Exports from 63 SEZs Projected at Rs 21,632 Crore

March 19, 2007	(Be the first to rate this story!)  Loading ...
Print This Story   Email This Story Subscribe Newsletter

The 63 special economic zones (SEZs) that have been notified since February 2006 are expected to do a business of worth Rs. 21, 631.94 crore, revealed commerce ministry’s projections.

Meanwhile, the commerce ministry also predicted a 201 percent rise in export earnings from all the SEZs at Rs 67,299 crore. It was hovering around Rs 22,309 crore in 2005-06. SEZs 2006-07 export figures are being prepared and will be available next month.

However, out of the 63 notified zones that came into existence after the SEZ Act, it’s the Chennai-based Flextronics, electronic hardware, which has the top projection. The 440-acre zone, which so far has invested worth Rs 200 crore has a projection of Rs 6,901 crore.

The second highest projection is for Essar-Hazira zone, which is in Gujarat. This zone, which is known for its engineering products, is spread over 247 acre and has seen Rs 2000 crore being pumped into the project. The projection for Essar-Hazira zone is pegged at Rs 3,300 crore.

EON Kharadi Infrastructure zone near Pune for IT and ITeS, which is spread over 18-acre, has the third highest projection for 2007-08. With its current investment of Rs184 crore, it’s expected to do a business of Rs. 3000 crore.

Serum Bio-pharma park in Pune, Moser Baer SEZ in Greater Noida and Mundra port zone in Gujarat are the other special economic zones that are given top billing in export earnings.

So far, Rs 13,435 crore has been invested in these 63 special economic zones (SEZs).

While the exports of all those zones that came up before the SEZ Act in February, 2006 are expected see a growth of astounding 532 percent. That will take their earnings to Rs 20,117.68 crore in 2006-07 in comparison to compared to Rs 3,182.86 crore that they earned in 2005-06.

News Published Under:   Special Economic Zones |