Exports: UP SEZs clock robust performance
Active Special Economic Zones (SEZs) in Uttar Pradesh have clocked exports worth an estimated Rs16,814 crore in 2008-09. This includes private and government-promoted export zones.
Among the government promoted SEZs, the Moradabad SEZ pegged an increase of about 27.5% in exports in FY’09, while the Noida SEZ witnessed a slight slump of about 3% to Rs16,308 crore. Moradabad SEZ, which was set up to promote handicrafts, comprising world famous art-metal and brassware, registered exports worth Rs 14.33 crore in 2008-09.
Total exports by private SEZs clocked a growth of 300% in 2008-09 at Rs 506 crore with a total investment of Rs 1,806 crore, providing direct employment to over 5,000 people. Excluding the Moser Baer SEZ, the other three SEZs namely Wipro Technologies Ltd (IT/ITeS) at Greater Noida, HCL Technologies Ltd (IT/ITeS) and Seaview Developers Ltd (IT/ITeS) at Noida, became operational in the later part of financial year 2007-08 or in first quarter of FY’09.
Currently there are 16 SEZs in Uttar Pradesh, which had been notified and ready to be operational soon. In addition to this, 19 SEZs had been formally approved by the Board of Approvals of the central government, including six more government SEZs.