CHANDIGARH ADMINISTRATION FINANCE DEPARTMENT NOTIFICATION — THE SPECIAL ECONOMIC ZONES ACT, 2005

CHANDIGARH ADMINISTRATION FINANCE DEPARTMENT NOTIFICATION The 27th October, 2006 No.31/1/429/UTF1(4)/6651 Whereas, to promote the growth of Information Services in Chandigarh, with an objective of providing employment; especially for skilled and educated workers; for enhancing the economic growth of the city and the region; for encouraging human resources development; higher education; technical education, and professional services by enhancing the demand for skilled workers; for encouraging economic activity and urban development of a nature that conserves the environment; and for encouraging induction of the latest technology in all possible spheres of economic activity, the Allotment of Campus Sites in Chandigarh Information Services Park Rules, 2002 had been framed enabling allotment of land within the Information Technology Park on free hold basis; And whereas, the Government of India has enacted the Special Economic Zone (SEZ) Act_ 2005 and notified Special Economic Zone Rules, 2006 and according to Rule 11 of the said Rules, land within any SEZ area can be allotted only on lease hold basis to enable the lessees to drive various benefits under the said rules; And whereas the Government of India vide notification bearing No S.O.1141(E) , dated 17.8.2005 and No: S.O. 738(E) dated 19.5.2006 has notified various areas of the aforesaid park as Special Economic Zone; And whereas, with a view to achieve the benefits available in Special Economic Zone by the lessees of various sites in the said Park; now onwards and also to make available the benefits of SEZ to the existing allottees of the said Park; it is necessary to make rules for allotment of various sites in the said Park on lease hold basis, in public interest; Now, therefore , the Administrator, Union Territory, C