Exports from SEZs up 46.7% during Apr-Dec
Exports from special economic zones (SEZs) grew by 46.7% year-on-year to Rs 2.23 lakh crore during April-December period of the current fiscal, Parliament was informed on Wednesay.
"The total physical exports from SEZs in the first three quarters of the current financial year has been to the tune of Rs 2,23,132 crore approximately registering growth of 46.7% over the exports of corresponding period of the previous year," Minister of State for Commerce and Industry Jyotiraditya Scindia told the Rajya Sabha in a written reply.
Scindia said that a total of 130 tax-free enclaves are currently exporting goods. "This include seven central government SEZs and 12 state/private sector SEZs set up prior to the enactment of SEZ Act, 2005," he said. SEZs have emerged as major route for attracting investments and increasing exports. The SEZs contributed about one-fourth to the country's overall exports.
Highest number of SEZs are operational in Andhra Pradesh (32) followed by Tamil Nadu (22), Karnataka (20), Maharashtra (16), Gujarat (13), Kerala (7), Uttar Pradesh (6), West Bengal (5) and each in Chandigarh, Madhya Pradesh and Orissa.
He further said that as on December 2010, an investment of Rs 1,95,348 crore has been made in SEZs and the total direct employment has been generated for 6,44,073 persons. Shipments from SEZs increased by 121% to Rs 2,20,711 crore in 2009-10 over the corresponding period last year.
SEZ units are eligible for 100% tax exemption for first five years and 50% for the next five. The developers of the zones also avail 100% income tax exemption for 10 years.