m«r approval _greenfie… · subject: electronics manufacturing cluster scheme-"final...

m«r fHCfiHGOVERNMENT OF INDIA

~ 3lh ~ ~l~AIPIc61tj$llHliMINISTRY OF COMMUNICATIONS AND INFORMATION TECHNOLOGY

$H~c61 3lh ~ !JI'6IIPIc61fcrqprDEPARTMENT OF ELECTRONICS AND INFORMATION TECHNOLOGY

Website: www.deity.gov.in

~No ....••••.•.••• 36(26)/201S-IPHW (Vol. III)

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ToShri Nagarjan Raghavan,Chief Financial Officer,MIs. Sri City Private Limited85 Kutchery Road, Mylapore,Chennai -600 004

Subject: Electronics Manufacturing Cluster Scheme-"Final Approval" for settingup of Greenfield Electronics Manufacturing Cluster at Cherivi Village,Sathyavedu Mandal, Chittoor District, Andhra Pradesh.

References:

1. Final application submitted vide letter dated 215t July, 2015 and subsequentdocuments/communications submitted by applicant MIs. Sri City PrivateLimited.

11. EMC Scheme Gazette Notification no: 252 dated 22nd October, 2012[F.No. 8(50)/2011 - IPHW]

111. Guidelines for operationalization of EMC dated 15th April, 2013[F. No. 8(50)/2011-IPHW]

IV. Guidelines for Constitution of SPV for Implementation of EMC(s) dated30th January, 2014 [F. No. 8(131)/2012-IPHW]

Sir,

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Reference is invited to final application submitted vide letter dated 215t July,2015 and subsequent communications seeking grant assistance under ElectronicsManufacturing Cluster (EMC) Scheme from this Department for setting up ofGreenfield Electronics Manufacturing Cluster at Cherivi Village, Sathyavedu Mandal,Chittoor District, Andhra Pradesh. The said application and documents submitted byyou have been considered by the Department of Electronics and InformationTechnology (DeitY) and on the basis of the assurances and commitments made therein,I am directed to convey the approval of the competent authority for setting up ofGreenfield Electronics Manufacturing Cluster at Cheri vi Village at Sathyavedu Mandal,Chittoor District in Andhra Pradesh with a project cost of Rs. 56,74,72,176/- (RupeesFifty Six Crore Seventy Four Lakhs Seventy Two Thousand One Hundred and SeventySix Only), including Central Grant of Rs. 27,33,70,833/- (Rupees Twenty Seven CroreThirty Three Lakhs Seventy Thousand Eight Hundred and Thirty Three Only).

~•ELECTRONICS INDIABillion Needs Million Chips

ELECTRONICS NIKETAN6, C.G.O. COMPLEXNEW DELID-U0003

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http://www.deity.gov.in

2. The parameters of the project are mentioned hereunder. The area mentioned below isbeing notified as a Greenfield Electronic Manufacturing Cluster under the EMC Scheme ofDeitY.

# Project Parameters Details1. Name of the Applicant M/s. Sri City Private Limited (Chief Promoter)

2. Location of the Cherivi Village, Sathyavedu Mandal in Chitto or district,Greenfield EMC Andhra Pradesh

(Survey No's as715,725,727,728,730,420,399,400,395,396,383,381,385,386,397,387,430,431,392,388,391,393,407,408,409,410,411,412,413,414,415,416,417,728,730) (Refer Annexure B)

3. Area of the EMC Total Land area: 94.00 Acres• Processing area: 87.75 Acres (93.35%)• Non-Processing area: 6.25 Acres (6.65%)

4. Sector identified for Telecom products, IT hardware, Consumer and Industrialthe EMC Electronics, Set top boxes, Flat screen, LED, Automotive

Electronic, Electronics Manufacturing Services, PCBmanufacturing and Solar cells & Solar module manufacturers

5. Timelines for 6 months from the date of issue of final approvalformation of the SPV

6. Project Timeline Thirty Six (36) months from date of issue of final approval

TERMS AND CONDITIONS

3. This approval and Grant-in-aid is subjected to compliance by the Chief Promoter/ Spy (asthe case may be) to the EMC Scheme and Guidelines and other instructions, orders etc. issuedby the Government of India from time to time, and the terms and conditions stipulatedhereinafter. The terms used in this letter shall have the meaning ascribed to such terms inAnnexure A of this letter.

