location

viz. at Unit No. 501, 5th Office premises on 6th Level, Building No.6, M/s. Gigaplex Estate Private Limited-SEZ, Gigaplex IT/ITES Park, Plot No. IT5, Airoli Knowledge Park, TTC Industrial Area,
Airoli

and
Dighe, District

Thane, Navi Mumbai

of an area
admeasuring

approx

to 48,456

square

feet
in the
existing

Letter

of Approval

with
revision

in projections

for
2 years 2024-25

&, 2025-26.

The details

are as under :- The details w.r.t. the revised projections for Exports, Investments and Employment of the unit are as under: Sr. No Item Existing Projections Revised Projections 1. Employment Men Women Men Women 3394 2262 3630 2498

(Rs. In Croresl Sr. No. 1 Details Investment- Capital Goods (Rs. In Crores) Existing approved Projections for 5 years 3,89,739 sq. ft. (2021-22 to 2025-26 Existing Projections for Remaining 2 years 2024-25 &, 2025-26) Revised projections for remaining 2 years on addition of location 48,456 sq.ft. (2024-25 &, 2025- 26) I (i) Indigenous 112.79 48.39 53.77 (ii) Imported 45. 11 18.67 20.23 Total Investment Capital Goods 157.90 67.06 74.00 2. Investment in Raw material (Rs. In Crores) (i) Indigenous 0.00 0.00 0.00 (ii) Imported 0.00 0.00 0.00 Total Raw material 0.00 0.00 0.00 3. Values of Input Services (Rs. In Crores) (i) Indigenous 744.01 332.29 374.66 (ii) Imported 39.16 17.48 19.34 Total Services 783.17 349.77 394.00 4. FOB Value of Exports for 5 years (Rs. In Crores) 2781 .50 1112.60 1174.58 5. Foreign Exchange outgo for 5 years(Rs. In Crores) 'i84.l9 74.29 77.72 6. Net Foreign Exchange Earnings for 5 Years (Rs. In Crores) 2597.31 1038.21 1096.86

Revised Location on merger : Existing location Proposed Additional location Approved location Building

04,
4th,
5th,
6th office floors,

Building No. 06,
lat
to
4th
office premises,

Utility

Service area and Stilt Level, M / s. Gigaplex

Estate

Private Limited-SEZ,
IT/ITES
Plot No.
IT5, Airoli Knowledge Park-TTC

Industrial

Area, Airoli

&, Dighe,

District- Thane,

Navi

Mumbai- 400708. Unit

No.50l,

5th
Office premises

on

6th
Level, Building
No.6, M/s. Gigaplcx Estate

Private

Limited-SEZ, Gigaplcx IT/ITES Park,
Plot No.
IT5,
Airoli

Knowledge Park,

TTC
Industrial

Area, Airoli

and
Dighe,

District Thane, Navi Mumbai 400708 Building 04,
4th, 5th, 6th office floors,

Building No. 06, 1"t to 5th

office

premises,

Utility Service area and Stilt
Level, M/s.
Gigaplcx
Estate Private Limited-SEZ, IT/ITES Plot No. IT5,
Airoli

Knowledge

Park- TI'C
Industrial

Area, Airoli

&, Dighc,

District-Thane,

Navi Mumbai-400708. Admeasuring Area

3,89,739 Sq. Ft. 48,456 Sq. Ft. 4,38,195 Sq. Ft.(3,89,739 sq.ft

• 48,456 Sq. Ft.) Decision :- After deliberation, the Committee approved
  the proposal
  of M/s. Accenture Solutions

Private

Limited

for
capacity enhancement

on addition

of location

viz. at Unit No. 501, 5th Office premises on 6th Level, Building No.6, M/s.
Gigaplex Estate Private Limited-SEZ, Gigaplex IT/ITES Park, Plot No. IT5, Airoli

Knowledge Park, TI'C Industrial Area,
Airoli

and
Dighe, District Thane, Navi Mumbai

of an area
admeasuring

approx

to 48,456

square

feet
in the existing

Letter

of Approval

with
revision

in projections

for
2 years
2024-25

&, 2025-26

In terms

of Rule 19(2) of SEZ Rules, 2006. Agenda

Item

No.
04
: Monitoring performance

for

the

period

2019-20

to 2022-23

in the block

period

2019-20 to 2023-24-M/s. Finicity Technologies

Pvt. Ltd. Monitoring

performance

of
M / s. Finicity Technologies Pvt.
Ltd,

located in Unit
No- 601
&i602,

6th Floor,

Building No. 3, IT Plot No.
05
Airoli

Knowledge

Park,

Gigaplex Estate Pvt.
Ltd.
-SEZ,

TTC
Industrial

Area,

Airoli (W), Navi Mumbai, for the period 2019- 20 to 2022-23

in block

period

2019-20 to 2023-24. The unit
has submitted the APR for the period 2019-20 to 2022-23 duly certified by Chartered

Accountant.

The
export

and import data for the period 2019-20 to 2022- 23 was
retrieved

from

NSDL

for
cross verification with data submitted by them in the APR and same was found satisfactory. Decision :- After deliberation, the Committee noted
the performance of the unit
for the period

2019-20

to 2022-23,

as the unit had achieved positive NFE on cumulative basis in terms of Rulc 54 of SEZ Rules 2006. Committee also directed to issue Show cause notice for delay in submission of APRs for the period 2020-21

&, 2021-22. Meeting ended with the vote of thanks to the Chair.