The Board of Approval of the Special Economic Zones (SEZs) after considering 19 applications for setting up SEZs has recommended grant of 10 Formal approvals and 2 In-principle approvals here today. The chairman of the board while informing the members of the Board stated that so far formal approvals have been granted for setting up of 386 SEZs out of which 149 have been notified and added that over Rs. 47732 crore have been invested in these notified SEZs and that these SEZs are providing direct employment to over 40729 persons.  The prominent among those recommended are: -

Formal approvals for an IT/ITES SEZ by Tata Consultancy Services Limited in Gujarat; 3 IT/ITES SEZ by Navi Mumbai SEZ Private Limited in Navi Mumbai, Maharashtra; and an IT/ITES SEZ by Gujarat Industrial Development Corporation, Gujarat.

In Principle approval for a textile SEZ by Jindal Worldwide Limited in Gujarat.

SEZ approvals: Board recommends multiple formal and in principle clearances for IT/ITES and textile projects, advancing development. The Board of Approval recommended grant of Formal approvals and In-principle approvals after considering nineteen SEZ applications, reporting that 386 formal approvals have been issued to date with 149 notified SEZs and substantial reported investment and direct employment; prominent recommended approvals include IT/ITES SEZ proposals by Tata Consultancy Services, Navi Mumbai SEZ Private Limited (three SEZs), Gujarat Industrial Development Corporation, and an in-principle textile SEZ by Jindal Worldwide.