SEZ exports achieve USD 100 bn mark
T
he country's Special Economic Zones have achieved USD 100 billion dollar worth of exports in FY 2019-20 amidst volatile global economy.
The $100 billion exports mark was reached on Monday.
Earlier, SEZs had achieved the landmark of $100-billion worth of exports during the full financial year 2018-19.
"It is observed that while the services segment, constituting majorly of IT iamp; ITeS services, was driver of the export growth at 23.69 per cent," the Ministry of Commerce iamp; Industry said in a statement issued on Tuesday.
According to the statement, there was almost 4 per cent growth in manufacturing segment.
"This reflects overall expansion and interest in SEZs in the country," the statement said.
Besides, the number of operational SEZs have grown to 241 as against 235 at the end of FY 2018-19.
As per the statement, important sectors that saw healthy growth in this financial year include "Gems iamp; Jewelry (13.3 per cent), Trading iamp; Logistics (35 per cent), Leather iamp; Footwear (15 per cent), Non-Conventional Energy (47 per cent), Textiles iamp; Garments (17.6 per cent)."
"Petrochemicals constitute a major segment of SEZ exports, however, growth was muted in this segment; which may be attributed to softening of global crude prices."
✔️ SEZ exports achieve USD 100 bn mark
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