special economic zone has achieved the highest growth in exports among all the
seven SEZs in the country by registering a turn-over of Rs 44,571 Crores during
the first six months of the current financial year 2019-20 as against Rs 34,459
Crores during the same period last financial year. The 472 units in the Zone
have contributed to the unique feat during the year
zone recorded 29.35 per cent growth, highest among all seven SEZs
Addressing media persons here on Monday 7 Oct,
VSEZ Zonal Development Commissioner ARM Reddy said the zone recorded 29.35 per
cent growth, highest among all seven SEZs—Cochin, Mumbai, Falta, Kandla,
Chennai and Noida—in the country. He praised the efforts of all developers and
472 units in VSEZ for achieving the highest exports in merchandise and services
despite the slowdown in the automobile sector.
Out of 351 notified SEZs, 232 operational
He said there are 351 notified SEZs in the
country and out of the 232 are operational. The investment made by these SEZs
so far is Rs 5.07 lakh crore and providing employment to 20.61 lakh compared to
1.34 lakh in 2006. Exports from 5,109 SEZ units in the country during 2018-19
are to the tune of Rs 7.01 lakh crore.
Reddy said VSEZ, which was set up in 1989 has its
jurisdiction in Andhra Pradesh, Chhattisgarh, Telangana and Yanam, though its
activity is prominent in AP and Telangana.
contribution to the country’s exports
VSEZ’s contribution to the country’s exports is
pegged at Rs 74,747.61 crore during 2018-19 and attracted investment worth Rs
55,452.40 crore and providing jobs to more than 3,45,134 persons apart from
support to infrastructure, domestic industries, domestic service providers and
local economy, he added.
The SEZs, which have achieved the highest growth
rate this fiscal year in exports are APIIC Ltd, Naidupeta, Sricity SEZ e, FAB
City SPV (India) Limited, Brandix India Apparel City Pvt Ltd, and Bharatiya
International SEZ Ltd.
Investment in Software sector was the highest at
Rs 23,239.67 crore, followed by Pharma sector with Rs 8,428.60 crore,
Non-Conventional energy with Rs 2,057.00 crore and Textiles and garments with
Rs 1,055.30 crore, he said.
hoped the SEZs in the zone will achieve Rs 85,000 crore target this fiscal year
The overall employment generation in SEZs of
Andhra Pradesh and Telangana has touched 3,45,134 till June this year with the
software sector leading in employment generation with 2,79,065. Reddy hoped the
SEZs in the zone will achieve Rs 85,000 crore target this fiscal year in
Meanwhile, Andhra Pradesh Chambers of Commerce
and Industry Federation former president G Sambasiva Rao congratulated the zone for achieving the
highest growth among seven zones in the country. They lauded him for his
pro-active and industry-friendly attitude.