Vrindavan Tech Village SEZ, Bangalore - Approval Committee Members

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3 Vrindavan Tech Village SEZ, Bangalore - Approval Committee Members 1. Director, Government of India, Department of Commerce (SEZ), Udyog Bhavan, New Delhi moc_epz@nic.in, madhup.vyas@nic.in 2. Jt. Director General of Foreign Trade C & E Wing, 6 th Floor, Kendriya Sadan, 17 th Main, 2 nd Block, Koramangala, Bangalore. Ph v.sraman@nic.in 3. Commissioner of Central Excise 1 Central Revenue Building Queens Road, Bangalore Ph , Fax Commrcexbangalore1@gmail.com Shailu11704@rediffmail.com 4. Commissioner of Income Tax, Bangalore-I, C R Building, Queen s Road, Bangalore Cit3.bangalore@incometax.gov.in 5. Deputy Secretary (IF-I), Ministry of Finance, Govt of India, Jeevan Deep Building, Sansad Marg, New Delhi 6. Principle Secretary to Government of Karnataka, Department of IT, BT & Science & Technology, 6 th Floor, 5 th Stage, Multi Storeyed Building, Dr. B.R.Ambedkar Veedhi, Bangalore itbtsec@gmail.com, skrishna@outlook.com, skrishna@gov.in Ph , , , Commissioner for Industrial Development & Director of Industries & Commerce, Govt of Karnataka, Khanija Bhavan, (South Wing), No 49, Race Course Road, Bangalore Ph , Fax commissioner@karnatakaindustry.gov.in 8. M/s A.T.Gopinath, Vice President, M/s VTV Pvt Ltd, 1 st floor, 9/1, Classic Court, Richmond Road, Bangalore

4 VRINDAVAN TECH VILLAGE SPECIAL ECONOMIC ZONE (BANGALORE) AGENDA FOR 34 TH APPROVAL COMMITTEE MEETING (1 ST of 2016) VENUE : SEZ BHAWAN, BANGALORE DATE : TIME : a.m.

5 VRINDAVAN TECH VILLAGE SEZ, BANGALORE 34 TH MEETING OF APPROVAL COMMITTEE ( 1/2016 ) DATE: TIME: A.M. Agenda for the 33 rd Approval Committee Meeting (9/2016 series) of Vrindavan Tech Villa ge Special Economic Zone (VIKAS SEZ), Bangalore to be held on Sl. No. Agenda Item Page A Confirmation of the minutes of the 33 rd meeting (8 th of 2015 Series) of Approval Committee of Vrindavan Tech Village Special 1-2 Economic Zone held on B Action taken on decisions of the previous meeting. 3 C Consideration of Applications: 1 Application submitted by M/s Sears it & management Services India Pvt. Ltd. for approving additional list of services Application submitted by M/s Eli Lilly Services India Pvt. Ltd. for approving additional list of services. 8 3 Ratification of approval issued to M/s Eli Lilly Services India Pvt. Ltd. for revision of existing projections. 9 D Any other matter with the approval of the Chairperson.

6 OFFICE OF THE DEVELOPMENT COMMISSIONER VRINDAVAN TECH VILLAGE SPECIAL ECONOMIC ZONE ADMINISTRATIVE OFFICE, CSEZ, KAKKANAD, KOCHI Minutes of the 33 rd meeting (8/2015 Series) of the Approval Committee for Vrindavan Tech Village SEZ held on 19 th November, 2015 The 33 rd Meeting (8/2015 series) of the Approval Committee of Vrindavan Tech Village Special Economic Zone, at Rechanahalli Village, Bangalore District, Karnataka constituted under Section 13 of Special Economic Zones Act, 2005, was held on 19 th November, 2015 at noon in the Conference Room of SEZ Bhawan, Bangalore. The meeting was chaired by Dr.Safeena. A. N, Development Commissioner, CSEZ. The list of members present is Annexed (Annexure-1). 2. The following items of the agenda circulated along with notice for the meeting were taken up for discussion. A. Confirmation of minutes: Minutes of the 32 nd meeting of the Approval Committee (7/2015 series) held on was confirmed. B. Action taken on the decisions of the previous meeting held on : Action taken on the decisions/approvals of the 32 nd committee. meeting was noted by the C. Consideration of Applications: (i) Request submitted by M/s Great West Business Services India Pvt. Ltd. for approval of additional list of services. The Committee after deliberations approved the additional list of services. (ii) Request from M/s Wells Fargo India Solutions Pvt. Ltd. for occupying additional area of 40,000 sq. ft. The Committee after deliberations approved the request of the unit to occupy an additional area of 40,000 sq.ft. in VTV SEZ and change in the export projection as proposed by the unit. -1-

