stalTn - Special Economic Zonesezindia.nic.in/upload/uploadfiles/files/83agenda2018.pdfThe developer...

14
16 .0 4 15.85 0 .1 9 0 .0 0 s inc e l a s t e x t e n s i o n (R s . in Cror c) I II 29 0. 1 8 1 2 1. 75 3 .2 0 1 1 3 93 51 . 30 (Rs. i n C ncnt a r & inc r e me n t al in v e s tme i Ov e r h ea d s e C o s t a l P r o c u rer C ost " ' "" i t mad e s o t al le r rv i '! O S e V L an d p e r e s ( iv ) ( Hi ) 0) No . 76 4. 0 5 1 309 5 7 5. 0 0 4 28. 1 0 130 .0 0 |Rs . i n C r o r e ) I T o ta l : : Other Ov erhe a d s , P la n t & Ma c hi n ery I L a n d C o st j T yp e o f Co s t il s of b us ine s s p l an: - 4 3 2 1 ( a ) De t (i) R eq ue s t of M/ s . May a r I n fr a s t r u c t u r e Dev elop men t P v t . L t d. fo r fu rt h e r e x te n si o n o f th e va li d it y o f f o rma l a pp r o v a l , g r a n t e d fo r s e tti ng up o f B i o te c hno l o gy Se c t o r S pe ci f ic S EZ a t Vi l l a g e R a hk a an d Nimo t h, T e h si l S o hu a , Gur g a o n ( Ha r y a n a ) b e yo nd 13. 07 . 2 018 . Na me of t h e d e vel ope r: M/ s . Ma y ar In f r a s tru c t ure De v e l opment P vt . Lt d . S e ct o r : B i o t ec hn olo g y s e ctor L o ca t i on : Villa ge R ah k a and Ntmo lh , T eh s i l S oh na, Gu rgaon ( Hary a n a ) E x t e ns io n: F orma t app ro va l to t h e d e v e lo p er ^a s gr ante d on 14 .07. 20 08. T he d ev e l op e r has b ee n g r a n t e d 0 7 ex t e n sio n s , l a s t e x t e n s i on was gr an ted o n 1 9 .07. 20 1 7 whi c h i s up to 1 3.07. 2 01 8. T he d ev e lop e r h a s req u e s t e d f o r furth e r ext e ns i on o f o ne ye ar i .e. up l o 1 3.07. 201 9. Th e S E Z s t an d s noli f ie d o n d t . 0 9. 0 9 . 20 0 8. n of v a l i d ity of fo r ma l a p pro val s ( o n e p rop o s al ) Ite m No . 83 . 8: R e qu me n t a ry Ag e nd a fo r the 8 3 mee ti ng o f tlic B o ar d o f App ro v al t o b e h e ld on b J une . 2 0 18 at 11 . 30 AJV1 . in R oo m No . 1 41 . Ud v o e B ha wa n. Ne w Del h i Su pp l e me n t a ry Ag e nd a fo r the 83 ' " me t

Transcript of stalTn - Special Economic Zonesezindia.nic.in/upload/uploadfiles/files/83agenda2018.pdfThe developer...

Page 1: stalTn - Special Economic Zonesezindia.nic.in/upload/uploadfiles/files/83agenda2018.pdfThe developer has also furnished photographs showing inffa Recommendation by DC; DC, NSEZ has

16.0415.85

0.19

0.00

since last extension

(Rs. in Crorc)

III

290.18121.753.20113 9351.30(Rs.inC

ncnt

ar & incremental investmei

Overheads

e Cost

al Procurer

Cost

"'"•"it made so

taller

rvi

'!OSeVLand

pe•res

(iv)(Hi)

0)

No.

764.051309575.00428.10130.00|Rs. in Crore)

I Total:: Other Overheads, Plant & Machinery

I Land Cost

j Type of Costilsof business plan:-

4321

(a) Det

(i) Request of M/s. Mayar Infrastructure Development Pvt. Ltd. for further extension

of the validity of formal approval, granted for setting up of Biotechnology Sector SpecificSEZ at Village Rahka and Nimoth, Tehsil Sohua, Gurgaon (Haryana) beyond 13.07.2018.

