Follow Us:
Thursday, July 19, 2018

Govt denotifies Adani SEZ on rules

The govt has cancelled Adani Group's SEZ in Mundra for alleged violation of three SEZ rules.

Written by Agencies | New Delhi | Published: October 16, 2012 3:01:03 pm

The government has cancelled Adani Group’s special economic zone in Mundra (Gujarat) for alleged violation of three SEZ rules.

Adani Ports and Special Economic Zone’s project did not conform to contiguity norms and violated a rule which requires the SEZ site to be vacant before approval is sought for the tax free zone. Besides,the site was land-locked.

“They had violated these three norms. Because of this,we have denotified their SEZ,” an official said.

However,the developer can approach again the Board of Approval in the Commerce Ministry to seek fresh permission.

“If they remove all the three anomalies,they can re-apply,” the official added.

When contacted,an Adani official said,”We will re-apply. We are in touch with the government. We have had several meetings on this issue.”

Adani Ports and SEZ had received permission to develop a multi-product 1,840 hectares SEZ.

For all the latest News Archive News, download Indian Express App