The Mundra special economic zone does not qualify to be classified as a special economic zone (SEZ) as the SEZ Act lays down that the zone has to be built on an area vacant and free from all encumbrances. If the Mundra SEZ is disqualified by the government, it stands to lose all tax sops which come with the SEZ status. The Mundra SEZ is spread over an area of 2,648 hectares and was notified in June 2006.
Mundra Port and Special Economic Zone is principally engaged in providing port services for bulk cargo, container cargo, crude oil cargo and value- added port services, including railway services. It also generates income from land related and infrastructure activities.
Mundra Port and SEZ recently raised over Rs 1,700 crore in the Indian market.
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