Name of the developer: M/s. Mayar Infrastructure Development Pvt. Ltd.

Sector: Biotechnology sector

Location: Village Rahka and Ntmolh, Tehsil Sohna, Gurgaon

(Haryana)Extension: Format approval to the developer ^as granted on

14.07.2008. The developer has been granted 07extensions, last extension was granted on 19.07.2017

which is upto 13.07.2018. The developer has requested

for further extension of one year i.e. uplo 13.07.2019.

The SEZ stands nolified on dt. 09.09.2008.

n of validity of formal approvals (one proposal)Item No. 83.8: Requ

mentary Agenda for the 83 meeting of tlic Board of Approval to be held on

b June. 2018 at 11.30 AJV1. in Room No. 141. Udvoe Bhawan. New Delhi

Supplementary Agenda for the 83'" met

Page 2: stalTn - Special Economic Zonesezindia.nic.in/upload/uploadfiles/files/83agenda2018.pdfThe developer has also furnished photographs showing inffa Recommendation by DC; DC, NSEZ has

NANANA

NA

NA

NA

NA

NA

NA

Deadline forcompletion

of balancework

0%0%0%

0%

0%

0%

0%

0%

completionduring last

100%100%100%

100%

100%

100%

100%

100%

100%

% completion

i max Services

nieation

pipelineeffluent

water bodies

other ctimm

lit plant and

and / or \^W1F1

Landseaping an

water harv

m and

it Ircdlm

Rain

III

Efflu

Electrical, Gas and Petroleum Natural

Gas Distribution Network includingnecessary sub-stations of appropriate

capacity, pipeline network etc.

rbage disposal plant,

r sewage and garbage

supply

Hals and

c and g

tie ant

al, Seivag

treatment plant, watc

(dedicated lines up to

channels of apptopriale

•t lighting. Si

vity

with Stre

rised act

Sewapipe!inlrasdispo

Wate

lines

RoadSigna

A"

(IX)

(Vlll

(VII)

(vi)

(v)

(IV)

(iii)

w

s.

No.

15.66

0.04

0.01

0.01

0.170.22

1.55

Incremental investment

since last extension

(Rs. in Core)

121.940.17

1.83

82.15

1.50

3.84

4.52

26.07

Total Investmentmade so far

(Rs. in Crore)

Total:

Miscellaneous Expenditure

Finance charges

Rent. Rates & Taxes

Travelling & Conveyance

Repair and Maintenance charges

OiTtec and Administration Expenses

Employment Remuneration and

Benefits

Type of CostDetails of Other Overheads:

(viii|

(V)

(iii)(ii)(i)

s.

No.

Page 3: stalTn - Special Economic Zonesezindia.nic.in/upload/uploadfiles/files/83agenda2018.pdfThe developer has also furnished photographs showing inffa Recommendation by DC; DC, NSEZ has

/.one (i.e. by 08.09.2018) in which at lea.

fith Rule 5(7) of SEZ Rules. 2006 by developer it is mentionedon 09.09.2008 for an area of 12.4928 hectare and additional area

06.01.2010. In thisregard.it is mentioned that as per Rule 5(7) ofSEZ Rules, 2006. "Ihe Deveh

up area (40000 Stfmt. in case onotification ofihe Special Eco.

s regard,

:s Pvt. Ltd. for setting np of

It may be mentioned here that recently the Approval Cot04.05.2018 had approved a proposal of M's Optimum Thcrapcnunit in the said SEZ and LOA has accordingly been issued to the s

The developer has also furnished photographs showing inffa

Recommendation by DC;

DC, NSEZ has recommended the request of extension of l.

The developer has mentioned that 19.65 acres area of Processing Zone is fully developed

and confined by 2.2 KM long and 2.4 meter height boundary wall. The Processing Zone mainly

comprises of the folio wingt-

Custom office building:227.11 Sqm.15BEZPlol:46078.95 Sqm.Biosafcty Plot:2438.11 Sqm.Bio port Building:23760.7 Sqm.

