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NEW DELHI: Stainless steel producer Jindal Stainless and 15 other developers have approached the government for granting additional time to execute their special economic zone projects. These 16 developers want extension of the validity period of formal approval to their projects by one year.

Till now, the inter-ministerial Board of Approval (BoA) has given extension to 89 developers. “The BoA headed by Commerce Secretary Rahul Khullar will take up all these cases on December 15,” a Commerce Ministry official said.

Jindal Stainless has approached the government for extension of the validity period of formal approval beyond October 24, 2009, for sector-specific SEZ for stainless steel & ancillary/downstream industry at Kalinga Nagar in Orissa.

The BoA would also take up eight fresh proposals, including those of Larsen & Toubro and Delhi State Industrial & Infrastructure Development Corporation, for setting up SEZs. Indian Oil Corporation has also approached the BoA with request for co-developer in the port-based SEZ at Puthuvypeen, Kerala, developed by Cochin Port Trust. - PTI

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