...
...
Next Story

Govt denotifies Adani SEZ for violating rules, firm to re-apply

The government has cancelled the Adani Group’s 1,840-hectare special economic zone (SEZ) in Mundra, Gujarat on grounds that it had violated norms and rules.

Updated on: Oct 16, 2012, 21:39:42 IST
Hindustan Times | By , New Delhi
Prefer HTon Google
Advertisement

The government has cancelled the Adani Group’s 1,840-hectare special economic zone (SEZ) in Mundra, Gujarat on grounds that it had violated norms and rules.

HT Image
HT Image

A government official said the Adani Ports and Special Economic Zone violated rules on contiguity of land, and also a rule that an SEZ site needs to be vacant before an approval can be sought to set up a duty-free enclave.

Ahmedabad-based Adani group led by billionaire Gautam Adani is operating India’s largest private port in Mundra, Kutch and is developing a multi-product SEZ on the Mundra coast.

Sources said the company can however approach the Board of Approval, the nodal authority for SEZs in India, with a fresh application after fulfilling the norms.

“The company has over 6,473 hectares of land notified as multi product SEZ, which has no relation with the aforesaid 1,840 hectares multi-product SEZ,” the company said in a statement. “We had sought clearance for this additional land ... for expansion in future. The clearance was turned down as the authorities felt that the proposed area lacked contiguity. We will seek clearance for this additional 1,840 hectares in due course.”

 
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
SHARE THIS ARTICLE ON
Hindustantimes wants to start sending you push notifications. Click allow to subscribe