Chapter II Special Investment Region

1. (1) The State Government may, by notification in the Official Gazette, declare any area of land, including an industrial area, to be a Special Investment Region and specify the geographical area thereof.
2. (2) An area declared as a Special Investment Region may be known by the name of its location and/or its predominant economic activity.
3. (3) Every notification issued under sub-section (1) shall be laid before the State Legislature as soon as may be after it is issued.

1. (1) The State Government may, by notification in the Official Gazette, declare such of the outer area on any side adjoining a Special Investment Region, to be the periphery of the Special Investment Region as it deems fit.
2. (2) On declaration of an area under sub-section (1) as periphery of a Special Investment Region, -
   • (a) the Regional Development Authority of the Special Investment Region shall be the Regional Development Authority for the periphery of the Special Investment Region; and
   • (b) the powers and functions of the Regional Development Authority and the Board shall extend to the periphery of the Special Investment Region.
3. (3) In order to regulate the developments in the periphery area, the Regional Development Authority may prepare separate Master Development Plan and Development Scheme for the periphery area in accordance with the provisions of this Act.

The area comprising a Special Investment Region and the periphery thereof, except the abadi area, including the land set apart for development of abadi, of a village and the municipal area, shall be deemed to be an industrial township within the meaning of the provisions of clause (1) of Article 243Q of the Constitution of India from the date it is so notified in the Official Gazette by the State Government.

1. (1) A Special Investment Region declared under this Act, except the abadi area, including the land set apart for development of abadi, of a village and the municipal area, shall cease to be under the jurisdiction of a local authority to the extent it relates to the provisions made in this Act.
2. (2) While preparing the Master Development Plan for the Special Investment Region, the Regional Development Authority shall take into account the development plan, if any, prepared by the respective local authorities.