Exports amounted to Rs91,923 crore in April-November 2010.
The Special Economic Zones (SEZs) in the state are providing the silver lining among the dark clouds of global economic slowdown. Amidst reports of financial meltdown, exports from SEZs in the state have risen by more than 37%.
According to data provided by Development Commissioner’s office, Kandla SEZ, the 15 functional SEZs in the state accounted for exports worth Rs1.26 lakh crore from April to November 2011. Exports in the same period last year was of Rs91,923 crore.
Physical exports from SEZs in the state rose from Rs82,385 crore to Rs1.13 lakh crore, a rise of almost 38%.
However, service exports fell from Rs1,183 crore to Rs985 crore. Deemed exports went up from Rs8,345 crore to Rs11,787 crore in the current year.
“SEZs in the state have been doing well, which is reflected by the sharp rise in exports so far. However, there is a possibility that the growth may slow down if the economic situation worsens,” said an official in the industries department. With exports of Rs1.07 lakh crore, the Reliance Refinery in Jamnagar accounted for 85% of the total exports from Gujarat SEZs from April to November.
However, exports from Reliance SEZ in the current year are significantly lower than last year when it achieved exports of Rs1.17 lakh crore between April and November. The multi-product Surat Special Economic Zone in Surat had the second highest exports among SEZs in the state with exports of Rs14,615 crore in the first eight months of the year.
The Kandla Special Economic Zone in Kandla recorded total exports of Rs1,965 crore between April and November, followed by Adani Group's Mundra Port & Special Economic Zone with exports of Rs1,180 crore. The Dahej SEZ in Dahej achieved exports of Rs450 crore, while Zydus's pharma SEZ in Ahmedabad recorded exports of Rs180 crore.
A senior official in one of the private SEZs said requesting anonymity that SEZs too were feeling the pinch of the economic concerns. "The level of fresh investments in SEZs is lower than the targeted, as companies are wary of making new investments during uncertain times," he said.