Business Today

Govt cancels Adani Group SEZ in Gujarat, company to re-apply

Adani Group can approach the Board of Approval in commerce ministry to seek fresh permission for the special economic zone in Gujarat.

BT Online Bureau   New Delhi     Last Updated: October 16, 2012  | 17:35 IST

The government has cancelled Adani Group's special economic zone (SEZ) in Mundra (Gujarat) for alleged violation of three rules, including that the site was land-locked.

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

"Adani Ports and SEZ's project did not conform to contiguity norms and violated a rule that 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.

MUST READ:Myopic policies have dealt a body blow to SEZs

However, the developer can approach the Board of Approval in 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."

With inputs from PTI

Youtube
  • Print

  • COMMENT
BT-Story-Page-B.gif
A    A   A
close