New Delhi, July 3 -- In a major step to improve the ease of doing business in Chandigarh, the Ministry of Home Affairs (MHA) has extended the Punjab Right to Business Act, 2020, to the Union Territory with a series of modifications tailored to suit its administrative setup, creating a dedicated framework for faster business approvals and investment facilitation.

The extension of the Act is expected to reduce regulatory burden, improve investor confidence and further strengthen the ease of doing business ecosystem in Chandigarh.

Businesses operating in IT parks, biotech parks, Special Economic Zones (SEZs), industrial townships, growth centres, food processing parks, or any other similar project approved by the competent authority of the...