Central Government rescinds the Notification No. S.O.1032(E) dated 31st March, 2017 - S.O. 1729 (E) - Special Economic Zone

MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) NOTIFICATION New Delhi, the 30th April, 2021 S.O. 1729 (E).- Whereas, M/s. Modern Asset (Phase-II) 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 Special Economic Zone for IT/ITES at Survey No. 2/2, Venkatala Village, Yelahanka Hobli, Bengaluru, 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 , notified an area of 3.22 hectares vide Ministry of Commerce and Industry Notification Number S.O.1032(E) dated 31st March, 2017; AND, WHEREAS, M/s. Modern Asset (Phase-II) has now proposed to de-notify entire area of 3.22 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. CI 356 SPI 2020 (E) dated 12.04.2021; AND, WHEREAS, the Development Commissioner, Cochin, Special Economic Zone has recommended the proposal for de-notification of entire area of 3.22 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.1/4/2017-SEZ] S. KISHORE, Addl. Secy.