image

SEZ Exports Stood at Rs 1.3 Lakh Crores in First Quarter of 2013-14

In addition to Seven Central Government Special Economic Zones (SEZs) and 12 State/Private Sector SEZs set up prior to the enactment of SEZ Act, 2005, formal approval has been accorded to 576 proposals out of which 392 SEZs presently stand notified.  A total of 173 SEZs have commenced export. A list showing State-wise distribution of formally approved, notified and operational SEZs is annexed (Annexure-I). No proposal for setting up of an SEZ is pending for approval by Board of Approval.

Parameters such as export, investment, employment generated in SEZs are monitored on a regular basis. Specific studies commissioned by the Department of Commerce to assess the socio-economic impact of SEZs have shown that SEZs have created a significant local area impact in terms of direct as well as indirect employment, emergence of new activities, changes in consumption pattern and positively impacted socio-economic development contributed to creation of social infrastructure such as education, healthcare etc. The contribution of SEZ exports and country™s exports during the last three years and the current financial year are as under:

 

 Sl. No.

 

Financial Year

Exports

 

Total exports of the Country

(Value in Rs.  Crore)

Total SEZ Exports

 (Value in Rs.Crore)

% share of SEZ exports in the total exports of the country

1

2010-11

11,42,922

3,15,868

27.64

2

2011-12

14,65,959

3,64,478

24.86

3

2012-13

16,35,261

4,76,159

29.12

4

 2013-14*

4,05,105

1,13,299

27.97

* April, 2013 to June, 2013

Exports from SEZs today constitute a wide spectrum of goods and services ranging from Engineering, Chemicals, Pharmaceuticals, Petro chemicals, Apparels and Garments, Gems and Jewellery, IT/ITES etc.

Businesses established in SEZs are as susceptible to the external environment similar to businesses in the Domestic Tariff Area of the country. Global economic slowdown has had an adverse impact on SEZs as well. In order to address the challenges being faced by SEZs, certain amendments in SEZ policy and its operational framework have been made with the objective of making SEZs more investors™ friendly.

Annexure-I

STATE-WISE DISTRIBUTION OF APPROVED SEZs (As on 31st July, 2013)

State

Formal Approvals

Notified SEZs

Operational (Exporting) SEZs

Andhra Pradesh

109

78

39

Chandigarh

2

2

2

Chhattisgarh

2

1

1

Delhi

3

0

0

Dadra & Nagar Haveli

2

1

0

Goa

7

3

0

Gujarat

43

30

18

Haryana

46

35

5

Jharkhand

1

1

0

Karnataka

61

40

22

Kerala

29

24

8

Madhya Pradesh

19

9

2

Maharashtra

102

65

20

Manipur

1

0

0

Nagaland

2

2

0

Odisha

10

5

1

Puducherry

1

0

0

Punjab

8

2

2

Rajasthan

10

10

5

Tamil Nadu

67

53

33

Uttar Pradesh

31

21

9

Uttarakhand

2

1

0

West Bengal

18

9

6

GRAND TOTAL

576

392

173

profile image

About eMinds Legal

eMinds Legal

eMinds Legal is a Corporate Law Firm based in Gurgaon, India specializing in Corporate Legal, Corporate Secretarial and Compliance. The Firm comprises of a team of Corporate Lawyers and Company Secretaries with in-depth subject matter knowledge and participative industry experience of over 15 years.

Leave a Reply

Your email address will not be published. Required fields are marked *

Corporate Law Referencer

Corporate Law Referencer

Corporate Law Referencer

India’s Leading Compliance Software

India’s Leading Compliance Software

Get A Demo Today !

Recent Articles

Recent Legal updates

Recent Gst Updates