SEZ (Amendment) Bill to Be Introduced in Parliament, Gets Approval By the Union Cabinet

Union Cabinet 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 the ensuing session of the Parliament.

After the amendment of subsection (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.