4. The Grant-in-aid has been approved on basis of the eligible activities, break-up ofproject cost and funding pattern as approved by the Competent Authority under ElectronicsManufacturing Clusters (EMC) Scheme. The Chief Promoter/ Spy (as the case may be)undertakes to comply with the eligible activities, break-up of project cost and funding patternas provided in the table below:

moun in upees

S.No Project Components Quantity Amount

A Basic Development1 Site Development

1.1 Site Grading/ Land Development 94 42,406,126(Cutting & Filling) (acres)1.2 Chain Link fencing (Mtrs.) 3667 3,646,353

Total Site Development 46,052,4792 Road Works2.1 1st and 2nd Cross - 18 Mtrs. (width) (Km) 1.054 14,145,1222.2 1st Avenue & 3rd Cross - 24 Mtrs RoW 1.889 25,351,172

At' R

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2.3 2nd Avenue - 31 Mtrs. RoW (EMC Road to 1.855 55,726,716Mango Blvd) (Krn)

2.4 EMC Road - 43 Mtrs. RoW (Banyan Circle to2.038 61,224,284Mango Blvd) (Km)

Total road works 156,447,2933 Banyan Circle (Nos.)

3.1 Banyan Circle (Providing Entry and exit to the 1 3,396,448EMC zone) (Nos.)

3.2 Culvert (2 Vent - 4m x 1.25m) - 18m RoW 2 2,178,418(Nos.)

3.3 Culvert (2 Vent - 4m x1.25m) - 43m RoW 2 4,356,836(Nos.)Total Banyan Circle 9,931,702

4 Bus Stops (Nos.) 10 4,000,0005 Traffic Control Signals (Nos.) 4 6,000,0006 Road Markings (Sq.m) 3691 1,748,5767 Sign Board (Nos.) 40 400,0008 Logistics Bay (l % of total area) (acre) 1 10,344,1629 Landscaping (Tree Plantation) (Kms) 4.985 5,900,850

Total Cost for Basic Development 240,825,063Sub - Total ( A)B Essential Services

1 Fire Station and Fire Fighting Facilities - 1nos. 4984 26,651,555(0) (Sq.ft)

2 Electrical Sub-Station

2.1 33 Kva Sub-station ( l nos.) & 2 Power 22,000,000Transformers (5 MVA)2.2 High Mast Light (Nos.) 6 3,000,000

2.3 Electrical Lines - 33 Kv - 1250000 (Line+Bay) 9.97 9,020,865- Single Circuit (Kms)

2.4 Electrical Lines - 33 Kv - 2500000 (Line +Bay) 4 6,268,475-Double Circuit (Krns)2.5 Solar Street Light(Nos.) 90 4,500,000

Total Cost for Electric Sub Station 44,789,3403 Utilities & Disposal

3.1 Water Supply and pumping station - 300mm 4.985 20,377,458Diameter -K7 (Kms)

3.2 Storm Water drain (with 300mm RC pipe - 9.97 11,598,890Both Side) (Km)3.3 Sewerage Treatment Plant (KLD) 2000 103,500,0003.4 Waste Disposal (Nos.) 1 5,186,000

Total Cost for Utilities 140,662,348Total Cost for Essential Services

Sub - Total ( B) 212,103,243

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C Support Services1 Testing Lab - l nos. ( G) (Sq.ft) 3000 19,001,999

2 Common Facility Centre - l nos. ( G) 20182 64,349,637( Sq.ft)..., Telecom (4 nos - 40/33 HDPE duct) (Km) 4.985 2,542,234.)

