ZENITH International Journal of Multidisciplinary Research
Year : 2018, Volume : 8, Issue : 8
First page : ( 305) Last page : ( 312)
Online ISSN : 2231-5780.

Strutural and operational aspects of sepecial economic zones in India

Dr. Kiran S. P.

Post Doctoral Fellow, Dos in Economics and Co-Operation, Manasagangothri, University of Mysore, Mysuru. Email-kirueco@gmail.com

Online published on 20 September, 2018.

Abstract

Special Economic Zones (SEZs) have been recognized as an important instrument for trade and investment promotion, employment generation, creation of infrastructure, promotion of regional Development, increase in foreign exchange earnings, improving export competitiveness and transfer of skills and technology. Today there are about 1032 SEZs in India of which 21.41 per cent of the SEZs are working and contributing to the Indian economy. Remaining Zones are still in the processing stage. The highest approval was accorded to the state of Telangana followed by karnataka and Maharashtra Most of these are located in the coastal areas where transportation and other supporting infrastructure facilities are available for export purpose. Among the States, Telangana stands at the top with 64 SEZs (15.13 per cent), followed by Karnataka with 62 SEZs (14.66 per cent). The major categories in the country, the IT/ITES units stand at the top with 274 SEZs constituting about 64.78 per cent. This is followed by Bio-Tech SEZs with 23 SEZs (5.44 per cent). The Compound Growth Rate (CGR) of the value of the SEZs export earnings is 22.12 per cent per annum. Whereas the same CGR for the total export earnings is only 13.73 per cent. This clearly reveals the importance of the SEZs in the export earnings in India and also other countries in the world.

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Keywords

SEZs, Development, Growth Rate, and Exports.

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