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Home News News and Press Release Month 3 2015 2015 (3) This

Conversion of EPZ into SEZ

13-3-2015
  • Contents

Eight Export Processing Zones (EPZs) were converted into Special Economic Zones (SEZs) with the enactment of SEZ Act 2005 and Rules framed thereunder.  However, no EPZ has since been converted into SEZ.

The contribution of SEZ exports, employment generated and investment made in respect of these 8 SEZs during the last three years is as under:

Financial Year

Exports  (Rs. Crore)

*Employment  (Persons)

*Investment  (Rs. Crore)

2011-2012

98381.57

221246

11824.87

2012-2013

119322.87

230737

12266.88

2013-2014

72628

241355

13345.27

* Calculated on cumulative basis.

The performance of the Units are regularly monitored by the Development Commissioners of SEZs as per the provisions of SEZ Act, 2005 and Rules framed thereunder to ensure that exports are made in accordance with SEZ laws.

This information was given by the Minister of State (Independent Charge) in the Ministry of Commerce & Industry Smt. Nirmala Sitharaman in a written reply in Lok Sabha today.

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