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Exports from SEZs set to reach Rs 1.25 lakh crore

Exports from the Special Economic Zones are expected to reach the target of Rs 1,25,000 crore in the current fiscal, with Reliance Industries' Jamnagar refinery alone likely to contribute Rs 35,000 crore to the total shipments.

While leading SEZs like Mahindra World, Nokia, Apache, Hyderabad Gems and Jewellery became operational in 2008-09, exports from these zones fell short of target of Rs 1,20,000 crore in the last fiscal, according to the Export Promotion Council for EOUs and SEZs.

"Gems and Jewellery, textiles, engineering and telecommunications SEZs, were the major contributors to the exports," council's Director-General L B Singhal said.

Singhal was confident about meeting the target for the current fiscal with the commissioning of the big ticket SEZ Jamnagar refinery by the Reliance Industries in December last.

"We are hopeful of achieving the target as the exports from the Reliance Industries Jamnagar SEZ are likely to be worth Rs 35,000 crore," he said. The RIL has a production capacity of 5,80,000-barrels-per-day of fuel products.

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