As per Rule 5(7) of SEZ Rules, 2006. "The Developer or; Co-developer shall have to

construe! the minimum built up area (40000 Sqmt. in case of Biotechnology SEZ) within a periodof ten years from the date of notification if the Special Economic Zone (i.e. hy 08.09.201S) in

which at least fifty percent of such area to be constructed within a period of five years from thedate of such notification." In tbe instant case approx. 9'/i years have elapsed from the date of

notification. The developer has constructed Bioport building admeasuring 23702 Sqml. built-up

area in SEZ. The developer has itrfomied that they are in process to leasing out 15 plots tointerested parties and several parlies have evinced keen interest in taking the plots on lease. The

developer has staled that they hope to complete this entire process in the next two year, upon

which the compliance of the provisions of Rule 5(7) of SEZ Rules, 2006 regarding constructionof minimum built-up processing area in SEZ will be fulfilled.

NANANANA

0%NA0%0%

ity 100%NA

| 100%' 100%

space for customs and secu

l exceeding 500 sqnt.

sheds in processin^ area

atvwall

d Micro irrigation systems

OfficestalTn

Factor

Bouni

Drip aCxi)XI

Page 4: stalTn - Special Economic Zonesezindia.nic.in/upload/uploadfiles/files/83agenda2018.pdfThe developer has also furnished photographs showing inffa Recommendation by DC; DC, NSEZ has

unt of investment by the ct

Recommendation by DC:

DC VSEZ has recommended the proposal.

The request of the co-developer is submitted for

M/s. Phoenix Financial District Pvt. Ltd has submitted a proposal for becodeveloper in the aforesaid SEZ for developing and construction the building and alsothe operations and maintenance of the building.

Item No. 83.9: Requests for co-devclopcr (5 proposals)

(i) Request of M/s. Phoenix Financial District Pvt. Ltd for co-developer status in theM/s. Phoenix Spaces Pvt. Ltd, IT/ITES SEZ at Sy. No. 285, Puppalguda Village, RajendcrNagar District, Telangana to develop and construct the Building and also undertake theoperations and maintenance of the building

such urea to be constructed within a period of five years from the date of suck notification". In

the instant ease the developer has constructed Bioport building for a built-up area admeasuring

23702 Sqmt. within approx. 91^ years hum the date of SEZ Notification. The developer hasinformed that they are in process to leasing out 15 plots to intetcstcd parties and several parlies

have expressed keen interest in taking the plots on lease. The developer has stated that they hope

to complete this entire process hi the next two years, upon which the compliance of the

provisions of Rule 5(7) of SEZ Rules, 2006 regarding construction of minimum built-upprocessing area in SF.Z will he fulfilled. Therefore, DOC may consider extension of lime lines

for next two years for construction of minimum built-up area by the developer after making

enabling provision in said Rule 5(7) empowering BoA for consideration of such extension asunder :-

(i). Suitable provision may be incorporated in SEZ Rules, empowering BoA tor consideringrequest of extension after 5 years, in case of 50% of work is not completed and after 10

years, when 100% work is not completed.

(ii).Ttds request may be considered after such enabling provision.

The request is placed before BoA tbr its consideration.

Page 5: stalTn - Special Economic Zonesezindia.nic.in/upload/uploadfiles/files/83agenda2018.pdfThe developer has also furnished photographs showing inffa Recommendation by DC; DC, NSEZ has

Recommendation by DC:

EtC VSEZ has recommended the proposal.

The request of the co-developer is submitted for consideration of BoA.

(iii) Request of M/s. Phoenix Tech Space India Pvt. Ltd for co-developer status in theM/s. Phoenix Spaces Pvt. Ltd, IT/ITES SEZ at Sy. No. for 286 & 287, Puppalguda Village,Rajender Nagar District, Telangana to develop and construct the Building and also

undertake the operations and maintenance of the building

The above mentioned SEZ stands notified over an area of 3.46 hectares.

M/s. Phoenix Tech Space Pvl. Lid has submitted a proposal for becoming a co-dcvelopcr

in (he aforesaid SEZ for developing and construction the building and also undertake theoperations and maintenance of the building.

lent dated 20,5,2018 enlered into with the developer has beenunl of investment by the co-developer in the SEZ is Rs. 280 Crates.

