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SEZ exports may touch Rs 1 lakh crore this fiscal

Last Updated: Wednesday, July 29, 2009 - 14:28

New Delhi: Exports from special economic
zones are likely to grow by about 10 percent to Rs 1,10,000
crore in 2009-10 financial year, Parliament was told on Wednesday.

"Exports worth Rs 99,689 crore have been made from SEZs
during 2008-09 registering a growth of 50 percent over the
exports for the year 2007-08 ... Projection of exports for
2009-10 is Rs 1,10,000 crore," Minister of State for Commerce
and Industry Jyotiraditya Scindia said in a written reply to
a question in the Rajya Sabha.

Scindia said that tax-free zones in Andhra Pradesh
contributed Rs 2,727 crore to the total SEZ exports.

So far 576 formal approvals have been given for setting
up SEZs, of which 319 have been notified.

The country`s tax-free enclaves have attracted foreign
direct investment of over Rs 10,900 crore in the last three

India`s overall exports, however, are in the negative
zone since October 2008. Exports grew by meager 3.4 percent
to USD 168 billion (Rs 7,66,935 crore) in FY`09.

Bureau Report

First Published: Wednesday, July 29, 2009 - 14:28
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