Special Economic Zones

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....pecial Economic Zones <br>News and Press Release<br>Dated:- 9-12-2013<br><BR>In terms of Rule 6(2) (a) of the Special Economic Zones Rules, 2006, the letter of approval granted to a SEZ developer is valid for a period of three years within which time effective steps are to be taken by the developer to implement the approved project. The Board of Approval may, on an application by the developer, ex....

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....tend the validity period of the letter of approval. Some SEZ developers have sought extension of validity period of the letter of approval granted to them for the execution of their projects stating reasons including adverse business climate due to global recession, delay in approvals from statutory/State Government bodies, delay in environmental clearance, lack of demand for space in SEZs, chang....

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....ed fiscal incentive regime for SEZs etc. After deliberations and taking into account the facts and circumstances of each case, the Board of Approval for SEZs has granted approval for extension of validity of approval in the case of several developers for the execution of their projects. The State wise position of extension of validity of approvals granted for developers from 1.4.2012 till 30.11.20....

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....13 is given as per Annexure State-wise details of number of SEZ Developers granted extension of validity of their Approvals for setting up SEZ (w.e.f. 1.4.2012 to 30.11.2013) Sl. No. State No. of SEZ Developers granted extension of Approvals 1. Andhra Pradesh 13 2. Gujarat 10 3. Haryana 9 4. Jharkhand 1 5. Karnataka 12 6. Kerala 15 7. Madhya Pradesh 2 8. Mahar....

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....ashtra 18 9. Nagaland 3 10. Odisha 5 11. Tamil Nadu 16 12. Uttar Pradesh 6 13. West Bengal 5 GRAND TOTAL 115 The information was given by the Minister of State in the Ministry of Commerce and Industry Dr. E.M. Sudarsana Natchiappan in Lok Sabha today.<BR> News - Press release - PIB....