Rescinds the sector specific Special Economic Zone for information technology and information technology enabled services including electronic hardware at villages B.M. Kaval and Rachanamadu, Kangeri Hobli, District Bangalore in the State of Karnataka - S.O. 2978(E) - Special Economic Zone

MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) NOTIFICATION New Delhi, 26 th October, 2015 S.O. 2978(E).- Whereas, M/s. Bhuvana Comforts Private Limited, a private organization in the State of Karnataka, 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 information technology and information technology enabled services including electronic hardware at villages B.M. Kaval and Rachanamadu, Kangeri Hobli, District Bangalore in the State of Karnataka; 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 12.4851 hectares vide Ministry of Commerce and Industry Notification Number S. O. 374(E) dated 05th March, 2012; And, Whereas, M/s. Bhuvana Comforts Private Limited has proposed to de-notify the entire area of 12.4851 hectares of the above Special Economic Zone; And, Whereas, the State Government of Karnataka has given its No Objection to the proposal vide letter no. I C/SEZ/ Bhuvana Comforts/NOC/2015-16 dated 25th May, 2015. And, Whereas, the Development Commissioner, Cochin Special Economic Zone has recommended the proposal for de-notification of the entire area of 12.4851 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.1/7/20011-SEZ] BHUPINDER S. BHALLA, Jt. Secy.