7 (iii) Request submitted by M/s Setmetrix Software and Systems India Pvt.Ltd. for occupying an additional area of 10,300 Sq.ft. Ratification of approval granted by Development Commissioner. M/s Setmetrix Software and Systems India Pvt.Ltd. a unit in Vrindavan Tech Village SEZ vide their letter dated 1st September 2015 has submitted a request for approval to occupy an additional area of 10,300 sq.ft. Development Commissioner has granted approval for occupying additional area and change in the export projection as proposed by the unit. The Committee after deliberations, ratified the approval granted by Development Commissioner. (iv) Application submitted by M/s Software AG Bangalore Technologies Pvt. Ltd. for setting up of new unit. The Committee considered the application and noted that the application was accompanied by all relevant documents as stipulated and conformed to all requirements of Rule 18(2) of SEZ Rules 2006 and approved the proposal. Sd/- (Dr. Safeena A.N.) Chairperson of the Approval Committee Vrindavan Tech Village Special Economic Zone Annexure I List of members present in the 32 nd Meeting of the Approval Committee (8/2015 series) of Vrindavan Tech Village SEZ, Bangalore held on 19 th November, Dr. Safeena A.N., Development Commissioner, CSEZ. 2. Shri. K V Thirumala, Deputy DGFT, Bangalore (as nominee of DGFT, Bangalore) 3. Shri. Ramesh Kalasad, Administrative Officer, Directorate of IT & BT (as no minee of Principle Secretary to Govt. of Karnataka, Dept of IT, BT & Science & Technology) 4. Shri. Ateequlla Shariff, Deputy Director (as nominee of Commissioner for Industrial Development & Director of Industries & Commerce, Govt. of Karnataka.) 5. Shri. Paul T Jayaraj, Vikas Telecom Pvt. Ltd. (as nominee of Developer, Special Invitee) -2-

8 B. Action Taken Report on 33 rd Approval Committee (8/2015) held on Sl.No. Item Approval Approval issued to M/s Great West Business Services KA:04:06:VTV:3H 1 India Pvt. Ltd. for additional list of services. dated Approval issued to M/s Wells Fargo India Solutions Pvt. Ltd. for occupying an additional area of 40,000 Sq. Ft. and change of export projections.. Approval issued to M/s Setmetrix Software and Systems India Pvt. Ltd. for occupying an additional area of 10,000 Sq. Ft. (Ratification) KA:04:06:VTV:3 M dated KA:04:06:VTV:3T dated C. Items to be considered in the 33 rd UAC meeting: (1) Approval for additional list of services M/s Sears IT & Management Services India Pvt. Ltd., holding LOA No. KA:04:06:VTV:3R dated 31 st August, 2015, vide their letter dated 18 th December, 2015 has submitted an application for approval of additional list of services. Out of the 14 services mentioned in the list, 2 Nos (Sl.No.2 & 11) i.e. Air Travel Agent and Business Support Services are covered in the default list of services and hence only the remaining 12 services may be considered for approval. The details of vendor and nature of services is mentioned below :- -3-

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13 (2) Approval for additional list of services M/s Eli Lilly Services India Pvt. Ltd., holding LOA No. KA:04:06:VTV:3S dated 17 th September, 2015 vide their letter dated 12 th January,2016 has submitted an application for approval of additional list of services. The details of vendor and nature of services is mentioned below :- Sl. No. 1 Taxable service category of the input service Management Consultant Nature of input service These services are in relation to obtaining expert opinions on various matters relating to business like financial management and strategic management. This it in turn enables the Company to utilise its financial resources in the best possible manner thus fostering market survival and growth. Further as the tax environment in India is very dynamic, tax advisory services be it indirect taxation, corporate taxation or transfer pricing becomes inevitable to be compliant. Also, the Company has SEZ units adding more to the tax compliances and issues. Therefore, such services are vital for performing the authorized operations of the SEZ unit. Name & address of the service provoder/vendor ANSR Consulting India Pvt Ltd No 164, Indranagar 1st Stage 9th Cross, Binnamangala Extension, In corporation Division No 82 Bangalorer DKM Online Pvt Ltd No 70 / 39- B, 2nd Floor KLI Complex, Motinagar, Rameshnagar - HO, New Delhi Ernst and Young LLP 1st Floor Tower A, Building No.8, DLF Cyber City Phase II Sector 25, Gurgaon Service Tax Regn. No. of the Vendor AAKCA7840B SD001 AABCD6597K ST001 AAEFE1763C SD001 Approx. value of services (Rs.) 10,00,000 10,00,000 1,00,00,000 2 Insurance Auxiliary Services Actuarial services are required for making risk assessments in relation to insurance premium of property and policy holders. The services of the insurance agents are essential for procuring group insurance of employees and security cover for office and equipment. United India Insurance AAACU5552C ST001 10,00,000 Such services are activities relating to business included in the definition of input services under the Credit Rules. -8-

14 (3) Ratification of approval for revision of projections submitted by M/s Eli Lilly Services India Pvt. Ltd. M/s Eli Lily Services India Pvt. Ltd. a unit in Vrindavan Tech Village SEZ, holding LOA No. KA:04:06:VTV: 2 S dated 17 th September, 2015, vide their letter dated 7 th December, 2015 has sought approval for revising the existing projections. Considering the emergency expressed by the unit, the approval was accorded by the Development Commissioner vide letter No. KA:04:06:VTV: 2 S dated 06 th December, The existing and revised projections are as follows: S l Existing Approval Revised projections. Particulars No. (Rs. In lakhs) (Rs. In lakhs) 1 FOB Value of Exports for years period 2 Foreign Exchange Outgo Net Foreign Exchange (1-2) Imported Capital Goods Indigenous Capital Goods Men Women Men Women Employment (Men & omen) Space occupied (Sq. Mtrs) The above approval accorded by the Development Commissioner is placed before the Approval Committee for ratification. -9-