Total Cost for Support Services 85,893,870Sub - Total (C)D Welfare Services

1 Employee Mess (Ground Floor) - Inos. (G) 5500 19,050,000(Sq.ft)Total Cost of Welfare Services 19,050,000Sub - Total ( D)

E Government Regulatory Support/ Services1 Admin Office - l nos. ( G) (Sq.ft) 3000 9,600,000

Total Cost for Government RegulatorySupport/ Services 9,600,000

Sub - Total ( E)

F Total Infrastructure Development Project 567,472,176Cost ( A+B+C+ D+E)

5. The details of the project cost and Grant-in-aid of the project approved by the CompetentAuthority under the Electronics Manufacturing Clusters Scheme are as provided in the tablebelow. The Chief Promoter! SPY (as the case may be) undertakes to comply with the projectcost as provided herein.

Amount in Rupees

S.No. Parameter Area (In Acres) Project Cost Grant-in-Aid(From GoI)

1 Processing area 87.75 532,921,326 266,460,6632 Non-Processing area 6.25 34,550,850 6,910,170

Total 94.00 567,472,176 273,370,833

6. The Chief Promoter M/s. Sri City Pvt. Ltd. undertakes to ensure the contribution fromCluster units/Chief Promoter/financial institution so as to ensure the project finances are metto the tune of Rs.56.75 crore as mentioned by Chief Promoter M/s. Sri city Pvt. Ltd. in theapplication/DPR. The broad details of the financial contribution from various sources are asfollows:

Amount in CroresS.No. Funding Sources Amoun1 Grant-in-Aid from Gol 27.342 Contribution from Chief Promoter 3.573 Contribution from Constituent Units 14.194 Term loan from Syndicate Bank 11.35

Total 56.75

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7. Implementation Schedule: The project components wise implementation schedule ofthe Project approved by the competent authority under the Electronics ManufacturingClusters Scheme are as provided in the table below. The Chief Promoter/ Spy (as thecase may be) undertakes to implement the Project within the approved timelines. In theevent of considerable and persistent delay of the Project, Gol has the right to foreclosethe Project, appoint a new implementation agency for execution of the Project andrecover the entire Grant-in-aid released along with interest and penalties as stipulated inthis approval letter.

a) Total duration of the Project: 36 Months from the date of final approvalb) Project Component-wise time line

Particulars TimelineA) Basic Development 24 months (151to 24 months)1. Site Grading/ Land Development (Cutting & 6 months (15tto 6 months)Filling) & Chain Link fencing2. Road Works2.1) 1st and 2nd Cross - 18 m (width) 12 months ( 13thto 24 months)2.2 ) 1st Avenue & 3rd Cross - 24 m RoW 12 months ( 13thto 24 months)2.3) 2nd Avenue - 31 m RoW (EMC Road to 12 months ( 7thto 18thmonths)Mango Blvd)2.4) EMC Road - 43 m RoW (Banyan Circle to 12 months (15tto 12 months)Mango Blvd)3. Banyan Circle 6 months ( 19thto 24thmonth)3.1 a)Culvert (2 Vent - 4mx1.25m) - 18m RoW 6 months ( 15tto 6 months)&43mRoW4. Bus Stops 6 months ( 19thto 24 months)5. Traffic Control Signals 6 months ( 19thto 24 months)6. Road Markings 6 months ( 19thto 24 months)7. Sign Board 6 months ( 19thto 24 months)8. Logistics Bay 24 months ( 15tto 24 months)9. Landscaping / Street-scaping (incl. 5 Acre 12 months ( 15tto 12 months)Ground Cover)B) Essential Services 36 months ( pt to 36 months)10. Electrical10.1)33 Kva Sub station 12 months ( 15tto 12 months)10.2) High Mast Light 12 months ( 15tto 12 months)10.3) Electrical Lines - 33 KV - 1250000 (Line+ 12 months ( 15t to 12 months)Bay) - Single Circuit10.4) Electrical Lines - 33 KV - 2500000 (Line 12 months ( 151to 12 months)+Bay) -Double Circuit10.5) Solar Street Light 12 months ( 15tto 12 months)10.6) Fire Station - Building/ Interiors/ Fire 36 months ( pt to 36 months)Tender

