SEZ exports cross US$100 bn mark by mid-Feb ‘20
An official release said on Tuesday that exports from SEZs have crossed $100 billion mark by mid-February in the current financial year. They have surpassed the 2018-19 level. “Even in the midst of volatile global economy, SEZs in India have shown resilience and have achieved $100 billion worth of exports in FY 2019-20, as on February 17, 2020,” the statement said. At 23.69%, the services segment, constituting majorly of IT and ITeS services, was the main driver of export growth. The manufacturing segment registered a growth of about 4%.
Other sectors with a decent performance are gems and jewellery (13.3%), trading and logistics (35%), leather and footwear (15%), non-conventional energy (47%), textiles and garments (17.6%). Petrochemicals, however, saw a muted growth owing to softening of global crude prices.