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Establishment of Special Economic Zones: approval and concurrence process governs developers and infrastructure co developers. Establishment of Special Economic Zones sets out that SEZs may be established by the Central Government, a State Government, or a person acting as a Developer or Co-developer; Co-developers provide infrastructure under agreement and Board approval. State Governments must forward proposals to the Board of Approval with recommendations within the prescribed period, while Board approved proposals require State concurrence within the specified timeframe. The Board may approve or modify proposals subject to minimum land area and conditions in the SEZ Rules, and all existing SEZs are deemed multi sector.
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<h1>Establishment of Special Economic Zones: approval and concurrence process governs developers and infrastructure co developers.</h1> Establishment of Special Economic Zones sets out that SEZs may be established by the Central Government, a State Government, or a person acting as a Developer or Co-developer; Co-developers provide infrastructure under agreement and Board approval. State Governments must forward proposals to the Board of Approval with recommendations within the prescribed period, while Board approved proposals require State concurrence within the specified timeframe. The Board may approve or modify proposals subject to minimum land area and conditions in the SEZ Rules, and all existing SEZs are deemed multi sector.