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<h1>Special Economic Zone establishment: proposal approval requires Board decision and Central Government letter of approval with prescribed conditions.</h1> The Act allows the Central Government, State Government or any person to propose establishment of a Special Economic Zone by identifying an area and submitting a prescribed proposal to the State Government or directly to the Board. The Board may approve, modify or reject proposals and impose terms and conditions, while the Central Government prescribes minimum area and requirements and issues letters of approval to Developers; multiple Developers and Co-Developers may be approved where necessary and agreements govern allocation of space and infrastructure to approved units.