29 SEZ developers including TCS, Parsvnath Infra & Unitech Infracon seek more time to implement projects

NEW DELHI: As many as 29 special economic zone developers including Tata Consultancy ServicesBSE -0.20 %, Parsvnath Infra and Navi Mumbai SEZ Pvt Ltd have sought more time from the government for implementing their projects. The inter-ministerial Board of Approval (BoA) chaired by Commerce Secretary S R Rao will consider these requests at its meeting on November 8. Posco-India Pvt Ltd, Unitech Infracon and Lodha Dwellers have also requested additional time for project implementation from the BoA, according to the agenda note of the meeting. The developers have cited reasons like global meltdown and fluctuating market conditions for delay in completion of projects. TCS, which is setting up IT/ITES zone […]