GLOBAL VILLAGE SEZ (BANGALORE) (2/2015 series) DATE : AGENDA--

Transcription

1 GLOBAL VILLAGE SEZ (BANGALORE) 25 th APPROVAL COMMITTEE MEETING (2/2015 series) DATE : AGENDA--

2 Global Village SEZ (Tanglin Developments Ltd.) AC Members Shri Madhup Vyas Director (SEZ), Government of India, Department of Commerce, Udyog Bhavan, New Delhi Shri S K Sharma Jt. Director General of Foreign Trade, C & E Wing, 6 th Floor, Kendriya Sadan, 17 th Main, 2 nd Block, Koramangala, Bangalore bangalore-dgft@nic.in Shri M V S Choudary, Commissioner of Central Excise, Bangalore III, Central Revenue Building, Queens Road, Bangalore bangaloreiii@gmail.com Shri Ashutosh Chandra Commissioner of Income Tax, Bangalore-III C.R.Building, Queens Road, Bangalore cit3.bangalore@incometaxindia.gov.in Shri Sanjeev Kumar Jindal, Deputy Secretary (IF-I), Ministry of Finance, Govt of India, Jeevan Deep Building, Sansad Marg, New Delhi Shri Srivatsa Krishna, Principal Secretary to Government of Karnataka, Department of IT, BT & Science & Technology, 6 th Floor, 5 th Stage, Multi Storeyed Building, Dr. B.R.Ambedkar Veedhi, Bangalore skrishna@gov.in, skrishna@outlook.com Shri Gaurav Gupta IAS Commissioner for Industrial Development & Director of Industries & Commerce, Govt of Karnataka, Khanija Bhavan, (South Wing), No 49, Race Course Road, Bangalore commissioner@karnatakaindustry.gov.in Shri Nitin Bagmane, Managing Director, Tanglin Developments Limited, Coffee Day Square, 23/2, Vittal Mallya Road, Bangalore nitin@gtvltd.com

3 Agenda for 25 th Approval Committee Meeting (2/2015 series) of Global Village Special Economic Zone to be held on 21 st May 2015 A) Confirmation of the minutes of the 24 th meeting (1/2015) of the Approval Committee held on B) Action taken on decisions of previous meeting. C) To consider the following: 1. Consideration of applications : a) Ratification of Letter of Approval issued to M/s.Sonata Software Limited for setting up of a new SEZ unit in Global Village SEZ. b) Request of the Developer, M/s.Tanglin Developments for Permission to install ATM at 2 nd Floor, Global Edge Building in an area of 50 Sq.Ft. D) Any other matter with the approval of the Chairman.

4 A) Confirmation of the minutes of the 24 th meeting (1/2015) of the Approval Committee held on KA: 07:06: Tanglin SEZ OFFICE OF THE DEVELOPMENT COMMISSIONER GLOBAL VILLAGE SPECIAL ECONOMIC ZONE ADMINISTRATIVE OFFICE: CSEZ: KAKKANAD KOCHI.. Minutes of the 24th Meeting (1/2015 Series) of the Approval Committee of Global Village (Tanglin) Special Economic Zone held on 9 th April 2015 The 24th Meeting (1/2015 series) of the Approval Committee of Global Village (Tanglin) Special Economic Zone, Bangalore, constituted under Section 13 of Special Economic Zones Act, 2005, was held on 9 th April 2015 at a.m in the Conference Room of SEZ Bhavan, 120-C, EPIP, Whitefield, Bangalore. Dr Safeena A N, Development Commissioner chaired the meeting. 2. The following members were present: a) Shri P V Pradeep Kumar, Addl.C.I.T (As a nominee of Shri D C Sreedhar, Commissioner of Income Tax, Bangalore III) b) Shri Srivatsa Krishna, Secretary to Govt of Karnataka c) Shri Gaurav Gupta Commissioner for Industrial Development & Director of Industries and Commerce, Govt of Karnataka) Leave of absence of Shri Madhup Vyas, Director, Department of Commerce, New Delhi, Shri Sanjeev Kumar Jindal, Deputy Secretary (IF-1), Ministry of Finance, New Delhi, Shri V Sraman, Jt. DGFT, Bangalore, Shri MVS Choudary, Commissioner of Central Excise and Customs, Bagnalore-II and Shri Nitin Bagmane, MD, Tangling Developments were noted. 3. At the outset the Chairperson welcomed the members of the Approval Committee. 4. The following items in the agenda circulated in advance, were thereafter taken up for consideration: A) Confirmation of the minutes The minutes of the 23 nd meeting (5/2014 series) of the Approval Committee held on 6 th August 2014 was confirmed. B) Action Taken on the decisions of the previous meeting

