Exporting units in India’s special economic zones (SEZs) should be offered incentives based on the degree of value addition to boost outbound shipments and attract investments in these zones, according to the Trade Promotion Council of India (TPCI), whose founder-chairman Mohit Singla said such exports increased from ₹0.23 lakh crore in 2005-06 to ₹5.53 lakh crore in 2020-21.
At present, an exporter in an SEZ and a foreign exporter are at par when it comes to selling goods to a domestic tariff area (DTA), Singla told a TPCI webinar on SEZs.Exporting units in India's special economic zones should be offered incentives based on the degree of value addition to boost outbound shipments and attract investments there, according to the Trade Promotion Council of India, whose founder-chairman Mohit Singla said such exports increased from ₹0.23 lakh crore in 2005-06 to ₹5.53 lakh crore in 2020-21.#
Exports from SEZs and export oriented units (EOUs) contributed about 30 per cent to the country's total shipments, a TPCI press release said.
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