News Business Government to introduce SEZ amendment bill in Parliament

Government to introduce SEZ amendment bill in Parliament

Accordingly, the Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday gave its approval to introduce the Bill which will replace the Special Economic Zones (Amendment) Ordinance, 2019.

Image Source : PTISEZ amendment bill

IANS New DelhiJune 13, 2019 8:31 IST

The Central government will introduce the Special Economic Zones (Amendment) Bill, 2019 in the ensuing session of the Parliament.

Accordingly, the Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday gave its approval to introduce the Bill which will replace the Special Economic Zones (Amendment) Ordinance, 2019.

ALSO READ | Inflation rises to 7-month high in May, IIP growth at 3.4% in April; still room for RBI to cut rate

"After the amendment of sub-section (v) of section 2 of the Special Economic Zones Act, 2005, a trust or any entity notified by the Central government will be eligible to be considered for grant of permission to set up a unit in Special Economic Zones," an official communique said.

Latest Business News