The government has approved proposals of four special economic zone developers, including Phoenix Embassy Tech Zone, to set up SEZs in the country. The decision was taken at the meeting of Board of Approval (BoA) on January 6.
BoA is a 19-member inter-ministerial body chaired by the commerce secretary. The other three developers who got the green signal are Worldwide Oilfield Machine, Embassy Property Developments and Horizoneview Properties.
Worldwide Oilfield Machine has proposed to set up an engineering-specific SEZ in Pune spread over 58.23 hectares.