NO BOUNDARIES FOR SEZ MERGERS

As per the SEZ (second amendment) rules published in the Gazette of India:-

• Cap on SEZs is no more sacrosanct
• Developer can set up 2 or more adjacent SEZs and merge them without worrying about the 5,000 hectares cap
• As individual caps remain, developers have to move judiciously instead of buying large chunks of land in one go
• Clarity on the definition of vacant land will help SEZs avoid legal hassles
• Developers can now build zones in areas with structures having no ongoing commercial activity