1. Gujarat’s SEZs beat trend, post positive growth in exports

Gujarat’s SEZs beat trend, post positive growth in exports

Even as exports from the country’s special economic zones (SEZs) have fallen in 2015-16 as compared with the previous year, most of Gujarat’s SEZs have managed to buck the trend...

By: | Ahmedabad | Updated: April 7, 2016 12:26 PM
Kandla SEZ, the country’s oldest SEZ, also known as KASEZ, has posted exports of Rs 4,227 crore, a growth of 10.21% over the previous year.   Reuters

Kandla SEZ, the country’s oldest SEZ, also known as KASEZ, has posted exports of Rs 4,227 crore, a growth of 10.21% over the previous year. Reuters

Even as exports from the country’s special economic zones (SEZs) have fallen in 2015-16 as compared with the previous year, most of Gujarat’s SEZs have managed to buck the trend and post substantially positive growth in exports.

Kandla SEZ, the country’s oldest SEZ, also known as KASEZ, has posted exports of Rs 4,227 crore, a growth of 10.21% over the previous year. Exports from Kandla SEZ had risen to more than Rs 3,800 crore in 2014-15, from R7 lakh in 1966-67. Other SEZs from the state to have increased their exports substantially over the last year include Zydus SEZ whose exports hit Rs 1,508 crore, a growth of 37%; Synefra which achieved exports of Rs 187.85 crore, a growth of 31%; Jubilant which posted exports of Rs 388.13 crore, a growth of 12%; TCS with exports of Rs 8,35.07 crore, growing 42%; and GIDC Electronic Park in Gandhinagar, whose exports touched Rs 82.33 crore, at a growth of 34%, among others.

Kandla SEZ, which majorly exports cosmetics, pharmaceutical products, processed castor oil, and other light engineering goods and plastic items, has seen heavy investment in infrastructure in 2015-16.

A new 6.5-km metallic pipeline has been laid up to Rambagh waterworks at a cost of Rs 2.5 crore, to facilitate water distribution within the state.

The zone authority has also invested in ready-to-occupy sheds with fire-fighting arrangements and heavy lifts, among other facilities. All the main roads in the zone have been made concrete-laden and new quarters have been built for the Customs staff. In 2015-16, 16 unit approval committee (UAC) meetings were held, the highest ever, and 21 new licences were issued.

With a workforce of 26,000, KASEZ is the biggest employer in Kutch district and has brought in investment worth over Rs 565 crore so far.

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