September 22, 2008
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SEZ approvals expand sectoral economic zones, enabling formal and in-principle project clearances for developers.
The Board of Approval for Special Economic Zones recommended grant of formal approvals and in-principle approvals after considering 35 proposals, including conversions from in-principle to formal status. The Board recommended 18 formal approvals across sectors such as aluminium, biotechnology, IT/ITES, electronics hardware, engineering, steel and mineral-based industries, and multi-product and multi-service SEZs, and recommended 10 in-principle approvals for multi-product, multi-service, heavy engineering, agro and food processing, airport-based, textile park, building materials and auto components SEZs, naming sponsoring developers and states.