Recommendation by DC:

DC VSEZ has recommended the proposal.

The request of the co-developer is submitted for consideration of BoA.

(iv) Request of M/s. Phoenix Infrasoft India Pvt. Ltd for co-developer status in the M/s.Phoenix Ventures Pvt. Ltd, IT/ITES SEZ at Sy. No. 35 P & 36, Cachibowli Village,Serilingampally District, Telangana to develop and construct the Building and alsoundertake the operations and maintenance of the building

The above mentioned SEZ stands notified over an area of 2.89 hectares

M/s. Phoenix Soft Space Pvi. Lid has submitted a proposal for becoming a co-developer

e aforesaid SEZ for developing and construction the building and also undertake theitions and maintenance of the building.

(ii) Request of M/s. Phoenix Soft Space India Pvt. Ltd for co-developer status in theM/s. Phoenix Spaces Pvt. Ltd, IT/ITES SEZ at Sy. No. 286 & 287, Puppalguda Village,Rajender Nagar District, Telaugaua to develop and construct the Building and alsoundertake the operations and maintenance of the building

Page 6: stalTn - Special Economic Zonesezindia.nic.in/upload/uploadfiles/files/83agenda2018.pdfThe developer has also furnished photographs showing inffa Recommendation by DC; DC, NSEZ has

DC VSEZ has recommended the proposal

The request of the co-developer is submitted for consideration of BoA.

Item No. 83.10: Change of Shareholding Pattern Cases (2 proposals)

(1) M/s. Black Canyon SEZ Pvl. Ltd., Co-developer of IT/ITES SEZ of M/s. ASFInsignia SEZ Pvt. Ltd. at Village Cwal Pahari, Gurgaon (Haryana) - Proposal for changeof shareholding pattern of the company.

M/s. Black Canyon SEZ Pvl. Ltd. had been granted LoA dated 15th February, 201S by asa Co-developcr of the IT/ITES SEZ of M/s. ASF Insignia SEZ Pvt. Ltd. located at Village GwalPahari, Tehsil-Sohna, Distt- Gurgaon (Haryana) for "Consttuction, development, re

development, operations, management and maintenance of the Black Canyon Building and its

allied infrastructure and the Black Canyon Private Campus Land (hereafter collectively referredto as the "Black Canyon Undertaking") including maintenance / operations / management of

electrical and mechanical installations, fire detection and fire-fighting equipment, water supply

and waste disposal system and car parking spaces pertaining to Black Canyon Undertaking andrendering of security and cleaning services at Black Canyon Undertaking, and it further also

Recommendation by DC:

DC VSEZ has recommended the proposal.

The request of the co-developer is submitted for consideration of BoA.

(v) Request of M/s. Phoenix Infraspace India Pvt. Ltd for co-developer status in theM/s. Phoenix Ventures Pvt. Ltd, IT/ITES SEZ at Sy. No. 35 P & 36, Cachibowli Village,Serilingampally District, Telangana to develop and construct the Building and alsoundertake the operations and maintenance of the budding

The above mentioned SEZ stands notified over an area of 2.89 hectares.

M/s. Phoenix Tnftaspace India Pvt. Ltd has submitted a proposal for becoming a co-developer in the aforesaid SEZ for developing and construction the building and also undertakethe operations and maintenance of the building.

Co-developer agreement dated 29.5.2018 entered into with the developer has been

provided. The proposed amount of investment by the co-developer in the SEZ is Rs. 370 Crores.

M/s. Phoenix Infrasoll India Pvt. Lid has sdeveioper in the aforesaid SEZ for developing and cothe operations and maintenance of the building.

Page 7: stalTn - Special Economic Zonesezindia.nic.in/upload/uploadfiles/files/83agenda2018.pdfThe developer has also furnished photographs showing inffa Recommendation by DC; DC, NSEZ has

Reason for change in shareholding:

The Co-dcvclopcr vide its letter dated 28.03.2018 had informed that pursuant to theapproval of BoA to M/s. Black Canyon SEZ Pvt. Lid. as Co-developer in ASF Insignia SEZ Pvt.

