Friday, November 22, 2024
Advertisement
  1. You Are At:
  2. News
  3. Business
  4. 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. 

Reported by: IANS New Delhi Published on: June 13, 2019 8:31 IST
SEZ amendment bill
Image Source : PTI

SEZ amendment bill

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.

Advertisement

Read all the Breaking News Live on indiatvnews.com and Get Latest English News & Updates from Business

Advertisement
Advertisement
Advertisement
Advertisement