ZENITH International Journal of Business Economics & Management Research
Year : 2012, Volume : 2, Issue : 6
First page : ( 61) Last page : ( 70)
Online ISSN : 2249-8826.

Growth and contribution of special economic zones in India’s export

Dave Rina

Faculty, Department of Commerce and Management, S.G.M. English Medium College of Commerce and Management (SEMCOM), Sardar Patel University, Vallabh Vidyanagar.

Abstract

Falling in line with the evolving global phenomenon, the Government of India also introduced Special Economic Zones under the EXIM Policy in April 2000. The SEZs were created with clear objectives of providing internationally competitive and hassle free environment for earning foreign exchange, inviting foreign direct investment (FDI), facilitating transfer of technology and generation of employment. Further impetus was given by bringing SEZ Act 2005. SEZs offer a wide variety of benefits to the exporters. Using the secondary data from various publications of the Reserve Bank of India, Ministry of Industry and Commerce and CMIE we have studied the growth of SEZs for a period of five years. The SEZs are exporting a wide range of products and services like electronic, engineering items, chemicals and allied products, gem and jewelry, textiles, garments, plastics and rubber products. The findings of the study reveal that there has been a growth in the exports from SEZs. In last five years the volume of the export has increased many folds. However the SEZs are not free from the criticisms either.

Top