Ltd. SEZ, they have already proceeded for transfer of Ihnding tie up with M/s. Piramal FinanceLimited and Ms. Piramal Enterprises Ltd. from ASF Insignia to Black Canyon. The co-

devdnper has further stated dial meanwhile diey have been advised by its Company Secretary

lhal ''Investment through not more than 2 layers of Investment Company" is permissible under

Section 186(1) of the Company's Aet, 2013. A copy of letter dated 22.03.2018 issued byCompany Secretary regarding this provision of Section 186 of Companies Act, 2013 has beenattached. The Co-developer has informed that having regard oflhe said requirement of law. since

would have been construed as "investment through more than 2 layers of investment companies).

for improving equity structure of Black Canyon (as per requirement put forth by die lenders),

they have infused further equity into Black Canyon directly from ASF Buildtech. The Co-developer has further mentioned that ASF Buildtech owns 79.02% equilv slake in ASF Insignia,and as such any investment by ASF Insignia in any ease would have conferred control upto ASFBuildtech. The co-developer has informed that in context of above, 16850 equity shares of Black

Canyon SE/. Pvt. Ltd. have been issued to ASF Buildtech Pvt. Ltd. for furdicr implementation of

the project pursuant to eo-developer approval granted to M/s. Black Canyon SEZ Pvt. Ltd.

Recommendation of DC:

Development Commissioner, NSEZ has recommended the proposal.

The request is placed before BoA for its consideration

100%19.00%81.00%% Shares

26850JO

50of shares

5121Nn

SEZ Pvt. Ltd.

b Pvt. Ltd.

eh older

Total:

ASF InsigniaASF BuildtecName of sba

%00%10%Shares

4951To

100004^005100No. of shares

hPvt.Ltd.

SEZ Pvt. Lid.reholdcr

Idle

sha

Total:ASFBuASF InNameo

includes providing / leashig spaces ,

Canyon Undertaking to eligible tenai

AreaofSEZ".

Details of shareholding pattern c

• Shareholding pattern at the tint

Page 8: stalTn - Special Economic Zonesezindia.nic.in/upload/uploadfiles/files/83agenda2018.pdfThe developer has also furnished photographs showing inffa Recommendation by DC; DC, NSEZ has

The developer had informed that Mr. Sumit Nanda, Mr. Puncel Nanda, Mrs. ShikhaNanda, M/s. Golden State Capital Pte. Ltd. & M/s. Reverse Age Health Services Pte. Ltd.

(formerly known as Start Ega Health Services Pte. Ltd.) have transferred their equityshareholding in the company to M/s. VIC Enterprises Pvt. Ltd. on 02.01.2018 & 08.03.2018.From the above, it may be seen that there has been change of 26% shareholding of the company.

The developer has submitted copy of Ceitiifrom "Dr. Fresh Health Care Pvt. Ltd." to "G'

13.04.2018.

Recommendation by DC:

M/s. Dt. Fresh Healthcare Pvt. Ltd., Developer for change of name of the company t<

"GTV Tech SEZ Private Limited" and 26% changes in shareholding pattern of the company i:

100.00%

26.00%

74.00%

% share

1905241

495400

1409841

No. of

hold

ding pattern w.cf.

Total:

VIC EnterprisesPvt. Ltd.

Mr. Vivek Chand

Name ofshareholder

Revised shareho02.01.2018

100.00%9.32%

0.18%1.00%2.24%

'•™

6.63%

/4.00%

% share

1905241177651

35001898142634

126317

126317

1409841

No. of

shares

held

Total:Mr. Puneet Nanda*

Mr. 11 C Nanda(deceased)*

Mrs. Shikha NandaMr. Smnit Nanda

Stan EGA HealthserviccsPte. Ltd., Singapore

The Golden State CapitalPtc. Ltd., Singapore

Mr. Vivek Chand Burman

Name of shareholder

Shareholding pattern as approved by BoA inits meeting held on 22.06.2016

(ii) Proposal of M/s. Dr. Fresh Healthcare Pvt Ltd. Developer of Electronics Hardware& Software including IT/ITES SEZ at Village Ghamroj, Tehsil-Sohna, Gurgaon-SohnaRoad, Gurgaon (Haryana) for change of name of the company to "GTV Tech SEZ PrivateLimited" and change of shareholding pattern of the company.

