Rescinds the sector specific Special Economic Zone for Gems and Jewellery at Ichhapor, Surat, in the State of Gujarat - S.O. 2438(E) - Special Economic Zone

MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) NOTIFICATION New Delhi, the 21 st August, 2015 S.O. 2438(E).- Whereas, M/s. Gujarat Hira Bourse, a fully private organization of the State of Gujarat, had proposed under section 3 of the Special Economic Zones Act, 2005 (28 of 2005), (hereinafter referred to as the said Act) to set up a sector specific Special Economic Zone for Gems and Jewellery at Ichhapor, Surat, in the State of Gujarat; And, whereas, the Central Government, in exercise of the powers conferred by sub-section (1) of section 4 of the said Act read with rule 8 of the Special Economic Zone Rules 2006 , had notified an area of 73.87.97 hectares vide Ministry of Commerce and Industry Notification Number S.O. 1185(E) dated 20th July, 2007; And, whereas, M/s. Gujarat Hira Bourse has proposed to de-notify the entire area of 73.87.97 hectares of the above Special Economic Zone; And, whereas, the State Government of Gujarat has given its No Objection to the proposal vide letter no. IC/Infra/SEZ-Cell/1045774 dated 24th February, 2015. And, whereas, the Development Commissioner, Falta Special Economic Zone has recommended the proposal for de-notification of the entire area of 73.87.97 Hectares of the Special Economic Zone; Now, therefore, in exercise of the powers conferred by first proviso to rule 8 of the Special Economic Zones Rules 2006 , the Central Government hereby rescinds the above notification except as respects things done or omitted to be done before such rescission. [F. No. F. 2/10/2004-SEZ] Dr. GURUPRASAD MOHAPATRA, Jt. Secy.