Exports from India's SEZs up 4% YoY to $163.69 bn in FY24

Exports from SEZs were worth $157.24 billion in FY23 and $133 billion in FY22.

SEZs contributed over a third of the country's total outbound shipments in FY24, a news agency reported.

India has approved 423 SEZs, out of which 280 were operational as of March 31 this year. Five thousand seven hundred and eleven units were approved in these zones till December 31, 2023.

As of December 31 last year, over ₹6.92 lakh crore have been invested in these zones and a total of 30.70 lakh people were employed there.

Major export destinations include the United States, the United Arab Emirates, the United Kingdom, Australia and Singapore.

ALCHEMPro News Desk (DS)