11. Utilities & Disposal 24 months ( pt to 24 months)

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Particulars Timeline11.1 )Water Pipeline and pumping station - 24 months ( 1st to 24 months)300mm DI-K711.2 )Storm Water drain (with 300mm RC pipe - 24 months ( 1st to 24 months)Both Side)11.3 )Telecom (4 nos - 40/33 HDPE duct) 24 months ( 1st to 24 months)11.4) ETP/ STP Membrane technology including 24 months ( 1SI to 24 months)pipelines and pumping station11.5) Waste Disposal 24 months ( 1st to 24 months)C) Support services 36 months ( 1sl to 36 months)12. Testing Center - Building/Interiors/ 36 months ( 1sl to 36 months)Equipment13. Common Facility Center 36 months ( 1st to 36 months)14. Telecom 36 months ( 1SI to 36 months)15. Incubation Center 36 months ( 1st to 36 months)D) Welfare & Government regulatory 36 months ( 1st to 36 months)support services16. Admin Office 36 months ( 1SI to 36 months)17. Employee Mess Building 12 months ( 1st to 12 months)E) Others18. First Operational customer in EMC 18 months ( 1st to 181h months)19. Second Operational customer in EMC 24 months ( 1sl to 24 months)20. Total Five Operational customers in EMC 30 months ( 1SI to 30lh months)21. Project Completion 361h months

8. The Chief Promoter M/s. Sri City Pvt. Ltd. shall ensure that SPY is formed in fullcompliance of terms and conditions laid out in the 'Guidelines for constitution of SpecialPurpose Vehicle (SPV) for implementation of Electronics Manufacturing Clusters(EMCs)' dated 30,h January 2014, Electronics Manufacturing Cluster Scheme, theGuidelines and any other instructions issued by DeitY from time to time. In the event offailing to comply with the conditions laid out in EMC Scheme or Guidelines includingthe utilization of land or committing breach of the bond at any time, the Chief Promoteror the Spy (as the case may be) shall be liable to refund to the President of India theentire amount of the Grant-in-aid with interest @Prime Lending Rate (PLR) per annumprevailing at that time and as notified by Reserve Bank of India. The Chief Promoter orthe SPY (as the case may be) will also be liable to such other penalties as provided underthe approval and any other law. DeitY may also take legal action for recovery of the duesas may be considered appropriate.

9. The Chief Promoter or the SPY (as the case may be) shall execute a bond forproper utilization of grant wherein it shall undertake that it shall abide by the terms andconditions specified in the approval letter, the terms of the Scheme and Guidelines andany other instructions issued by the Department of Electronics and InformationTechnology from time to time. The Chief Promoter or the Spy (as the case may be) shallalso be required to provide a Self-certified undertaking that they have not obtained orapplied for grants for the same purpose or activity from any other Ministry orDepartment of the Government of India or State Government. In the event of failing tocomply with the conditions laid out in EMC Scheme or Guidelines including theutilization of land or committing breach of the bond at any time, the Chief Promoter or

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the SPY (as the case may be) shall be liable to refund to the President of India the entireamount of the Grant-in-aid with interest @ Prime lending Rate (PLR) per annumprevailing at that time and as notified by Reserve Bank of India. The Chief Promoter/SPY will also be liable to such other penalties as provided under the approval and anyother law. DeitY may also take legal action for recovery of the dues as may beconsidered appropriate.

10. The Chief Promoter or the SPY (as the case may be) shall create an Escrow accountwith a Nationalized Bank and shall provide the details thereof to the Department ofElectronics and Information Technology (DeitY), Government of India. The Governmentof India shall enter into a Tripartite Agreement (TPA) with Chief Promoter or the Spy(as the case may be) and the Bank where the escrow account of the Chief Promoter or theSPY (as the case may be) is maintained for proper utilization of the central grant. Theterms of the escrow account shall be as approved by the Government of India.

