RTTNews - The Indian Government, on Tuesday approved 10 Special Economic Zones (SEZs) and allowed 1-year extension to four projects, reported the reports PTI. The Board of Approval of the Commerce Ministry gave the nod for eight proposals, including Gulf Oil Corporation, Emmar MGF and as also Larsen and Toubro. It further approved two 'in-principle' approvals.

The proposal that got extension for land-acquisition includes Reliance Industries' Chairman Mukesh-led, Rewas Ports. The board also allowed withdrawal of DLF four IT/ITeS tax-free enclaves, directing the realty major to refund Rs.6 crore to Rs.7-crore worth of fiscal incentives the company could have availed. (DLF cited economic downturn as reason for seeking withdrawal.

The BoA totally rejected the proposals of Videocon Realty and Writers and Publishers for SEZs in Indore, on the ground that the promoters had not acquired even an inch of land.

For comments and feedback: contact editorial@rttnews.com