Central Government Approves Oil and Gas SEZ in Gujarat; Designated Inland Container Depot from February 2010

The Central Government has approved the establishment of a sector-specific Special Economic Zone (SEZ) for Oil and Gas, including petrochemicals, by a company in Gujarat. The SEZ will be located in Vilayat, Taluka Vagra, Bharuch, Gujarat, following the fulfillment of requirements under the Special Economic Zones Act, 2005. An Approval Committee has been constituted, comprising various government officials and representatives, to oversee the SEZ's development and operation. The SEZ is designated as an Inland Container Depot effective February 23, 2010, under the Customs Act, 1962.

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