The Government has given its in-principle approval to real estate major DLF to withdraw four of its IT, ITES Special Economic Zones (SEZs). DLF was not willing to go ahead with the construction of these SEZs in the face of the severe industry-wide slowdown.

The Board of Approval (BoA) in the Commerce Ministry asked DLF to return all the tax sops it had taken from the Centre before its SEZs in Gujarat, West Bengal , Orissa and Haryana could be de-notified.

The BoA, headed by Commerce Secretary G.K. Pillai also allowed more time to the K Raheja group to build its SEZ in Goa, Hyderabad and Navi Mumbai.