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Awards for outstanding export performance of SEZs & EOU units

20
Jan '07
Shri Kamal Nath, Union Minister of Commerce & Industry, said that Special Economic Zones (SEZs) are a vital instrument not only for boosting the country's exports but also for generation of employment, creation of world-class infrastructure and attracting foreign direct investment (FDI) into the country.

Addressing the Awards functions of the Export Promotion Council for Export Oriented Units (EOUs) and SEZs here this evening, Shri Kamal Nath said that establishment of SEZs would lead to faster growth of labour-intensive manufacturing and services in the country.

“In the next 5 years, if all the projects get implemented, investments by SEZ Developers are expected to be over US $ 60 billion (Rs.3,00,000 crore). By December 2007, it is expected that investments of Rs.1,00,000 crore including Rs.25,000 crore FDI will take place in the SEZs. SEZs are expected to employ 5 lakh people by December 2007.

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, Divvy's Laboratories in Andhra Pradesh and Rajiv Gandhi Technology Park in Chandigarh”, he said.

The Minister also indicated that there could be further simplification of SEZ procedures following the Workshop to be chaired by the Commerce Secretary Shri G.K. Pillai here tomorrow to discuss suggestions which had been received from all the stakeholders, especially in the context of SEZ Rules which had been in operation for nearly a year now and are in need of continuous updating.


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