M/s. Dr. Fresh Healthcare Pvt. Lid. Developer of Electronics Hardware & Software

including IT/ITES SEZ at Village Ghamroj, Tehsil-Sohna, Gurgaon-Sohna Road, Gurgaon(liaryana) has submitted proposal for change of name of the company to "GTV Tech SEZPrivate Limited" and change in shareholding pattern of the company. The details of existingshareholding & proposed shareholding pattern of the company are as under :-

Page 9: stalTn - Special Economic Zonesezindia.nic.in/upload/uploadfiles/files/83agenda2018.pdfThe developer has also furnished photographs showing inffa Recommendation by DC; DC, NSEZ has

The request is placed before BoA for its consideration.

Item No. 83.11: Miscellaneous C^ses (3 proposals)

(i) Proposal of M/s. P.L.G. Incubation Services Pvl. Ltd., co-developer for increase in

area proposed to be developed in Ihe Electronics Hardware & Software including IT/ITESSEZ of M/s. Artha Infratech Pvt. Ltd. at Plot No. 21, Sector- Techzone-IV, Greater Noida.

M/s. P.L.G. Incubation Services Pvl. Ltd. had been granted Co-developer status on

17.12.2012 to develop One Tower (Tower No.-4) of approximately 1.6 lakhs sqft. (1,60,000Sqft) super area in the Processing Area for IT/ITES including Electronics Hardware & Softwareunits" over an area of 0.2601 Heclarc (2601 Sqml) land in the Electronics Hardware & Software

including IT/ITES SEZ of M/s. Artha Infratech Pvt. Ltd. The Co-developer had executed Boud-Cum-LUT which had been accepted by the Compelent Authority.

Now, M/s. P.L.G. Incubation Services Pvt. Ltd., Co-developer has submitted a proposal for

increase in buiit-up area from 1,60,000 Sqll lo 1,90,000 Sqll. of Tower No.-4. In this regard, the

Co-dcvclopcr has submitted copy of modified Co-developer agreement dated 26.04.2018executed with the developer. As per modified agreement co-developer shall pay a monetary

consideration for the differential value amounting to Rs. 1,17,50.000/- to the developer. The Co-

developer has also submitted copy of Board Resolution dated 24.04.2018 of M/s. Artha Infratech

Pvt. Ltd., Developer deciding for modification in built-up area of Co-developer from 1.6 lakhs

Sqft. to 1.9 lakbs Sqft.

nal area is covered under the permissible

Besides, the co-developer had also been requested by this office to execute amendment to

Tripartite Sub-Lease Deed dt. 02.04.2014 hi respect of already approved area of 0.2601 hectare(2601 Sqint.) land for a maximum period of 30 years instead of 90 years from the date ofapproval of LOA dated 17.12.2012 as per decision of the BoA given in its 66"1 meeting held on

27.08.2015. In this regard, (ho co-dcvcloper has stated that reduction of lease period from 90years to 30 years is not possible due to following:-

(i). Co-developcr approval had been granted by BoA in 2012 in which period of lease was 90years and at the time there was policy to granl approval [or 90 years by BoA. In 66Ul

meeting of BoA held on 27.08.2015, the Board decided that excluding the State of Kerala,the Co-dovolopcr approval will be granted for 30 yeats. This decision shall be applicableon approvals which are given on or after 27.08.2015 and should nol be applicable onapproval granted in 2012. Thus il shall not be applicable to them.

(ii). Further they have agreed to become Co-developer because of the period oflcase itself as at

the time the period was 90 years and if the period of lease would have been 30 years then

Page 10: stalTn - Special Economic Zonesezindia.nic.in/upload/uploadfiles/files/83agenda2018.pdfThe developer has also furnished photographs showing inffa Recommendation by DC; DC, NSEZ has

"HCL Technologies Ltd. is located at SEZ, Sect<The present numbers of employees within ihe campus ai

respect of proposed "Conve

447.69

Sqmt.)

