By KUNA
New Delhi : Exports from India’s Special Economic Zones (SEZs) are expected to exceed 25 billion usd in 2008-09, one of the country’s top trade body said Tuesday.
India has 42 functional SEZs. The government has received 439 proposals, out of which 197 have been notified and another 138 have been given in-principle approval, India’s ‘Export Promotion Council for Export Oriented Units and SEZs’ said in a report released here today. “With the huge growth potential in India, setting up of more SEZs will result in a surge in exports, investment and creation of employment opportunities,” the Council said “SEZs can contribute to the economic growth of India through employment creation, imparting training to the unskilled workforce and increasing the quantum of exports,” the study stressed. “Success on this front critically depends on the country’s ability to create a favourable business environment by providing better infrastructure and a hassle-free policy regime,” the council said. The Export Promotion Council for Export Oriented Units and SEZs was created in 2003 and is recognised by the Indian Commerce Ministry.