The Board of Approvals of the Government of India on Monday approved 27 proposals for special economic zones(SEZs), including those of Larsen and Toubro, JSW Bengal Steel and Bharat Forge, envisaging an investment of over Rs 72,000 crores.
Of the 27 proposals cleared by the Board of Approvals, 17 with land in possession received formal go-ahead, while 10 received in-principle sanction.
One of the largest projects among these plans, which is being promoted by former Central Vigilance Commissioner N Vittal, would involve an investment of Rs 11,340 crores. The multi-product EMPI Vittal Centre has got in-principle nod and will come up on an area of 1,100 hectare in Gujarat.
Until now, the government has given formal sanction to 513 SEZs, of which 250 have been notified and 87 zones are operational.