11. The Chief Promoter or the Spy (as the case may be) shall ensure that minimum80% of the land of the Electronic Manufacturing Cluster shall be allotted to processingarea while remaining 20% of the land may be allotted for non-processing area. The ChiefPromoter or the SPY (as the case may be) shall ensure that a minimum of 75% unitswithin the EMC should be from among the verticals covered under Modified SpecialIncentives Package Scheme.

12. The disbursement of Grant-in-aid will be made on pro-rata basis i.e. allproportionate payments to be released after the corresponding amount is mobilized anddeposited in escrow account by the Chief Promoter or the SPY (as the case may be) andother necessary conditions for release of such payments as prescribed have beencomplied with.

13. The first installment of Grant-in-aid (i.e. 20% of the Grant-in-aid) to be releasedafter submission and signing of the requisite administrative legal documents viz. Bond,Memorandum of Agreement, Tripartite Agreement (TPA), Bank Guarantee etc. andcompliance of other terms & conditions as mentioned in the approval letter and fulfillingof the below mentioned criteria's i.e.

a) The Chief Promoter shall provide a firm financial commitment from theconstituent units for funding of Rs. 14.19 crore towards the said Greenfield EMCand shall also submit the Bank account statement showing the collection of atleast 10% of 25% financial contribution (i.e.Rs.1.42 crore) from constituent units.

b) Submission and execution of the administrative legal documents viz. Bankguarantee, Bond, Memorandum of Agreement and Tripartite Agreement etc.

The second subsequent installments will be released as mentioned below: (To be releasedto the SPY after execution of the Novation Agreement)

1. Second installment i.e. 30% of the Grant-in-aid to be released on complying thefollowing conditions:

a) The SPY should be constituted in compliance with the requirements of"Guidelines for constitution of Special Purpose Vehicle (SPV) forimplementation of Electronics Manufacturing Clusters (EMCs) , dated 30thJanuary, 2014".

b) There should be at least one representative of the concerned Government orits agency on the Board of Directors in the SPY.

c) Submission of approved layout plans

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d) Allotment of land to at least 5 constituent units (or at least 10% of landwhichever is higher)

e) Submission of application(s) under M-SIPS by at least 2 constituent units ofthe EMC.

f) After utilization of 80% of first installment and proportionate contributionfrom constituent units/Financial Institution.

11. Third installment i.e. 30% of the Grant-in-aid will be released on compliance thefollowing conditions:

a) Allotment of land to at least 7 constituent units (or at least 20% of landwhichever is higher)

b) At least two constituents units should have started setting up ofmanufacturing facilities or at least one constituents units should havestarted construction within the EMC.

c) Submission of application(s) under M-SIPS by at least 3 constituent units ofthe EMC.

d) The structure of the SPY should comply with the "Guidelines forconstitution of Special Purpose Vehicle (SPV) for implementation ofElectronics Manufacturing Clusters (EMCs) dated 30th January, 2014".

e) Submission of all pending approvals viz. fire-fighting plan, clearancefrom Chief controller of Explosives etc. from the concerned authorities

f) After utilization of 80% of second installment and proportionatecontribution from constituent units/ Financial Institution.

Ill. Fourth Installment i.e. 20% of the Grant-in-aid will be released on complying thefollowing conditions:

a) Allotment of at least 80 % of the saleable land to the constituents unitsb) The production should have been commenced by at least first allottees of

the land.c) Construction and setting up of manufacturing facility should have been

started by 50 % of the land allottees.d) Successful completion of the project.

14. The Government of India's disbursement will be effected to the escrow accountonly when proportionate contribution from the Chief Promoter or the SPY (as the casemay be) is deposited in the escrow account. All the payment to the Chief Promoter or theSPY (as the case may be) will be released subject to and in accordance to clause 6.13 ofthe EMC Guidelines. The deposits in the escrow account shall be utilized only forauthorized expenditure for the approved project. The Bank Guarantee mentioned inclause 6.13 of the EMC Guidelines shall be in a form acceptable to DeitY.

