GOVERNMENT OF PUDUCHERRY

CHIEF SECRETARIAT

DEPARTMENT OF INDUSTRIAL DEVELOPMENT

(INDUSTRIES AND COMMERCE)

(G.O. Ms. No. 3/2013-Ind.A, dated 19th August 2013)

NOTIFICATION

Whereas pursuant to the Special Economic Zone Policy announced by the

Government of India and keeping in view of the potential for economic development

it offers, the Government of Puducherry has desired of setting up a

Special Economic Zone at Sedarapet and Karasur Revenue Villages near the port

city of Puducherry and made several agreements with the strategic partners;

And whereas, the Ministry of Home Affairs, Government of India in

consultation with Planning Commission and Department of Economic Affairs

informed in their letter, dated 6-8-2009, that in view of the several infirmities in the

selection process of the strategic partner and as no transparent bidding process

was followed, the Ministry could not approve the selection of strategic partner

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19 {

No.

57

Poudouchéry

Lundi

19

Août

2013 (28 Sravana 1935)

No.

Puducherry

Monday

19th

August

2013

[ 649 ]

650

LA GAZETTE DE L’ETAT

[ PART-I

650

online publication at “http://styandptg.puducherry.gov.in”

Government Central Press

Directorate of Stationery and Printing

Puducherry-9

and could not approve the transfer of any land to PIPDIC or SPV in which the

strategic partner is a member. And therefore, the Ministry of Home Affairs advised

the Government of Puducherry to cancel the entire agreement with the strategic

partner and not to part with the land in favour of PIPDIC or SPV (Special Purpose

Vehicle). And also the Ministry of Home Affairs advised the Government of

Puducherry to resume the land in case any part of land has already been transferred

to PIPDIC or the SPV;

And whereas, the Ministry of Home Affairs, Government of India vide letter,

dated 18-11-2009 have requested to intimate the action taken by Government

of Puducherry for resumption of land that has already been transferred to PIPDIC

or SPV;

And whereas, the Ministry of Home Affairs, Government of India, reiterated

the views stated in their letter, dated 6-8-2009 and advised the Government of

Puducherry to cancel the entire agreement with the strategic partner and not to

part with the land in favour the PIPDIC or SPV and to resume the land in case any

part of land has already been transferred to PIPDIC or the SPV;

And whereas, the Government has therefore decided to terminate the

agreements mentioned hereunder and accordingly accorded approval for termination/

cancellation;

Now, therefore, the Lieutenant-Governor, Puducherry is pleased to cancel

the following agreements made in connection with the setting up of

Special Economic Zone, Sedarapet-Karasur Villages, Puducherry.

(1) Development and State Support Agreement executed between

Government of Pondicherry and the Pondicherry Special Economic

Zone Company Limited, dated 28-8-2006 and Supplemental Agreement,

dated 13-2-2008.

(2) Share Subscription and Share Holders Agreement executed between

PIPDIC and Subhash Projects and Marketing Limited (SPML) and

Om Metals Infraprojects Limited [formerly known as Om Metals Limited

(OML)] and Pondicherry Special Economic Zone Company Limited,

dated 28-8-2006 and Supplemental Agreement, dated 12-2-2008.

(3) Lease and Possession Agreement executed between PIPDIC and the

Pondicherry Special Economic Zone Company Limited, dated 13-2-2008.

(By order of the Lieutenant-Governor)

P. RAJALAKSHMI,

Under Secretary to Government (Ind. & Com.).