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 Transport

27 Jun 2026

Noida Airport Fuels NCR Realty Growth

The start of commercial operations at Noida International Airport has recently emerged as a major trigger for real estate growth across Noida, Greater Noida and the Yamuna Expressway region. The airport is expected to improve regional connectivity and support the next phase of development in eastern NCR.The airport, inaugurated on 28 March, has begun passenger services, while cargo operations are also expected to strengthen its role as an economic and logistics hub. Its operationalisation is expected to reduce dependence on Delhi’s Indira Gandhi International Airport for residents and busine..

thyssenkrupp and GlobalLogic Form AI Alliance

thyssenkrupp AG and GlobalLogic, a Hitachi Group company, have recently formed a strategic alliance to deploy autonomous robotics and Physical AI across heavy industry operations. The partnership aims to improve safety, reduce engineering bottlenecks and accelerate industrial transformation at scale.The alliance brings together thyssenkrupp’s industrial expertise with Hitachi’s innovation capabilities. It includes GlobalLogic, Method and Hitachi America R&D, creating a “Lab-to-Scale” pipeline that connects research, digital strategy, design and enterprise software engineering for i..

Platinum Corp Launches Luxury Suites in Santacruz

Platinum Corp has recently launched Platinum Stellar: Bespoke Presidential Suites, a premium residential project in Santacruz West, Mumbai. The development is positioned as a boutique luxury offering for homebuyers seeking expansive layouts, privacy and personalised living experiences.Located on Main Avenue, the project has been designed as a low-density, high-end residential address with spacious homes starting from 2,500 sq ft and extending to full-floor residences. The project targets HNIs, business owners and legacy residents from the Bandra-Khar-Santacruz belt.Platinum Stellar has been de..