The Board of Approval (BoA), the apex body which clears special economic zone (SEZ) projects, will meet next month to approve fresh proposals.
"The BoA chaired by Commerce Secretary Rahul Khullar will take up fresh proposals for setting up SEZs on August 11," a senior Commerce Ministry official said.
The last BoA held on June 19 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 per cent to Rs 90,416 crore in 2008-09 from Rs 66,638 crore in the previous fiscal.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
