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Board of Approval to take up fresh SEZ proposals

Board of Approval to take up fresh SEZ proposals
PTI
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First Published: Wed, Jul 08 2009. 04 11 PM IST
Updated: Wed, Jul 08 2009. 04 11 PM IST
New Delhi: The Board of Approval, the apex body which clears Special Economic Zone projects, will meet next month to approve fresh proposals.
“The Board of Approval chaired by commerce secretary Rahul Khullar will take up fresh proposals for setting up SEZs on 11 August,” a senior commerce ministry official said.
The last BOA held on 19 June had approved two fresh proposals, ratified extension of time to 23 developers, including Satyam Computer Services, for implementing tax-free enclaves.
Senior officials from different ministries, including finance, home affairs and defence, would be attending the meeting, a commerce ministry official said.
So far 576 formal approvals have been granted for setting up of SEZs, out of which 319 have been notified.
Exports from SEZs grew by 36% to Rs90,416 crore in 2008-09 from Rs66,638 crore in the previous fiscal.
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First Published: Wed, Jul 08 2009. 04 11 PM IST