New Delhi: The Ministry of Commerce and Industry has said that there will be no increase in lease rent for the Special Economic Zone (SEZ) units for the financial year 2020-21.
Payment of lease rent of the first quarter is to be deferred up to July 31 for all SEZ units, the Ministry said.
Read more:Expect financial package from govt in 2-3 days: Gadkari to industry
The Ministry further added that the deferment may not invite any interest thereof. It also requested the DCs to take necessary action on the matter and advise developers of State government/Private SEZs to consider similar relief measures in their zones.
This comes amid nationwide lockdown imposed as a precautionary measure to contain the spread of COVID-19.
(With ANI inputs)
