Friday, February 15, 2008

Exports From Sezs Likely To Increase To Rs 1.4 Lakh Cr Next Fiscal

Ahmedabad: Exports from special economic zones (SEZs), mainly from the IT and ITeS-based zones, are expected to double to Rs 1,40,000 crore in the fiscal 2008-09.

In 2006-07, exports from SEZs touched Rs 34,787 crore and are expected to increase by nearly 93 per cent in 2007-08 to Rs 67,088 crore, according to Mr Ravi S. Saxena, Development Commissioner, Kandla SEZ, Union Ministry of Commerce and Industry. Nearly 70 per cent of this revenue came from the IT sector. The total land requirement for the formal approvals granted till date is nearly 59,933 hectares. Out of the 428 formal approvals, 160 are for sector-specific and multi-products purposes for labour-intensive manufacture of textiles and apparels, leather footwear, automobile components, engineering etc. In Gujarat, altogether 19 formal approvals have been given for SEZs and 16 others notified in which the proposed investment would be nearly Rs 1,06,924 crore with an expected job potential of 5,46,294 (direct and indirect). Of this, Rs 34,600 crore has already been invested, creating nearly 16,000 jobs.

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