Special Economic Zones Touch New Heights in terms of Performance in Exports, Investment and Employment

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.

Name 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 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 Rs. 22,840 Crore in 2005-06 has increased to Rs. 7,59,524 Crore in 2020-21; Investment of Rs. 4,035.51 Crore in 2005-06 has increased to Rs. 6,17,499 Crore (cumulative basis) by 2020-21 and Employment 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, 2005 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, Piyush Goyal, in a written reply in the Rajya Sabha on 23 July, 2021.