Govt denotifies Adani SEZ; company to re-apply
Quotes

Govt denotifies Adani SEZ; company to re-apply

Last Updated: Friday, October 26, 2012, 13:23
 
 Comment 0
 
Govt denotifies Adani SEZ; company to re-apply
New Delhi: The government has cancelled Adani Group's special economic zone in Mundra (Gujarat) for alleged violation of three SEZ rules.

Adani Ports and Special Economic Zone's project did not conform to contiguity norms and violated a rule which requires the SEZ site to be vacant before approval is sought for the tax free zone. Besides, the site was land-locked.

"They had violated these three norms. Because of this, we have denotified their SEZ," an official said.

However, the developer can approach again the Board of Approval in the Commerce Ministry to seek fresh permission.

"If they remove all the three anomalies, they can re-apply," the official added.

When contacted, an Adani official said, "We will re- apply. We are in touch with the government. We have had several meetings on this issue."

Adani Ports and SEZ had received permission to develop a multi-product 1,840 hectares SEZ.

PTI



First Published: Tuesday, October 16, 2012, 15:04


Comments


comments powered by Disqus
Audi TT Coupé
Audi TT Coupé
Shanghai Auto Show 2015
Shanghai Auto Show 2015
PM Narendra Modi in France
PM Narendra Modi in France
PM Modi`s Make in India push in Germany
PM Modi`s Make in India push in Germany
Renault Lodgy MPV
Renault Lodgy MPV

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved