Special Economic Zones (Amendment) Bill, 2024

Dec 10, 2025 | by TeamLease RegTech Legal Research Team

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Commercial ComplianceThe Lok Sabha on December 05, 2025, issued the Special Economic Zones (Amendment) Bill, 2024 further to amend the Special Economic Zones Act, 2005.

The following amendments have been stated:

• In section 2 of the Special Economic Zone Act, 2005, after clause (m), the following clause shall be inserted:- 

"(ma) "Fire Factory" means a manufacturing facility involved in production of goods such as fireworks, chemicals or other products involved in production of fireworks or explosion (hazards).".

• After section 4 of the principal Act, the following section shall be inserted, namely:- 

"4A. (1) Notwithstanding anything contained in sections 3 and 4, there shall be established a Virudhunagar Fire Factories Special Economic Zone (VFFSEZ) in the Virudhunagar district in the State of Tamil Nadu to facilitate the development, operation, maintenance, management, administration and regulation of fire factories in Virudhunagar district. 

(2) The VFFSEZ established under sub-section (1) shall,- 

(a) facilitate the growth of fire factories by providing infrastructure, incentives and a conducive regulatory environment; 

(b) promote exports and attract foreign and domestic investments in the fire manufacturing sector; and 

(c) ensure strict adherence to safety protocols, environmental standards and labour regulations within the Special Economic Zone. 

(3) The provisions of this Act shall apply mutatis mutandis to the VFFSEZ established under sub-section (1)."

It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint.

[Bill No. 158 of 2024]


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