Tuesday, April 17, 2012

Karle SEZ gets Approval

Item No. 50.9: Requests for increase/decrease in area
(i) Request of M/s. Karle Infra Project Private Limited for increase as well as decrease in area of the sector specific SEZ for IT/ITES/BPO SEZ at Nagavara village, Bangalore North Taluk, Karnataka

After deliberation, the Board decided to approve the request of M/s. Karle Infra Project Private Limited for addition as well as de-notification of an equal area of 6.187 hectares, resulting in no change in the area of the SEZ. The approval is also subject to the contiguity of the SEZ being maintained and the DC’s certificate that the developer has refunded all the tax/duty benefits availed under SEZ Act/Rules in respect of the area to be denotified.

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