5 The Chairperson informed that the following decisions of the last meeting had been communicated: Sl No Approval Issued on 1 Request of M/s. Accenture Services Pvt. Ltd. for approval of additional services required in relation to the authorized operations. 2 Ratification of uniform default list of services circulated vide this office Circular No.1/2014 dated and Circular No.2/2014 dated as per uniform list of services expanded by the Department of Commerce, Ministry of Commerce & Industry C. Consideration of applications: C 1. Request of M/s. Accenture Services Pvt. Ltd. for approval for expansion of their premises in the SEZ. The proposal is to expand their operations in 3 rd, 4 th, 5 th and 6 th floor, in Tower D in Global Village SEZ with the following projections for a period of 5 years:- Sl. No. Description Existing Projection approval (Rs. In lakh) Additional Projection (Rs. In lakh) Total (Rs. Lakhs) FOB value of Exports for years period 2 Foreign Exchange Outgo NFE (1-2) Imported Capital Goods Indigenous Capital Goods 5 Employment (Men & Women) Men women Men women Men women The Committee after due deliberation approved the proposal for expansion of their premises in the SEZ. The proposal is to expand their operations in 3 rd, 4 th, 5 th and 6 th floor, in Tower D in Global Village SEZ. Sd/- (Dr. Safeena A N) Chairperson Approval Committee Global Village (Tanglin) Special Economic Zone

6 B) Action taken on decisions of previous meeting. Sl No Approval Issued on 1 Approval for the expansion of the project 24 th April issued to M/s Accenture services Pvt. Ltd.

7 C 1. Approval for application for setting up of units: a) Ratification of Letter of Approval issued to M/s.Sonata Software Limited for setting up of a new SEZ unit in Global Village SEZ M/s Sonata Software Limited is a global software solutions provider specializing in wireless, Telecom and IP Networking Technologies for multiple vertical industries. M/s Sonata Software Limited already has an SEZ unit in Global Village SEZ. The company has submitted an application on to set up 1 more SEZ unit in Global Village SEZ with the following projections. Item of manufacture/service Information Technology and Information Technology Enabled Service Employment 500 Nos. Men 375 Women 125 Exports for 5 years (Value) (Rs. in lakh) 1 st Year nd Year rd Year th Year th Year Total (INR) (In US$ thousands) Import of goods 0.00 Outflow for 5 years lakhs NFE for 5 years lakhs Foreign Equity participation No Area to be allotted in sq. mtr i) Built-up area sq mtr ii) Land - Requirement of Water KL Nature of effluent Not applicable Requirement of Power 900 Kilo Liters The unit is proposed to be set up in the newly notified area in the built-up space in Global Village SEZ. The unit expressed urgency in obtaining the LOA since they have already completed the lease procedures and have paid the rentals to the Developer and stated that they have to start their operation immediately to complete the orders in hand. In view of the urgency expressed by the company LOA has been issued to them on since the application is found to be in order as per Rule 17 of SEZ Rules, The matter is placed before the Unit Approval Committee for ratification.

8 C.1. Application by the Developer, M/s. Tanglin Developments Ltd for permission for installation of ATM in Global Village SEZ b) M/s.Tanglin Developments Ltd. The Developer has requested permission to use space 50 Sq.Ft. in 2nd Floor, of Global Edge Building in Global Village SEZ for installation of ATM machine by HDFC Bank for dispensation of Cash/Acceptance of Cash. As per instructions contained in Instruction No.50 dated 15 th March 2010, the DC s/uac s may allow Developer/approved Co-developers duty free goods and services for these default authorized operations from the date of notification of the SEZ and Space for Bank/ATM has been included as authorized activity which can be undertaken by the developer/approved co-developer by default from the date of notification vide the above instruction. The matter is placed for the consideration of the Committee. D. Any other matter with the approval of the Chairman...