The Central Government has given more time to 14 SEZ developers, including Cognizant Technology Solutions and Parsvnath SEZ, to execute their projects.

The Board of Approval (BoA) has given one more year to Parsvnath SEZ for setting up of sector specific SEZ for Biotech in Andhra Pradesh. It has extended the validity of the formal approval for one year up to 21st August, 2013, subject to condition that the developer should start construction within this period.

Besides, the BoA has given formal approval to UP Electronics Corporation to set up IT SEZ in Lucknow, which will come up over an area of 40 ha.

The Board of Approval (BoA) headed by Commerce Secretary S R Rao, also allowed three SEZ developers to surrender their project. The developers surrendering their projects have to obtain a certificate from the respective Development Commissioners that "the developer has not availed or has refunded all the tax/duty benefits under the SEZ Act/Rules.”

The government has denotified the zone of Welspun Anjar, which had planned a textile SEZ in Gujarat. The other two which have surrendered their projects are Best on Health  and Maharashtra Industrial Development Corporation. The denotification proposal of L&T Chennai projects has been withdrawn by the developer.