RIL's Jamnagar SEZ contributes 83% to the state's SEZ exports SEZ News
AHMEDABAD: Exports from Gujarat's Special Economic Zones (SEZs) rose 24% in the last financial year to over Rs 2 lakh crore, helped mainly by Reliance Industries figures.
"RIL's Jamnagar SEZ contributes 83% to the state's exports that account for 55% of total total SEZ exports from the country.
Reliance registered 61% growth in petro products shipments from Jamnagar to Rs 1.66 lakh crore. Physical exports from Reliance SEZ stood at Rs 1,48,495.96 while deemed exports were of Rs 17,802.37 crore. Multi-product SEZ at Surat clocked Rs 27,468.57 crore exports and deemed exports of Rs 0.36 crore.
Exports from other SEZs like Kandla, Apparel SEZ at Sachin near and pharmaceutical SEZ by Zydus Infrastructure too rose. Kandla SEZ's physical exports were at Rs 2,960 crore and deemed exports were worth Rs 36.20. Zydus exported medicines worth Rs 245 crore and services worth Rs 102 crore.
Other contributors were Adani SEZ (erstwhile MPSEZ) with physical exports of Rs 335 crore and service exports of Rs 1,344 crore and Dahej SEZ with product exports of Rs 836 crore and deemed exports of Rs 80 crore.
""No significant investment is coming into the SEZs because of the economic downturn. There are also issues like Minimum Alternate Tax (MAT) as well as clarity of policies. In spite of this, our SEZ is almost full. More units are also coming on stream,"" R J Shah, CEO of Dahej SEZ told ET.
Gujarat has 55 SEZs, out of which 12 are functional and another 20 are under various stages of implementation. The state also has eight IT and ITeS SEZs. They cover an area of approximately 27,125 hectare. Put together, the 12 operational SEZs have attracted an investment of Rs 78,000 and are employing over 80,000 people.
Recently, the state commissioned an SEZ from Jubilant Life Sciences. Earlier, companies like DLF, Essar, Strength Real Estate, NG Realty and Mexus corporation alter their plans and cancelled SEZs in Gujarat. The projects could not get sufficient companies to set up their shops. Gujarat Hydrocarbons & Power SEZ Limited has decreased the size of its SEZ. SEZ exports from Gujarat rose from Rs 24,017 crore in 2008-09 to Rs 1,14,850 crore in 2009-10 and Rs 1,61,087 crore in 2010-11. SEZ imports during the past three years were Rs 29,152 crore, Rs 1,07,481 crore and Rs 1,45,113 crore respectively.