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<h1>SEZ Board Approves New Developments, Extends Validity for Some, Rejects Others for Lack of Progress at 54th Meeting.</h1> The 54th meeting of the SEZ Board of Approval, chaired by the Secretary of the Department of Commerce, reviewed various proposals for setting up and modifying Special Economic Zones (SEZs). Key decisions included approving and deferring requests for co-developer status, authorized operations, and changes in SEZ area. The Board approved several requests for extension of validity of formal approvals, while rejecting others due to insufficient progress. Requests for de-notification and changes in equity or name of developers were also considered. The meeting emphasized maintaining SEZ contiguity and compliance with relevant tax and regulatory requirements.