SME Times News Bureau | 12 Jun, 2019
The 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 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.