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K.R. Srivats

New Delhi April 24 Exports from Special Economic Zones (SEZs) grew 52.31 per cent in 2006-07 to Rs 34,787 crore from Rs 22,840 crore in the previous year.

The growth rate was more than double the 24.71 per cent increase recorded in the previous year. In 2004-05, exports from SEZs stood at Rs 18,314 crore.

"Incremental exports from existing SEZs and contribution from new SEZs accounted for this increase," Mr L.B. Singhal, Director-General of the Export Promotion Council for EoUs and SEZ units, told Business Line.

He also said that exports from SEZs are likely to touch Rs 67,300 crore in 2007-08. "We expect almost 100 per cent increase in exports for the current year."

Meanwhile, the total investments that would be made in the 234 SEZs for which formal approval has already been given has been estimated at Rs 3,00,000 crore.

This does not include the 172 in-principle approvals and 370 applications that are yet to be considered, Mr Singhal said.

More Stories on : Exports & Imports | Infrastructure

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