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of <h1>Board of Approval Extends SEZ Project Approvals, Cancels 56 for Lack of Progress, Approves New Proposals.</h1> The 64th meeting of the Board of Approval for Special Economic Zones (SEZ) on February 20, 2015, addressed various proposals related to SEZs. The Board extended the validity of formal approvals for multiple SEZ projects across India, including those in Kerala, Karnataka, and Gujarat, after reviewing the developers' progress. Several requests for co-developer status were approved, subject to compliance with SEZ and Income Tax regulations. The Board also approved new SEZ proposals and ratified certain extensions of Letters of Permission (LoP). Additionally, the Board canceled formal approvals for 56 developers due to unsatisfactory progress, while one developer received an extension. Appeals and miscellaneous requests, such as changes in ownership and infrastructure developments, were also considered.
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