Adani Requests Partial De-Notification of Mundra Multi-Product SEZ

25 Jan 2025 CW Team

The proposal will be examined during a meeting of the Board of Approval, which is the highest decision-making body for SEZs. This board, chaired by Commerce Secretary Sunil Barthwal, will meet tomorrow. According to the agenda of the meeting, APSEZ has requested the de-notification of 333.7396 hectares out of the total 8282.7670 hectares. The developer stated that due to intense competition in the solar market and the significant dumping of solar equipment into India, the units in the Electronics Manufacturing Cluster (EMC) have become economically unviable within the SEZ.

The developer further explained that to survive in this challenging market, it has become essential for these units to exit the SEZ. Consequently, the units in the EMC area have expressed their desire to cease operations within the SEZ framework. As a result, Mundra Solar Technopark, the co-developer, has requested the developer to de-notify the EMC area from the SEZ on an "as-is-where-is" basis.

The Gujarat government has no objections to the proposal and has asked for the processing of the partial de-notification application. The development commissioner of APSEZ has also urged the board to consider the proposal.

According to the SEZ Rules of 2006, the central government may modify, withdraw, or rescind the notification of an SEZ based on the recommendation of the Board, provided it is satisfied with the developer's application.

Additionally, the inter-ministerial board will review a proposal from Mundra Petrochem Ltd, APSEZ, Mundra, seeking a one-year extension for the grant of a Letter of Approval (LOA). Although the LOA was issued in December 2021, the project’s commencement and commissioning were delayed due to the COVID-19 pandemic and other issues. However, the project activities are now progressing at full speed.

SEZs are critical export hubs, accounting for over one-third of the country’s total outbound shipments in the previous fiscal year. These zones are treated as foreign territories for trade and customs duties, with restrictions on duty-free sales in the domestic market. The government has approved 423 such zones, 280 of which are operational, with 5,711 units approved in these zones.

Exports from these zones increased by over 4 per cent to $163.69 billion in 2023-24.

News source: Business Standard

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

Adani Ports & Special Economic Zone (APSEZ) has approached the Centre requesting the partial de-notification of its multi-product Special Economic Zone (SEZ) in Mundra, Gujarat. The commerce ministry is set to review the proposal on Friday. The proposal will be examined during a meeting of the Board of Approval, which is the highest decision-making body for SEZs. This board, chaired by Commerce Secretary Sunil Barthwal, will meet tomorrow. According to the agenda of the meeting, APSEZ has requested the de-notification of 333.7396 hectares out of the total 8282.7670 hectares. The developer stated that due to intense competition in the solar market and the significant dumping of solar equipment into India, the units in the Electronics Manufacturing Cluster (EMC) have become economically unviable within the SEZ. The developer further explained that to survive in this challenging market, it has become essential for these units to exit the SEZ. Consequently, the units in the EMC area have expressed their desire to cease operations within the SEZ framework. As a result, Mundra Solar Technopark, the co-developer, has requested the developer to de-notify the EMC area from the SEZ on an as-is-where-is basis. The Gujarat government has no objections to the proposal and has asked for the processing of the partial de-notification application. The development commissioner of APSEZ has also urged the board to consider the proposal. According to the SEZ Rules of 2006, the central government may modify, withdraw, or rescind the notification of an SEZ based on the recommendation of the Board, provided it is satisfied with the developer's application. Additionally, the inter-ministerial board will review a proposal from Mundra Petrochem Ltd, APSEZ, Mundra, seeking a one-year extension for the grant of a Letter of Approval (LOA). Although the LOA was issued in December 2021, the project’s commencement and commissioning were delayed due to the COVID-19 pandemic and other issues. However, the project activities are now progressing at full speed. SEZs are critical export hubs, accounting for over one-third of the country’s total outbound shipments in the previous fiscal year. These zones are treated as foreign territories for trade and customs duties, with restrictions on duty-free sales in the domestic market. The government has approved 423 such zones, 280 of which are operational, with 5,711 units approved in these zones. Exports from these zones increased by over 4 per cent to $163.69 billion in 2023-24. News source: Business Standard

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

Infrastructure Transport

05 Sep 2025

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Infrastructure Transport

05 Sep 2025

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..