The revamped Particular Financial Zone (SEZ) regulation is unlikely to see the sunshine of the day earlier than the upcoming Lok Sabha elections, two folks conscious of the matter stated. The commerce division had sought the Union Cupboard’s nod to convey amendments to the present SEZ Act, 2005 late final 12 months. The plan, thereafter, was to introduce the Invoice within the winter session of Parliament. Cupboard’s approval stays pending.
“The modifications within the SEZ regulation might be attainable solely after the Lok Sabha elections. The precise time will depend upon the priorities of the brand new authorities,” one of many individuals cited above
First Printed: Feb 16 2024 | 11:56 PM IST
