The Board of Approval (BoA) for SEZs has given more time to 18 SEZ developers.
Apart from this, the BoA allowed two SEZ developers to surrender their project. Bengal Shapoorji Infrastructure Development has sought denotification of its IT zone in West Bengal.
Both Tata Consultancy and G P Realtors have got one more year to implement their projects in West Bengal and Haryana, respectively. However, Tata Consultancy had sought two more years for its zone. Most of the developers which have sought one to two more years for implementation of their projects have cited reasons like economic slowdown and imposition of MAT.