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of <h1>SEZ Board Approves FTWZs, Co-developer Status; Rule 11B Conversions Approved with Conditions; Some Decisions Deferred.</h1> The 118th meeting of the Board of Approval for Special Economic Zones (SEZs) was held on February 6, 2024, in New Delhi. Key decisions included the extension of validity for formal approvals and Letters of Approval (LoA) for several developers and units, some of which were asked to explain delays in investment. The Board approved requests for setting up Free Trade and Warehousing Zones (FTWZ), co-developer status, and changes in development areas. Several appeals and proposals were deferred to the next meeting. The Board also approved conversions of processing areas to non-processing areas under Rule 11B of SEZ Rules, 2006, subject to conditions.
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