TaxTMI 
TaxTMI 
TaxTMI 
SEZ Exports Stood at rs. 1.3 Lakh Crores in First Quarter of 2013-14
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....EZ Exports Stood at rs. 1.3 Lakh Crores in First Quarter of 2013-14 <br>News and Press Release<br>Dated:- 5-8-2013<br><BR>In addition to Seven Central Government Special Economic Zones (SEZs) and 12 State/Private Sector SEZs set up prior to the enactment of SEZ Act, 2005, formal approval has been accorded to 576 proposals out of which 392 SEZs presently stand notified. A total of 173 SEZs have com....
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....menced export. A list showing State-wise distribution of formally approved, notified and operational SEZs is annexed (Annexure-I). No proposal for setting up of an SEZ is pending for approval by Board of Approval. Parameters such as export, investment, employment generated in SEZs are monitored on a regular basis. Specific studies commissioned by the Department of Commerce to assess the socio-eco....
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....nomic impact of SEZs have shown that SEZs have created a significant local area impact in terms of direct as well as indirect employment, emergence of new activities, changes in consumption pattern and positively impacted socio-economic development contributed to creation of social infrastructure such as education, healthcare etc. The contribution of SEZ exports and country's exports during the la....
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....st three years and the current financial year are as under: Sl. No. Financial Year Exports Total exports of the Country (Value in Rs. Crore) Total SEZ Exports (Value in Rs. Crore) % share of SEZ exports in the total exports of the country 1 2010-11 11,42,922 3,15,868 27.64 2 2011-12 14,65,959 3,64,478 24.86 3 2012-13 16,35,261 4,76,159 29.12 4 2013-14* 4,05,105 1,13,29....
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....9 27.97 * April, 2013 to June, 2013 Exports from SEZs today constitute a wide spectrum of goods and services ranging from Engineering, Chemicals, Pharmaceuticals, Petro chemicals, Apparels and Garments, Gems and Jewellery, IT/ITES etc. Businesses established in SEZs are as susceptible to the external environment similar to businesses in the Domestic Tariff Area of the country. Global economic ....
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....slowdown has had an adverse impact on SEZs as well. In order to address the challenges being faced by SEZs, certain amendments in SEZ policy and its operational framework have been made with the objective of making SEZs more investors' friendly. Annexure-I STATE-WISE DISTRIBUTION OF APPROVED SEZs (As on 31st July, 2013) State Formal Approvals Notified SEZs Operational (Exporting) SEZs A....
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....ndhra Pradesh 109 78 39 Chandigarh 2 2 2 Chhattisgarh 2 1 1 Delhi 3 0 0 Dadra & Nagar Haveli 2 1 0 Goa 7 3 0 Gujarat 43 30 18 Haryana 46 35 5 Jharkhand 1 1 0 Karnataka 61 40 22 Kerala 29 24 8 Madhya Pradesh 19 9 2 Maharashtra 102 65 20 Manipur 1 0 0 Nagaland 2 2 0 Odisha 10 5 1 Puducherry 1 0 0 Punjab 8 2 2 Rajasthan 10 10 ....
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....5 Tamil Nadu 67 53 33 Uttar Pradesh 31 21 9 Uttarakhand 2 1 0 West Bengal 18 9 6 GRAND TOTAL 576 392 173 The information was given by the Minister of State in the Ministry of Commerce and Industry Dr. D. Purandeswari in a written reply in the Lok Sabha.<BR> News - Press release - PIB....