The government on Tuesday deferred Mukesh Ambani group?s proposal to include seven co-developers in the multi-product special economic zone (SEZ) in Navi Mumbai.

However, three Mukesh Ambani-promoted IT/ITeS SEZ in Navi Mumbai have received the nod at the board of approval (BoA) meeting on Tuesday. The BoA deferred the multi-product SEZ proposal saying it needed to verify the net worth of the co-developers. While the rules say that the minimum net worth of a co-developer should be Rs 250 crore, the co-developers have an equity base of only Rs 1 lakh each.

The BoA meeting, chaired by commerce secretary GK Pillai, sought to know more details on the plans of the seven companies, who will build the infrastructure in the tax-free enclave.

The co-developers are seeking approval to establish infrastructure like building the transmission and distribution network of the power supply system, internet and related services, laying communication lines, and providing the water supply and sewage treatment, besides setting up residential and commercial complexes, schools, and industrial parks. They hope to bring in an investment of over Rs 6,000 crore for the project. Though co-developers would be allowed to avail of the tax sops along with the lead developers, the same would not be given to civil contractors involved in setting up basic infrastructure.

Sources said the company has been asked to give fresh details of their networth by October 19, when the BoA is scheduled to meet again.

The BoA also deferred the applications of four SEZ proposals to be set up in Uttar Pradesh by Unitech Hi-Tech and DLF. Sources said the proposals still face problems in the procurement of the necessary land and also in finalisation of the rehabilitation and resettlement policy. Pillai told reporters that these SEZs would get the clearance once they obtain the clearance for the required land.

In all the BoA considered 19 proposals and gave in-principle nod to the 101.17-hectare textile SEZ proposal of Jindal Worldwide (JWL) in Ahmedabad and to a proposal to set up 68-hectare free trade warehousing zone by Arshhiya Technologies at Panvel in Maharashtra.

Among those who got formal approvals include 1,074-hectare multi-product Mundhra Port and SEZ Ltd in Mundhra, Gujarat; 10-hectare IT/ITeS SEZ by TCS at Gandhinagar in Gujarat and 103-hectare precision engineering products SEZ by Quest Machining and Manufacturing in Karnataka.