15. The Chief Promoter or the SPY (as the case may be) shall provide status onquarterly basis to Project Review Committee (PRC)! DeitY on physical/financialprogress and the units being set up/ proposed to be set up in the EMC and ensure that atleast 75% of the units would be engaged in manufacturing electronics products asmentioned in M-SIPS Scheme.

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16. In the event of considerable and persistent delay of the project, DeitY has theright to foreclose the project, appoint a new implementation agency for execution of theproject and recover the entire Grant-in-aid released along with penalties.

17. Any escalation in the approved project cost will have to be fully borne by the ChiefPromoter or the SPY (as the case may be).

18. The Grant-in-aid sanctioned by the Government of India would be utilized onlyfor the project components mentioned in this letter.

19. Any enhancement in the cost of the individual project components shall be solelyborne by the Chief Promoter or the SPY (as the case may be). The Chief Promoter or theSpy (as the case may be) shall arrange additional funds, if any required, to meet timeand cost overruns. The Central grant for the purposes shall be limited to amountapproved for Grant-in-aid as per this approval letter.

20. In the event of reduction of cost in a project component, the Central grant shallautomatically get reduced on pro-rata basis for the said project component.

21. It shall be the responsibility of the Chief Promoter or the SPY (as the case maybe) to obtain necessary approvals and clearances as applicable before implementation.

22. The Chief Promoter or the SPY (as the case may be) shall submit the"Utilization Certificate" on the basis of audit done by Chartered Accountant and afterthe acceptance of the same by its Board of Directors.

23. The Chief Promoter or the SPY (as the case may be) shall maintain subsidiaryaccounts of the GOI grant and furnish to the Accounts Officer a set of audited statementof accounts. These audited statements of accounts should be furnished after utilizationof Grant-in-aid or whenever called for.

24. The Chief Promoter or the SPY (as the case may be) shall undertake allprocurement of goods, equipment and services or any other item through a transparentand competitive procurement process. Appropriate performance guarantees should bebuilt in the agreement(s) to ensure timely and good quality delivery of goods andservices procured.

25. In case the DeitY, Government ofIndia is of the opinion that the implementationof the project or operation of the SPY is not satisfactory or in case of disputes amongstthe Board members of the SPY, the Government of India would have the powers toeffect a change in the management of the SPY or issue such directions as may benecessary. The Articles of Association of the SPY shall be suitably formulated and ifrequired modified to enable the Government of India to enforce, if required the aboveconditions stipulated while sanctioning the Grant-in-aid.

26. Any other special terms and conditions or procedures for transaction ofbusiness, as Government may desire to be followed by the SPY shall be incorporated inthe Articles of Association of the SPY before release of Grant-in-aid.

27. The SPY shall appoint a Managing Director or Chief Executive Officer withapproval of its Board of Directors. However, the appointment shall need ratification bythe Department of Electronics and Information Technology thereafter. SPY or theManaging Director of the SPY, as the case be, would be the Drawing and DisbursingOfficer for the amounts released under this approval letter.

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28. The Chief Promoter or the SPY (as the case may be) shall submit performance-cum-achievement report before applying for the next installment as grant (within 6months from end of every Financial Year).

29. Accounts of the Chief Promoter or the SPY (as the case may be) shall be opento inspection by the Department of Electronics and Information Technology and audit,both by the Comptroller and Auditor General of India under the provision of CAG(DPC) Act 1971 and internal audit by the Principal Accounts Office of the Ministry ofCommunication and Information Technology or Department of Electronics andInformation Technology, whenever the Chief Promoter or the SPY (as the case may be)is called upon to do so.

30. The Chief Promoter or the SPY (as the case may be) shall complete process fortransfer of the roads and Right of Way as per proposal to Govt. oflndia for the Project.

