Prime Minister Calls for SEZ Legislation Review

Recently, the Prime Minister has highlighted the importance of reviewing the proposed legislation for the Special Economic Zones (SEZs) One-Stop Shop. This call for reassessment comes in the wake of the Prime Minister's successful visit to China, where he gained valuable insights into the latest economic and business trends.

During a recent briefing, the Secretary of the Board of Investment (BoI) shared details about the measures being put in place to support the relocation of industries. One key initiative involves the recruitment of Chinese specialists to establish a Business Facilitation Centre in the nation's capital. This move aims to streamline processes and provide necessary support to businesses looking to set up operations in the country.

The efforts to reassess the legislation for SEZs and the establishment of a Business Facilitation Centre demonstrate the government's commitment to creating a conducive environment for businesses. By leveraging expertise from China and staying abreast of economic developments, the nation is poised to attract more investments and foster economic growth.