The proposals, including those of Larsen and Toubro and Deccan Infrastructure and Land Holdings Ltd, will be taken up by the Board of Approval for SEZ, chaired by Commerce Secretary Gopal K Pillai.
Six of the applications relating to different sectors belong to Hyderabad-based Deccan Infrastructure. Larsen and Toubro proposes to set up a 15-hectare IT zone in Gujarat.
The BoA would also consider conversion to formal approval, the in-principle nod to SEZ proposals of Gremack Infrastructure Equipments and Projects, Maharashtra Industrial Development Co-operation (MIDC) and Essel Infar projects in Maharashtra.
After passage of the new SEZ Act, the government has given formal approval to 428 SEZs despite the finance ministry raising concern over loss of revenue because of tax exemptions to the units in these zones. For receiving formal approvals, the proposals have to get consent of the state government.
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
