Federal Government To Introduce Special Economic Zones Amendment Bill

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The Central federal government will certainly present the Special Economic Zones (Amendment) Bill, 2019 in the occurring session of the Parliament.

Accordingly, the Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday provided its authorization to present the Bill which will certainly change the Special Economic Zones (Amendment) Ordinance, 2019.

“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,” a main communique stated.

The Central federal government will certainly present the Special Economic Zones (Amendment) Bill, 2019 in the occurring session of the Parliament.