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of <h1>Proposals for Special Economic Zone units need Approval Committee decision in 15 days under SEZ Rules, 2006.</h1> Under the SEZ Act, individuals wishing to establish a unit in a Special Economic Zone must submit a proposal to the Development Commissioner, who forwards it to the Approval Committee. The committee has 15 days to approve, modify, or reject the proposal as per SEZ Rules, 2006. The initial Letter of Approval is valid for one year, extendable by up to two additional years if certain conditions are met. If production or service does not commence within the validity period, the approval lapses. The approval is valid for five years from the start of operations, with possible extensions for another five years.
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