The SEZ will create a surge of economic activities through exports, warehousing, trading, and provisions for related services at the IGIA. It will also liberalise and reduce procedural complexities in terms of applications, licensing, clearances, and reduce red tape, apart from providing tax benefits to entrepreneurs.
CT Bureau
Vinai Kumar Saxena, Lieutenant Governor, Delhi, has given his approval for setting up a SEZ and Free Trade Zone (FTZ), at the IGIA on an area of five acres. This move will give an economic boost to the Capital, the LG Office stated in a press release.
“Related to the cargo infrastructure and other allied activities, this SEZ/FTZ once operationalised will give a fillip to the logistics sector and catalyse the economic growth, apart from spinoffs for generating employment,” According to the LG Office. The LG approved the proposal taking note of the importance of developing an FTZ/SEZ at the airport hub, after ensuring that DDA gives a go-ahead for the same as per the provisions of MPD-2021.
“The Special Economic Zone would create economic activities through exports, warehousing, trading, and provisions for related services at the complex. It will also liberalise and reduce procedural complexities in terms of applications, licensing, clearances, reduce red tape, apart from providing tax benefits to entrepreneurs,” the release stated.
The Union Ministry of Civil Aviation has identified Delhi as a pilot air cargo hub which requires tier I, II and III level infrastructure, while DIAL has developed tier I and II infrastructure by way of developing two cargo terminals and logistics centres at the airport, it will achieve tier III once an SEZ/FTZ comes up at the airport complex, the official release stated.
“DIAL proposed setting up of two multi-product SEZs at the IGIA over 2.02 hectares each (5 acres) and requested for the Delhi government’s recommendation under SEZ Rules, 2006. Thereafter, the Industries Department, Government of National Capital Territory of Delhi (GNCTD) sought clearance of the DDA in the matter,” the release stated. “Since the development of Delhi as per the Master Plan of Delhi comes under the purview of DDA, the Industries Department vide its letter dated December 7, 2023, requested DDA to provide inputs on whether the development of such infra at the IGIA is permitted as per the Master Plan 2021,” the LG Office stated.
DDA letter dated January 3, 2024, after taking into consideration, traffic impact assessment and development control norms for transportation, laid out in MPD-2021, conveyed its consent subject to regulations, laid down by the AAI, it stated. “After the LG’s approval, in principle consent/agreement of GNCTD along with DDA’s observations, will be conveyed to the Union Commerce Ministry,” the press release from LG’s Office stated.
