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of <h1>SEZ Board Extends Approvals, Approves New IT/ITES Zones in Karnataka and Punjab, Reviews Co-Developer Status and Appeals.</h1> The 69th Board of Approval meeting for Special Economic Zones (SEZs) on February 23, 2016, chaired by the Secretary of the Department of Commerce, addressed various proposals. Key decisions included extending the validity of formal approvals for several SEZs across India, such as IT/ITES, Biotech, and multi-product zones. The Board approved co-developer status for certain entities, while rejecting others based on necessity and existing infrastructure usage. New SEZ proposals were approved for IT/ITES sectors in Karnataka and Punjab. The Board also addressed miscellaneous requests, including changes in shareholding patterns and appeals against previous decisions, ensuring compliance with SEZ Act and Rules.
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