According to the agenda set by Board of Approval (BoA) under Commerce Ministry, 12 SEZs are located in Telangana, while the remaining two are in Visakhapatnam, Andhra Pradesh.
The BoA, which is scheduled to meet on February 20, is expected to take a decision on the future course of action regarding these SEZs.
"Formal approval expired. The Developer is a State Government body. The Developer was informed in the meetings held on 21.09.2012 and 7.02.2013 that cancellation of formal approval will be taken up as no progress has been made.
DILL is a Company registered under the Companies Act, 1956, as a subsidiary of Andhra Pradesh Housing Board (APHB) before bifurcation.
APHB holds 57.44 per cent of the Equity and Government of Andhra Pradesh (before bifurcation) is holding 42.56 per cent equity. The Equity holding of APHB and the Government has come by way of transfer of their respective lands, DILL website said.
According to information provided on the website, the entity has 6,819 acres of land bank in Telangana.
DILL had earlier obtained approvals from the Ministry for setting up SEZs in sectors such as IT/ITES, pharma, gems and jewellery and engineering.
In a similar case, the Development Commissioner has recommended cancellation of the approval given to AP Markfed, another state government body for setting up SEZ in Karimnagar in Telangana for failing to make any progress in the project, the BoA said.
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
