SME Times is powered by   
Search News
Just in:   • Modi's April 5 blackout call puts power grid on high alert  • Google Fi doubles data limit to 30GB in US  • Post-COVID, India to recover faster than advanced nations  • RIL aircraft ferries 6,000 PPE kits to Mumbai  • CBDT issues orders to mitigate hardships to taxpayers 
Last updated: 18 Feb, 2020  

SEZ.9.Thmb.jpg Exports from SEZ achieve $100 bn mark in 2019-20

exports-new012010.jpg
   Top Stories
» Post-COVID, India to recover faster than advanced nations
» Fund set up for MSMEs to tackle COVID-19 effects
» Andhra exports 1,530 MT of aqua products
» Exports of diagnostic kits restricted
» MSMEs need to be treated with special care: CII
SME Times News Bureau | 18 Feb, 2020

Exports from the country’s Special Economic Zones have achieved $100 billion dollar mark in FY 2019-20 amidst volatile global economy.

The $100 billion exports mark was reached on Monday.

Earlier, SEZs had achieved the landmark of $100-billion worth of exports during the full financial year 2018-19.

"It is observed that while the services segment, constituting majorly of IT & ITeS services, was driver of the export growth at 23.69 per cent," the Ministry of Commerce & Industry said in a statement issued on Tuesday.

According to the statement, there was almost 4 per cent growth in manufacturing segment.

"This reflects overall expansion and interest in SEZs in the country," the statement said.

Besides, the number of operational SEZs have grown to 241 as against 235 at the end of FY 2018-19.

As per the statement, important sectors that saw healthy growth in this financial year include "Gems & Jewelry (13.3 per cent), Trading & Logistics (35 per cent), Leather & Footwear (15 per cent), Non-Conventional Energy (47 per cent), Textiles & Garments (17.6 per cent)."

"Petrochemicals constitute a major segment of SEZ exports, however, growth was muted in this segment; which may be attributed to softening of global crude prices."

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 05 Apr, 2020
  Daily Poll
Ease of doing business improved in last one year
 Yes
 No
 Can't say
  Commented Stories
» China's forex reserves reach USD 2.85 trillion(4)
» Private banks, NBFCs to continue EMIs, if not informed(1)
» The big bang RBI stimulus(1)
» Ensure paychecks for workers, cash flow for firms: Report(1)
» Fund set up for MSMEs to tackle COVID-19 effects(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter