VSEZ clocks Rs 1.62 lakh cr exports turnover in 9 months
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Visakhapatnam: Visakhapatnam Special Economic Zone (VSEZ) has achieved exports to the tune of Rs 1,62,211 crore during the period April-December’ 2023 accounting for an increase of 24 per cent over the previous year for the corresponding period in 2022-23, according to its Zonal Development Commissioner Srinivas Muppaala
Of this, services exports were Rs 1,17,300 crore and merchandise exports stood at Rs 44,911 crore. Services exports grew by 23 per cent while merchandise exports increased by 27 per cent over the previous year for the corresponding period.
In a release, Srinivas said VSEZ has attracted investment of Rs 1,04,961 crore and generated employment of 6,61,579 people as on June 30, 2023.
He informed that during the 3rd quarter (Oct-Dec’2023) a new SEZ proposal and four new SEZ unit proposals were granted approval in Telangana and Andhra Pradesh. The SEZ will make an investment of Rs. 980 crore and provide employment to 10,240 people. The newly approved SEZ units will make an investment of Rs. 67.81 crore and provide employment to 732 people. In Andhra Pradesh one new SEZ unit proposal was approved. Accordingly, Tanmayee Logistics in Kakinada SEZ Limited will invest in rendering warehousing and auxiliary services.
