SEZs...2 get formal nod, 1 in-principle approval

The Board of Approval of the Special Economic Zones (SEZs) considered even proposals for setting up new SEZs. The Board recommended grant of two formal approvals and one In-Principle approval. Formal approvals were granted to the Bangalore IT-ITES SEZ of Brooke Bond Real Estates Pvt. Ltd. and Shimoga ITES SEZ of Karnataka State Electronics Development Corporation Ltd. In-Principle approval was given to the Cuttak-based Solar SEZ of Lanco Solar Pvt. Ltd. at village Ramdaspur. Among other items, nine proposals for grant of co-developer status were also approved. The BoA decide to enlarge the list of default operations and also decided to authorise the Unit Approval Committee to approve the default operations. A notification in this regard is being issued separately.