Guidelines regarding 'Grant of Extension of Validity of in-principle approvals' - Reg.

Extension of in-principle approvals: grant subject to timely filing, implementation steps, and sectoral land thresholds.

A first extension of one year for in-principle approvals may be granted if the request was filed before LoA expiry and implementation steps like land acquisition have been taken; area approvals above 5000 hectares must be capped at 5000 hectares. Sector-specific rules govern a second extension: none for certain IT/ITES and similar SEZs; for other sector-specific SEZs developers must have sixty percent land acquisition/possession, and for multi-product SEZs fifty percent; non-complying cases go to the Board of Approvals. Amendment to allow further extension for multi-product SEZs is under process.