Opportunities In SEZs In India
Amid global disruptions, VSEZ emerged as a symbol of India’s industrial resilience — achieving record exports and employment even during lockdown. Discover how innovation, digital approvals, and government reforms turned a pandemic setback into an export success story.
VSEZ was set up at Visakhapatnam as Visakhapatnam Export Processing Zone (VEPZ) over 360.5 acres in 1989. Later with the promulgation of SEZ Act and Rules in 2005, & 2006, VSEZ came into existence with its jurisdiction over AP, Telangana and, Chattisgarh, Yanam UT and started regulating the set-up, operation, and regulation of SEZs in these states. During the year (2021-22), despite the lockdown and pandemic, VSEZ has achieved exports to the tune of Rs 53410 Cr (Rs 16885 Cr in Merchandise, Rs. 36525 Cr in services) up to 20th September, which is 26% higher than the previous year for the similar period.
Merchandise recorded a growth of 21% and services of 26% during 2021-22. The investment made during this period was Rs. 78242 Cr, and the employment generated was 4.50 lakhs.
Country’s Perspective (2021-22)
Of 427 formally approved SEZs in India, 379 were notified, and 267 are operational. The number of operational units is 5559. Total area under SEZs is 47480 ha.
Employment generated as of 30th June 2021 was 24.46 lakhs, the investment made was Rs 6.24 lakh Cr and exports made were Rs 7.59 lakh Cr (2020-21) at the country’s level. Exports in the first quarter of…
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