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of <h1>SEZ Board Approves New Projects, Defers Decisions Due to State Elections, and Addresses Unauthorized Sales Concerns.</h1> The 45th meeting of the SEZ Board of Approval, chaired by the Secretary of the Department of Commerce, reviewed proposals for establishing Special Economic Zones (SEZs) and addressed various requests related to existing SEZs. Key decisions included deferring proposals from election-bound states and granting formal approval to several SEZ projects, including those for electronic hardware and IT/ITES sectors. Some proposals were deferred due to pending state government recommendations. The Board also approved requests for co-developers and authorized operations, subject to compliance with tax regulations. Certain requests were rejected, including those involving land transactions deemed as sales, which are prohibited under SEZ rules. Extensions for validity of approvals were granted for several developers, while some requests were deferred due to upcoming state elections. The meeting concluded with a directive for strict action against unauthorized sale of residential flats in SEZs.
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