By BW CFO World Online Bureau
During April-June 2021, the exports from Special Economic Zones (SEZs) rose 41.5% equaling Rs 2.15 lakh crore
Exports from SEZs grew about 41.5% becoming equal to Rs 2.15 lakh crore during April-June 2021. It was mainly on account of healthy growth in pharmaceuticals, engineering, and gems and jewellery sectors. SEZs are the main export hubs that contribute about one-fourth of the country’s total inbound shipments.
According to the data, the exports of these units were 7.56 lakh crores in 2020-21 and it was higher in 2019-20 being Rs 7.97 lakh crore. In the current fiscal quarter, the exports have grown to 41.5% making it equal to Rs 2.15 lakh crore. 267 zones are operational as of June 30 out of the 427 zones that have been approved by the government.
Statistics show that till June 30, Rs 6.25 lakh crore has been invested in these zones and a total of 24.47 lakh people are employed there.
Export Promotion Council for EOUs and SEZs is the nodal body being set up by the commerce ministry to facilitate shipments from these zones.
The council has announced Bhuvnesh Seth as its new chairman and Srikant Badiga as the new vice-chairman. He concluded that the council would work on taking the country’s exports to $400 billion during the current fiscal. Here, the major export destinations are United Arab Emirates(UAE), the USA, UK, Australia and Singapore.