31. The assets acquired wholly or substantially out of Government oflndia's Grant-in-aid shall not, without the prior sanction of the Government of India, be disposed of,encumbered or utilized for the purpose other than for which the Grant-in-aid has beenreleased.

32. The Chief Promoter or the SPY (as the case may be) shall provide a certificateof actual utilization of the grants received for the purpose for which it was sanctioned inForm GFR 19-A as and when required by the Government of India. The UtilizationCertificate should be submitted within six months of the closure of the financial year bythe Chief Promoter or the SPY (as the case may be). Receipt of such certificate shall bescrutinized by DeitY. Where such certificate is not received from the Chief Promoter orthe SPY (as the case may be) within the prescribed time, the Ministry or Departmentwill be at liberty to blacklist such Chief Promoter or the Spy (as the case may be) fromany future grant, subsidy or other type of financial support from the Government.

33. The Chief Promoter or the Spy (as the case may be) shall maintain a register ofpermanent and semi-permanent assets acquired wholly or mainly out of the funds ofGrant-in-aid on the basis of Form GFR -19.

34. The Chief Promoter or the SPY (as the case may be) shall furnish a return ofsuch assets acquired during a financial year in the Form-GFR-19.

35. The Spy shall fix user charges for various facilities and services provided byunder the Project in order to ensure that it fully recovers the O&M cost and make theProject sustainable.

36. In case of winding up, dissolution, etc. of the SPY at any point in time, all assetsand any unutilized grant shall automatically vest with the Government of India.

37. The Chief Promoter or the SPY (as the case may be) shall report on the physicalprogress as well as the expenditure incurred in the Project to the Nodal Officer of theEMC Scheme every quarter.

38. DeitY shall display on its website the details of the Project approved and theprogress of its implementation.39. The Chief Promoter or the SPY (as the case may be) shall endeavor to ensure thatthe following units make investment towards electronic manufacturing in the clusterbeing set up in the project:

1. Xi'an LONGi Silicon Materials CorpII. MEL Systems and Services Ltd.Ill. Rising Stars Mobile India Private LimitedIV. Essel Infra projects Limited (ElL)

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40. Out of the Grant-in-aid, the administrative expenses (incurred during theexecution of the Project) shall be limited to that approved as per this approval letter.Administrative expenses beyond this amount shall be met by the Chief Promoter or theSpy (as the case may be) from its own resources.

41. The Chief promoter shall transfer the land to the SPY and submit an undertaking tothis effect before the release of the first installment of Grant-in- aid.

42. In the event of failing to comply with the conditions laid out in EMC Schemeand! or Guidelines and! or this approval letter (including the utilization of land) at anytime, the Chief Promoter or the SPY (as the case may be) shall be liable to refund to thePresident of India the entire amount of the Grant-in-aid with interest @ Prime LendingRate (PLR) per annum of RBI thereon and will be liable to such other penalties asprovided under the approval and any other law. DeitY shall also be entitled to take legalaction for recovery of the dues as may be considered appropriate.

43. The Chief Promoter or the SPY (as the case may be) shall submit all relevantdocuments within the timelines as specified in the EMC Scheme and Guidelines,demonstrating the fulfillment of all terms and conditions precedent at each stage.

44. The contents of this approval letter shall prevail in case of any conflict with anyprevious communication from DeitY! GOI in this regard.

45. The terms and conditions of this approval letter are in addition to the standardterms and conditions mentioned in Annexure - 8 of the EMC Guidelines. In case of anyconflict between the terms and conditions mentioned in this approval letter and theterms and conditions mentioned in the EMC Scheme or EMC Guidelines or any otherterms and conditions imposed on the Chief Promoter or the Spy (as the case may be)regarding the Project, Government of India shall have the sole authority and right todecide which terms and conditions shall prevail and the decision of the Government ofIndia shall be final and binding on the Chief Promoter or the SPY (as the case may be).

46. In case of any dispute, Secretary, Department of Electronics and InformationTechnology, Government of India, shall be the sole "Arbitrator" and his decision shallbe final and binding for all concerned.

