The government on Tuesday gave formal approval to the multi-services special economic zone of Mukesh Ambani- promoted Reliance Industries [ Get Quote ] Limited in Gurgaon and in principle approval to the company's port-based SEZ in Rewas.

The board of approval, which met on Tuesday, gave formal approval to 24 proposals and in principle approval to nine other zones.

Apart from Reliance, the SEZs of GMR, Indiabulls [ Get Quote ] and Gitanjali Gems [ Get Quote ] were also approved.

India's great rush for SEZs