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    <title>Extension of Time to Sez Developers</title>
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    <description>The Board of Approval for SEZs granted discretionary extension of validity of Letters of Approval to SEZ developers after case-by-case consideration of delays attributed to adverse business climate, statutory and state approval delays, environmental clearance delays, weak demand for space, and changes in fiscal incentives. The release records 574 formal approvals, 391 notified SEZs and 175 operational SEZs, and states that 115 developers were granted extensions between 1.4.2012 and 30.11.2013.</description>
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