Exports from SEZs likely to rise 15% this fiscal

Exports from SEZs likely to rise 15% this fiscal

New Delhi: Exports from the special economic zones (SEZs) are likely to grow by 15% in the current fiscal year over 2008-09, a senior government official said on Thursday.

In the previous fiscal, exports from the SEZs was Rs99,689 crore.

“In 2009-10, exports from SEZ are likely to increase by about 15% over the last fiscal...We are confident that exports growth will be there (despite the slowdown)," DK Mittal, additional secretary in commerce ministry, told reporters here.

He said the shipments were at Rs1,01,264 crore in the first half of the current fiscal itself. “We have robust growth from the SEZs," Mittal added.

Exports from Reliance Industries’ Jamnagar refinery is likely to contribute substantially to the total shipments this fiscal, another official said.

As per the industry experts, gems and jewellery, textiles, engineering and telecommunications SEZs were the major contributors to the exports.

As on 30 September this year, 578 SEZs have got formal approval, 147 ‘in-principle’ approval, and 340 have been notified. Of this, 101 are functional. The total investments in SEZs were at Rs1,29,985.52 crore till September.

The total employment in the tax free enclaves as on 30 September was 4,18,129 people.