Union Budget 2022: SEZ Act will be replaced with new legislation, says Finance Minister

Feb 01, 2022

New Delhi, Feb 01 (ANI): Presenting the Union Budget 2022, Finance Minister Nirmala Sitharaman on February 01 said that Special Economic Zones Act will be replaced with new legislation for the development of enterprise and hubs. She said, “SEZ (Special Economic Zones) Act will be replaced with new legislation...for the development of enterprise and hubs... It will cover the existing industrial enclaves and enhance the competitiveness of exports.”