Nagpur: Central govt denotifies SEZ in Phaltan, Satara

16 Sep 2024 CW Team

The special economic zone (SEZ) in Phaltan tehsil of Satara district was fully denotified by a gazette issued by the Central government on 11 September. In 2010, approximately 101.25 hectares of land from Survadi and Nandal villages in Phaltan had been designated as an SEZ for the engineering sector, with the intention of providing concessions to industries, boosting foreign investment, and creating jobs.

According to an official from the Maharashtra Industrial Development Corporation (MIDC), 48.17 hectares of this land had been denotified earlier in 2017. The official explained that the remaining land area of 53.08 hectares, which housed units of an industrial conglomerate, was now being de-bonded from the SEZ status. The conglomerate had opted to operate as a domestic tariff area (DTA), which means it would not be required to comply with duty-free regulations but would need to adhere to other industry regulations. The MIDC official, who requested anonymity, noted that the proposal for the full denotification of the SEZ had been put forward and the Central government had subsequently issued the gazette this week.

However, the Central government has instructed the state government to develop infrastructure in the denotified area to support the functions of the former SEZ and to ensure compliance with existing land use guidelines in the zone. The MIDC official also informed TOI that the denotification of the SEZ would not affect industrial operations, which would continue as before.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..