Special Economic Zones touch new heights in terms of performance in Exports, Investment and Employment
- Press Information Bureau
- July 26, 2021
In various Special Economic Zones (SEZs) across the country, 1,096 Nos. of units has been registered during the last three years. The exports by these units during the last three years Zonal SEZ- wise and year-wise are as under: -
|
Sl. No. |
Name of the Zone |
Exports (in Rs. Crores) |
||
|
2018-19 |
2019-20 |
2020-21 |
||
|
1 |
MEPZ SEZ |
186.6 |
1,618.86 |
4,396.43 |
|
2 |
Cochin SEZ |
1,249.24 |
7,420.64 |
19,431.83 |
|
3 |
Noida SEZ |
1,358.79 |
3,763.67 |
6,550.52 |
|
4 |
Kandla SEZ |
51.4 |
4,882.15 |
13,435.92 |
|
5 |
Vishakhapatnam SEZ |
272.82 |
3,438.85 |
9,992.88 |
|
6 |
SEEPZ SEZ |
256.5 |
4,914.23 |
14,966.49 |
|
7 |
Falta SEZ |
20.72 |
217.96 |
640.68 |
|
Total |
3,396 |
26,256 |
69,415 |
|
Total 336 numbers of units exited during the last three years. The reason of such winding of operations includes variations in International market conditions, Slowdown of orders, merger of units and COVID-19 pandemic etc.
SEZs set up under SEZ law have largely or generally met their objectives. SEZs have touched new heights in terms of performance in Exports, Investment and Employment viz. Exports of Rs. 22,840 Crore in 2005-06 has increased to Rs. 7,59,524 Crore in 2020-21; Investment of Rs. 4,035.51 Crore in 2005-06 has increased to Rs. 6,17,499 Crore (cumulative basis) by 2020-21 and Employment provided to 1,34,704 persons in 2005-06 has increased to 23,58,136 persons (cumulative basis) in 2020-21. The fiscal concessions and duty benefits allowed to SEZs are inbuilt into the SEZ Act, 2005 and are consistent with the guidelines for setting up SEZs as the larger economic initiatives of the Government in general. However, there is no provision to grant additional fiscal incentives at present.
This information was given by the Union Minister of Commerce and Industry, Mr. Piyush Goyal, in a written reply in the Rajya Sabha today.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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