Board of Approval to meet on June 19 for SEZ approval

The Board of Approval (BoA) on special economic zones (SEZ) will now meet on June 19 to consider, among other proposals, the plan to allow the metro rail to pass through the SEZ to be promoted by DLF at Gurgaon.

Earlier the meeting was scheduled for June 17.

The BoA, headed by Commerce Secretary Rahul Khullar, will also consider the application of realty firm K Raheja Universal for de-notification of its IT/ITeS SEZ in Navi Mumbai. The firm has sought to surrender the SEZ citing economic slowdown.

The DLF Cyber City Developers has requested the BoA to grant permission to the proposed metro corridor to pass through its SEZ in Gurgaon.

"...Since the project is on the advance stage of approval from the Haryana government, they (DLF) have requested to grant permission to pass the proposed metro corridor through Cyber City SEZ," the BoA agenda said.

The Board may also formally approve extension of time period for developing 23 SEZs, including three IT/ITeS special economic zones of Satyam Computer Services, in Andhra Pradesh.

Besides, the BoA will also consider two fresh proposals for setting up of SEZs. The BoA on Export Oriented Units will also meet on the same day.

So far, 568 formal approvals have been granted for setting up SEZs, of which 315 have been notified.