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SEZs Post US$ 19.27 Billion Exports for January-June

Posted on December 11, 2009 by India Briefing

Dec. 11 – India’s special economic zones (SEZs) numbering 101 posted US$ 19.27 billion worth of exports for the first six months of the year.

Commerce Minister, Anand Sharma, said during question hour in the Rajya Sabha: “The SEZs recorded exports of US$ 21.41 billion last (calendar) year. In the first six months of this year, they recorded exports of US$ 19.27 billion.”

He added, “Approval in principle has been accorded for 570 SSEZs and 101 are operational. Physical exports constitute 89 per cent of their turnover.” SEZs have been instrumental in bringing more foreign investments and new technology into the country. The minister said that there was a regular review of their functioning SEZs and that the development commissioners will be giving quarterly reports.