Free Demo Request

Exports from SEZs up 15% in 2017-18: EPCES

Date 26-Apr-2018
Subject Exports from SEZs up 15% in 2017-18: EPCES

Exports from Special Economic Zones (SEZs) grew by about 15 percent to Rs 5.52 lakh crore in 2017-18, EPCES said recently.

Export Promotion Council for EoUs and SEZs (EPCES) said that while the goods export from these zones stood at Rs 2.74 lakh crore in 2017-18, shipments of services aggregated to Rs 2.78 lakh crore in the last fiscal.

"The combined export from SEZs in India of merchandise and software has been to the tune of Rs 5,51,344 crore as against Rs 4,68,567 crore in the last year," the council said in a statement.

The sector has recorded healthy growth in spite of the challenges such as minimum alternate tax, dividend distribution tax, it added.

The major export destinations include the United Arab Emirates, the US, the UK, Australia and Singapore.

Mr. Vinay Sharma, Officiating Chairman of EPCES, said SEZs for any foreign investor looking for 500 acres or even more land to set up plant, only an SEZ can allot the land quickly without any encumbrances, litigations, or disruptions.


Source:-Straitstimes.com

High-volume of Loyal
and Trusted Customers!

We feel pride in offering our customers the wide range of products of the top leading brands of the world.

BCG
Binani
Godrej
Induslnd Bank
Indian Oil
ITC Limited
Jindal Steel Power
Milton
Paharpur
Philips
Reliance
TATA Chemicals Limited
The Times of India
Wipro
Yamaha
Dalmia Bharat Cement
JCB
Pernod Ricard