Govt. sees SEZ growth this fiscal at 10-15 percent

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Namrata Kath Hazarika | 19 May, 2012
The government has forecast growth of 10-15 percent in the special economic zone (SEZ) for the current fiscal, said the Minister of State for Commerce and Industry, Jyotiraditya Scindia in New Delhi recently.

"I firmly believe that as the SEZ sector has grown and added a tremendous amount of fillip to exports, it will continue to do so irrespective of the fiscal situation we are facing today. We should be able to achieve 10 to 15 percent growth this year," he said on the sidelines of Export Promotion Council for EOUs & SEZs (EPCES) award function.

In SEZs, the investments worth Rs.2,01,875 crore have been made. During 2011-12, SEZs have shown a growth of 15.4% to Rs 3.6 lakh crore over the year 2010-11.

As on March 31, this year, total investments in SEZs were about Rs 2.01 lakh crore and the sector has provided employment to 8.4 lakh people.

At present there are 589 formally approved SEZs, 389 SEZs have been notified and 153 SEZs were in operation as on 31st March, 2012.

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