Declaration of Special Investment Region

(1) The State Government may, by notification in the official Gazette, declare an existing or proposed investment region or industrial area to be a Special Investment Region and determine the geographical area of the Special Investment Region for carrying out the purposes of this Act. (2) An investment region or industrial area declared as a Special Investment Region may be known with the name of its location or its predominant economic activity. (3) Every notification issued under sub-section (1) shall be laid before the State Legislature, as soon as may be possible, after it is issued.