Rescinds the sector specific Special Economic Zone for Biotechnology at Electronic City, Phase III, Bangalore in the State of Karnataka

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....Karnataka Biotechnology and Information Technology Services (KBITS) had proposed under Section 3 of the Special Economic Zones Act, 2005 (28 of 2005) (hereinafter referred to as the said Act) to set up a sector specific Special Economic Zone for Biotechnology at Electronic City, Phase III, Bangalore in the State of Karnataka; And, Whereas, the Central Government in exercise of the powers confer....