October 12, 2019
Exports from EOUs/SEZs increased from US $ 5 billion in 2006 to US $ 100 billion in 2018; employing more than 21 lakh people: PHD Chamber
Exports from SEZs are growing tremendously, increased from US $ 5 billion in 2006 to US $ 100 billion in 2018 along with high rate of growth in investments and generation of new employment opportunities for growing work force in the country, said the industry body PHD Chamber of Commerce and Industry in a press statement issued here today.
A whopping growth of exports from SEZs has been registered at 1900% from 2006 to 2018. Employment creation in the SEZs has increased from 1.4 lakh people in 2006 to more than 21 lakh people in the recent times (June 2019), said the industry body PHDCCI.
PHD Chamber of Commerce and Industry organized an Interactive Session on EOUs/SEZ Units/SEZ Developers in India at PHD House, New Delhi.
The Chief Guest for the session Dr L B Singhal, Development Commissioner, North Zone SEZs, while addressing the august gathering appreciated the world class infrastructure of India’s SEZ and the many fold growth witnessed in the SEZ exports.
Exports from SEZs have not only crossed US $ 100 billion mark but also have created a large chunk of incremental investments and employments generation, said Dr L B Singhal
Dr Singhal further assured that the Government is committed to extend all possible support for significant development of SEZs in India.
He mentioned that the Government has taken several initiatives to encourage private sector participation in the economic development of Export Oriented Units (EOUs) or Special Economic Zones (SEZs) in India.
This will encourage SEZs to unlock their true potential, going forward, said Dr Singhal.
Investments in SEZ’s have increased from Rs.4035 crores in 2006 to Rs.5,09,148 crores in 2019 said Mr Sanjay Aggarwal, Senior Vice President, PHDCCI while speaking at the Interactive session.
Highlighting on the positive and strong correlation between investments made in SEZs, the exports from these SEZs and employment generated from them in India, Mr Sanjay Aggarwal urged the government for improvements and modifications in SEZs with the increased private sector participation.
Mr Pradeep Multani, Vice President, PHDCCI presented the vote of thanks to the chief guest Dr L B Singhal, Development Commissioner, SEZ and also thanked all the esteemed speakers and the dignitaries present at the occasion.