Home / Knowledge / News / Exports from SEZs shows a growth of 192%
Exports from SEZs shows a growth of 192%
Sep '08
Though SEZs have landed into great controversies, yet their exports registered a substantial growth of 192% between 2005-06 to 2007-08 and in 2008-09, SEZs exports are likely to phenomenally go up to 451%, according to The Associated Chambers of Commerce and Industry of India (ASSOCHAM).

In 2005-06, after the SEZ Act came into being, exports from SEZs, according to official estimates were Rs. 22840 crore which went up to Rs. 66638 crore in 2007-08, clearly showing a growth of 192%, further says the ASSOCHAM assessment.

Interestingly, in 2005-06, the contribution of SEZs exports to total exports of India in percentage terms works out to be 5.004% as its total exports in terms of volume were measured at Rs.456417.94 crore.

In 2007-08, the total exports of India as per official figure between April-December are estimated at Rs.478522.52 crore, thus their contributions to total domestic exports have gone up from 5.004% in 2005-06 to 13.93% in first 9 months of 2007-08. For fiscal 2007-08, the figures available with ASSOCHAM are only upto April-December.

Releasing the Chamber assessment, the ASSOCHAM President, Mr. Sajjan Jindal said that by 2011-12, the ASSOCHAM expects SEZs exports going up to over Rs. 515891.2 crores as by then realistically all the controversies relating to SEZs would be resolved.

According to ASSOCHAM estimates, as far as employment from SEZs is concerned, it has projected that by 2011-12, the SEZs in totality are expected to create direct employment opportunity for 10 million skilled workforce.

The official estimate shows that by March 2008, the SEZs have created direct employment opportunities for 1 million people which by December 2009 would go up to more than 2 million people.

As on date, 90 SEZs are operational and 253 have been notified after enactment of SEZ Act. In the 90 operational SEZs, there are only 353 units that have come up.

Coming back to the issue of expected investment in new generation Special Economic Zones, the ASSOCHAM is optimistic that by end of 11th five year plan period, the SEZs would attract investments volume of Rs. 10 lakh crore.

As per official estimates, the SEZs by December 2009 would receive investments to an extent of nearly Rs. 3 lakh crore.

The ASSOCHAM estimates also say that ever since the SEZ Act came into being in 2005, their success ratio has been observed much higher in North and Eastern part of the country.

This comprising Delhi, Rajasthan, Haryana, Punjab, Orissa and West Bengal. This is because in this region, the approvals were given for multi product SEZs.

While, this has not been the case in Southern and Western part consisting of Andhra, Karnataka, Tamil Nadu, Kerala, Gujarat, Maharasthra, Goa etc in this region, the approvals were given more for ITeS SEZs which did not create many job opportunities.

The Associated Chambers of Commerce and Industry of India

Must ReadView All

Textiles | On 26th May 2017

Lenzing unleashes new eco-friendly fibre

There's a new eco-friendly fibre on the anvil—Austrian speciality...

Apparel/Garments | On 26th May 2017

Benetton seeks approval for FDI in single-brand retail

Global fashion brand Benetton Group, has sought Indian government's...

Apparel/Garments | On 26th May 2017

Walmart to conduct GST workshops for SME suppliers

With the objective of supporting its small and medium-sized (SME)...

Interviews View All

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search