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EOU/SEZ Sector accelerates pace of economic growth

11 Jan '08
3 min read

I have asked Commerce Secretary to take a meeting with various State Governments this month for an early resolution of these issues”, he added.

Shri Kamal Nath stated that the exports from SEZs in the year 2006-07 was Rs.34,787 crore, which was 52% higher than the previous year's exports. “This year, I am expecting a growth of 100% and the exports from SEZs are likely to touch Rs.67,000 crore.

Exports from SEZs is like to cross Rs.1,00,000 crore in the year 2008-09. At present, over 42 SEZs have already started operations and many more new SEZs are in the advance stage of operation.

Many of these SEZs are recruiting people from rural areas and providing them training for operations in the SEZs, as we have seen from Gem & Jewellery SEZ in Hyderabad, Textiles units in Mahindra SEZ in Chennai and other new SEZs like Nokia, Flextronics in Chennai, Apache SEZ, Brandix Apparel SEZ, Divy's Laboratories in Andhra Pradesh and Rajiv Gandhi Technology Park in Chandigarh”, he said.

While congratulating the award winners, the Minister said that “I am sure, all of you will strive towards achieving the full export potential of your establishments, thereby contributing to the country's economy as well as creation of further employment”.

Speaking on the occasion, Shri Vasu, Chairman, EPCES, informed that EOUs and SEZs encourage manufacturing, exports, and employment generation and accelerate the process of inclusive growth.

He further added that EOUs and SEZs provide direct employment to over 6.5 lakh people and indirect employment nearly 5 times.

Most of the employment is generated in rural and semi-rural areas. EOUs are operating in 27 states and new SEZs have been approved in 22 states. 420 SEZs have already started operations and have already started exporting.

The total number of awards presented were 47 and are in the fields of gem & jewellery, engineering, plastic products, electronic, computer hardware, services, readymade garments, handicrafts, chemical & allied products, textile products, food products etc.

Press Information Bureau Government of India

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