Cabinet approves the Special Economic Zones (Amendment) Bill, 2019

File Photo
File Photo : Image for representational purpose only

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved to introduce a Bill, namely, the Special Economic Zones (Amendment) Bill, 2019 that is the Bill to replace the Special Economic Zones (Amendment) Ordinance, 2019 (12 of 2019).  The Bill will be introduced in ensuing session of the Parliament.

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.

 

Comments
About Press Information Bureau 266 Articles
Press Information Bureau is India's official press release from the Government of India. The news taken from PIB India is free to use upto attribution.