( ansa!)Joint Secretary to Govt. of India

Tel: 011-24363114

Copy to:

l. PS to Hori'ble Mf.I'f for kind information ofHon'ble MCIT, Govt. ofIndia2. Secretary, DeitY3. JS& FA, DeitY4. Secretary-IT, Government of Andhra Pradesh

iiv Bansal)Joint Secretary to Govt. ofIndia

Tel: 011-24363114

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Annexure A

Definitions:

The terms used in the approval letter No. 36(26)1 2015-IPHW (Vol.III) dated 20th

July,2016 issued to Chief Promoter Mis. Sri City Pvt. Ltd shall have the meaningascribed to such terms in the EMC Scheme and EMC Guidelines and where such termsare not defined therein, the terms shall have the meaning, unless the context otherwiserequires, as provided below:

1. Chief Promoter: Mis. Sri City Pvt. Ltd is a Chief Promoter

2. Grant-in-aid: Financial assistance provided by DeitY towards implementation oftheproject (refer para 4.1 of the EMC Scheme dated 22nd October, 2012).

3. Project: Project for setting up of Greenfield EMC at Cherivi Village, SathyaveduMandal, Chitto or district, Andhra Pradesh submitted by Chief Promoter Mis. Sri CityPvt. Ltd.

4. DeitY: Department of Electronics and Information Technology, Ministry ofCommunication and Information Technology, Government ofIndia.

5. PLR: Prime Lending Rate as issued by RBI prevailing at the time occurrence of theevent.

6. GoI: Ministry of Communication and Information Technology acting throughDepartment of Electronics and Information Technology for and on behalf of thePresident of India

7. Form GFR-19: General Financial Rules (GFR) issued by Ministry of Finance,Government of India from time to time.

8. EMC Scheme: Electronic Manufacturing Scheme Notification No. 252 dated 22ndOctober, 2012 in Part-I, Section 1 of the Gazette of India (Extraordinary) [F. No.8(50)/2011-1PHW]

9. EMC Guidelines: Guidelines for Electronics Manufacturing Clusters (EMC)Scheme to provide world class infrastructure for attracting investments in theElectronics Systems Design and Manufacturing (ESDM) Sector dated 15th April, 2013[F. No. 8(50)/2011-IPHW].

10. SPY Guidelines: Notification of Guidelines for constitution of Special PurposeVehicle (SPV) for implementation of Electronics Manufacturing Clusters (EMCs).Dated 30th January, 2014 [F. No. 8(l31)/2012-IPHW].

11. Accounts Officer: Accounts Officer appointed by Department of Electronics andInformation Technology (DeitY).

12. Utilization certificate: Utilization Certificate stipulated as per Form GFR 19.

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Main Sy. No.

715725727728730420399400395396383381385386397387430431392388391394393407408409410411412413414415416417418

Sale Deed extent inAcres1.5211.694.712.991.891.213.141.5213.110.616.373.756.584.646.878.071.835.4014.861.859.692.832.302.102.121.502.343.750.740.490.700.130.795.231.60Total

Allotment Extentin Acres----- ----~~----0.23 1729 072.48 1730 071.25 1730 071.05 1730_07/~49 _Q8 Jl.89 751 10/695 111.21 1707 08/695 11- -2.45 695 11

~---l695 11695 11695 11

- --695 11695 111723 07

1723 07/695 11695 11695 11695 11695 11695 11695 11695 11

----;--- -- ~- ----j

695 11

-1.52-

10.270.255.902.256.581.800.388.071.833.2014.860.50l.002.832.302.102.121.502.343.000.500.240.350.130.795.231.6094.00

Annexure B

Sale deed No. -1

-+

695 111989 081723 071723 071723 071723 07---01- __ _ ~-~ __ ---!

695 11695 111707 08 ---I

1707 08- -1723 07 -11723 071723 07 I

__I

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m«r approval _greenfie… · subject: electronics manufacturing cluster scheme-"final...

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