No increase in lease rent for SEZ units for FY20-21: Govt

Union Government has said that there will be no increase in lease rent for the Special Economic Zone, SEZ units for financial year 2020-21. The decision has been taken in order to provide interim relief to SEZ units in lease rent on account of COVID-19 pandemic.  Commerce and Industry Ministry said, payment of lease rent of 1st quarter is to be deferred up to 31st of July for all SEZ units. The deferment will not invite any interest.

The Ministry has also asked Development Commissioners of Special Economic Zones to advise developers of State Governments and private SEZs to consider similar relief measures in their zones.

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