B Ravi, Chief Financial Officer of Adani Ports and SEZ (APSEZ) informed that the firm has made several representations to the government seeking permission to develop the 1,840 hectare multi-product special economic zone.
It may be noted that in October 2012, the government denotified the SEZ at Mundra on grounds of violation of various SEZ norms.
The violation includes the SEZ not conforming to contiguity norms and being in violation of the rule which requires the tax-free zone site to be vacant before approval is sought.
Ravi said the issue of conforming to the contiguity norms has now been resolved and the company has made several representations to the government clearing its position.
The site was land-locked without means of proper transport. Under the contiguity norms for the SEZs, a developer is required to develop the zone on a single tract of land. Besides, the land should be vacant.
APSEZ hopes to get the approval in the present quarter itself, he said. It is learnt that the Board of Approval (BoA), the apex body for SEZs, has not yet taken up the matter.
Ravi also informed that de-notification of the SEZ did not affect Adani Ports existing businesses. The SEZ, adjacent to existing tax-free zone of the company at the same place, was first notified in March last year, and denotified in October.