<h1>SEZ Board of Approval Grants Formal Approval for New IT/ITES and Multi-Product SEZs; Some Proposals Deferred for Review.</h1> The 49th meeting of the SEZ Board of Approval, chaired by the Secretary of the Department of Commerce, reviewed various proposals for establishing Special Economic Zones (SEZs) and other related requests. The board granted formal approval for several SEZ projects, including sector-specific zones for IT/ITES and multi-product SEZs in different states. Some proposals were deferred due to pending state recommendations or legal issues. The board also addressed requests for co-developer approvals, extensions of validity for existing SEZs, and de-notifications. Additionally, the board considered appeals, requests for land adjustments, and changes in developer names or equity transfers, ensuring compliance with SEZ regulations and tax laws.