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Exports from these zones dipped to Rs 7.56 lakh crore in 2020-21 as against Rs 7.97 lakh crore in 2019-20, according to commerce ministry data. SEZs are key export hubs which contribute about one-fourth of the country's total outbound shipments.
During the April-June quarter of the current fiscal exports from special economic zones (SEZs) grew by about 41.5% to Rs 2.15 lakh on the back of healthy growth in pharmaceuticals, engineering, and gems and jewellery sectors, as per official data. Exports from these zones dipped to Rs 7.56 lakh crore in 2020-21 as against Rs 7.97 lakh crore in 2019-20, according to commerce ministry data. SEZs are key export hubs which contribute about one-fourth of the country’s total outbound shipments.
Export council to take total exports to $400 billion
Export Promotion Council for EoUs and SEZs (EPCES) is the nodal body, set up by the commerce ministry, to promote shipments from these zones. The council has announced Bhuvnesh Seth as its new chairman and Srikanth Badiga as the new vice-chairman. During the fiscal the council would work on taking the country’s exports to $400 billion.
As many as 427 such zones have been approved by the government, out of which 267 are operational as on June 30.
The data showed that Rs 6.25 lakh crore have been invested in these zones and a total of 24.47 lakh people are employed there as of June 30. The major export destinations include the United Arab Emirates, US, UK, Australia and Singapore.