SEZ exports up 56% in April-September

SEZ exports up 56% in April-September

New Delhi: Exports from special economic zones (SEZs) grew by 56% to Rs1,39,841 crore during April-September 2010-11 over the year-ago period.

In the first half of 2009-10, the exports from the tax- free enclaves were Rs89,750 crore.

Exports from the zones during 2009-10 were Rs2.2 lakh crore against Rs99,000 crore in the previous fiscal.

The 122 operational SEZs have provided employment to 6,20,824 persons, according to the data by Export Promotion Council for EOUs &SEZ (EPCES) released on Monday.

It said that additional employment of over 1.17 lakh was created in the zones during April-September 2010-11.

As on 30 September, total investment in SEZs was estimated at Rs1,76,148 crore, including Rs1,61,743 crore in the newly notified zones.

EPCES further said that additional investment of Rs27,660 crore has been made in the first two quarters of the current financial year.

The industry is expecting that exports from SEZs would be in the range of Rs3 lakh crore in 2010-11.

IT, IT-hardware, petroleum, engineering, leather and garments are the leading exports from the SEZs.

In the wake of global economic slowdown, a large number of developers were given more time to execute their projects while some of them surrendered their tax-free enclaves.

Meanwhile, the next meeting of the Board of Approval, an inter-ministerial body that deals with SEZs and related issues is scheduled for 19 November.