447.69

Area per unit(in Sqmt.) asper FSWAR

applicable01

No. of

Units

"Convenience Store" under Instruction

No. 50 (A)(20) dt. 15.03.2010 i.e.'Employee welfare facilities like Creche,

Medical Centre and other such facilities',in Utility Block in the Processing Area ofSEZ.

Name of authorized activity

(i) .

S.No.

oposal for approval of 'Convenience

uthorized operation in Utility Block in the Processingof proposed additional authorized operations are re-

Ms. HCL Technologies Ltd. hrStore' ovct an area of 447.69 Sqmt as

Area of its IT/1TLS SEZ. The detailsproduced as undcr:-

(1 1) Proposal of M/s. HCL Technologies Ltd., Developer fauthorized operation (Convenience Store) in the processing artNo. 3A, 3B & ZC, Sector-126, Noida (U.P.).

ai before BoA for ihThe reque

they would not have accepted to become the Co-developer. Thus, it is not reasonable to

reduce the lease period from 90 years to 30 years now in 2018.

(iii).Moreover, they have availed a loan from Kotak Mahindra Bank Ltd. of approximatelyRs.35 Crore on the basis of the tripartiie Sub-Lease Deed and as per discussion with the

Bank, they have rcfiisud to get the lease period reduced from 90 years to 30 years as theloan has been granted to them afrer considering the period of lease itself and it is notpossible to repay the loan immediately. Thus considering the same period of lease shouldnot be reduced to 30 years from 90 years.

Recommendation by DC:

M/s. P.L.G. Incubation Services Pvt. Ltd., Co-developer of Eleolronks Hardware &

Software including IT/ITES SEZ of M/s. Artha Infratech Pvt. Ltd. at Plot No.21, Scctor-Techzone-IV, Greater Noida (LJrtar Pradesh) for increase in buill-up area from 1,60,000 Sqft to1,90,000 Sqft. of Tower No.-4 and approval for modified Co-developer Agreement dated26.04.2018 is forwarded / recommended herewith, for consideration by BoA. The proposal hasbeen recommended.

Page 11: stalTn - Special Economic Zonesezindia.nic.in/upload/uploadfiles/files/83agenda2018.pdfThe developer has also furnished photographs showing inffa Recommendation by DC; DC, NSEZ has

ncreial - Approved by BoA in ils mcctin

i (Utility | held on 16.05.2008 & conveye2323 ! vide DOC letter dated 30.05.2008.

iproved by BoA in its meetingId on 21.01.2008 & conveyed1c DOC letter dated 30.01.2008.

Description of Authorised

approved by BOA

Ltd., IT/ITESGurgaon

DC NSEZ has stated that the Board of Approval had granted approvals for such aelivilielike 'Shopping arcade / retail space & Essential Commercial - Micro Shopping (Utility Store)' aauthorized operation in the Processing Area in respect of following SEZs:-

80 percent of the employees are operating in 24 x 7 shift basis. Around 33 percent of itsemployees strength comprises of women employees. As an employee welfare measure for HCL

SEZ employees, it is proposed to open a Comcnicncc Store that will stock household items ofday to day usage to cater to employee needs within the SEZ Campus. The prcsenec of such a

store will be a boon to employee since it will take good care of their household needs whichotherwise gels challenging due to 24x7 shift timings. The convenience store will be located inthe HCL SEZ Campus at ^lot No. 3A, 3B & 2C, Scctor-126, Noida. For opening of aconvenience store in the processing area of SEZ, it is proposed to obtain an approval from the

Board of Approval. The provisioning of such a store in SEZ will help in providing a muchneeded relief to employees in terms of convenience and safety which will help in improving jobsatisfaction. This approval will go a long way in meeting the aspiration of HCL employees whohave been requesting for such a store since a long lime. The proposed area will be isolated

exclusively lor the aforesaid purpose only. The space will host packed items of daily householdneeds and it will he used exclusively only by the authorized HCL employees who ate operatingfrom the SEZ Campus."

