Special Economic Zones touch new heights in terms of performance in Exports, Investment and Employment

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..... Special Economic Zones touch new heights in terms of performance in Exports, Investment and Employment
News and Press Release
Dated:- 23-7-2021

In various Special Economic Zones (SEZs) across the country, 1096 Nos. of units has been registered during the last three years. The exports by these units during the last three years Zonal SEZ- wise and year-wise are as under:- Sl. No. Nam .....

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..... e of the Zone Exports (in Rs. Crores) 2018-19 2019-20 2020-21 1 MEPZ SEZ 186.6 1618.86 4396.43 2 Cochin SEZ 1249.24 7420.64 19431.83 3 Noida SEZ 1358.79 3763.67 6550.52 4 Kandla SEZ 51.4 4882.15 13435.92 5 Vishakhapatnam SEZ 272.82 3438.85 9992.88 6 SEEPZ SEZ 256.5 4914.23 14966.49 7 Falta SEZ 20.72 217.96 640.68 Total 3396 26256 69415 Total 336 numbers .....

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..... of units exited during the last three years. The reason of such winding of operations includes variations in International market conditions, Slowdown of orders, merger of units and COVID-19 pandemic etc. SEZs set up under SEZ law have largely or generally met their objectives. SEZs have touched new heights in terms of performance in Exports, Investment and Employment viz. Exports of ₹ 22,8 .....

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..... 40 Crore in 2005-06 has increased to ₹ 7,59,524 Crore in 2020-21; Investment of ₹ 4,035.51 Crore in 2005-06 has increased to ₹ 6,17,499 Crore (cumulative basis) by 2020-21 andEmployment provided to 1,34,704 persons in 2005-06 has increased to 23,58,136 persons (cumulative basis) in 2020-21. The fiscal concessions and duty benefits allowed to SEZs are inbuilt into the SEZ Act, 200 .....

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..... 5 and are consistent with the guidelines for setting up SEZs as the larger economic initiatives of the Government in general. However, there is no provision to grant additional fiscal incentives at present. This information was given by the Union Minister of Commerce and Industry, Shri Piyush Goyal, in a written reply in the Rajya Sabha today.
News - Press release - PIB .....

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