It may be mentioned here that the Approval Committee in its meeting held on 05.01.2018had rejected the proposal of M/s. HCL Teclinologies Ltd., Developer for allotment of built-upspace to M/s. Lotus Bazar to setup & operate a 'Retail Store^ in the processing area of said SEZ

keeping in view that proposed activity 'Shopping arcade and / or Reiail space' can be setup only

in die Non-Processing Area of SEZ and these activities could not be peimitted in the ProcessingArea of SF.Z unless specifically so allowed bv the Board of Approval. It was further clarilied by

the Approval Committee that Approval Committee can approve only those activities which comewithin ambit of Rule 11(5) of SEZ Rules. Further, the Approval Committee advised the

appliealion for demarcation of Processing Area & Non-Processing Area to this office. After

obtaining approval for demarcation of Processing Area & Non-Processing Area from DC. NSEZ,

the deveioper may apply afresh for such activity in the non-processing area of SLZ. However

instead of demarcation of Non-Processing Area the developer has opted to obtain approval of

'Convenience Store' in Processing Area from the Board of Approval as additional authorized

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. As per the Layout, there is specific Entry and Exit point in the proposed sector of

Electronics hardware and sofiware (including Information Technology Enabled Services)which is situated within the notified area of Arshiya-FTWZ and is in the extremeNorthern end of the Arshiya notified area. The proposed exit entry point of 1T/ITESsector is opening on the main road inside the FTWZ which goes directly to the main entrygate of FTWZ.

observed that the proposed area for new sector can be fenced for separation from the rest

of the FTWZ.(b) The aea is vacant and there is no existing structure.

• ing:-5.06.2018,

keeping in view the past approvals given by the BoA.

The request is placed before BoA for its consideration

(iii) Proposal of M/s. Arshiya Ltd., for approval of additional sector i.e. electronichardware and software (including information technology enabled services) in the notifiedarea for FTWZ at Village Sai, Panvcl, Maharashtra_^

M/s. Arshiya Ltd. has stands notified over an area of 57.U45 hectares for FTWZ. The

developer has now requested for setting up of a sector specific SEZ for electronic hardware and

software (including information technology enabled services) at Village Sai, Panvcl,Maharashtra.

Approvae purv

matter has already been rejected by the Approval Committeeissioner, for allotment of space for Retail Store in processing

area ol SEZ and the developer has preferred to open the Convenience Store in the Processing

Area instead of demarcation of No n-Processing Area for ibis purpose as advised by the Approval

Committee, the proposal submitted by the developer in Online Form-C7 for approval of•Convenience Store" as authorized operation in Utility Block in the Processing Area of SEZ,

along with a certificate from the Development Commissioner, NSEZ to the effect that theauthorised operation proposed by the developer is outside his powers, in terms of Instruction No.

42 dl. 18.11.2009, with recommendation of DC. NSEZ, is forwarded herewith for consideration

by the Board of Approval. This office recommends this proposal for approval by the BoA, as this

endation by DC:Reco

Approved by Bo A in its meetinheld on 25.02.2008 & eonveyevide DOC letter dated 10.03.2008.

Lid. IT/ITES SEZ, Noida

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( of NTs. ArshiyaLtd. for

Recommendation by DC:

In view of the above facts and information explained^ (he rcque

additional sector is submitted and recommended before the BoA forRule 5 of SEZ Rules, 2006.

The request is placed before BoA for its consideration.

:ured by a boundary wall as per the Rules,sector is at the extreme Noithem end of the Notified ai "ea.

the boundary of the proposed W sector area is common as the

which is already secured. The remaining 25% of the boundary ofwill separate the FTWZ from the IT Sector will be erected on

1 have dedicated Customs o

of the movement of goods inlods will be under physical c

be clearly demarcated with a separate boundary

for both the sectors for

of the dedicated customsofficers posted foiThe entire Notified landThe proposed T

itofg

The area for both the se

d by the Specific Officeitted their reply on the is

3.Due to development of additional sector within the FTWZ, area ihe Tunctioning of FTWZwill be affected because the entry and exit of the proposed IT sector will be through thealready existing Arshiya-FTWZ entry gate. The working of both the sectors are different,identifiable and can be mentioned separately.

4.The area specified in the proposed IT sector appears to be contiguous as approximately75% of the boundary is demarcated.

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