(RTTNews) - Andhra Pradesh that has 75 notified special economic zones or SEZs has attracted investment of around Rs.15,000 crore. The state has the highest number of SEZs than any other State in the country, reports said.
During the last fiscal, these SEZs registered exports of Rs.13,000 crore and exports are expected to double during the current financial year, according to statement.
Besides attracting investment and helping create new infrastructure, these SEZs provided direct employment opportunities to nearly 1.20 lakh people, apart from providing many more indirect employment.
According to the State Government, Andhra Pradesh is the only State having 5 multi-product SEZs at Visakhapatnam, Kakinada, Naidupeta, Nellore and Chittoor. Of these SEZs at Visakhapatnam, Chittoor and Naidupeta have become operational and have started to attract investments under different categories.
Besides the SEZs, Andhra Pradesh is having 258 export-oriented units, which accounted for exports of about Rs.9,000 crore during 2010-11. These provide employment to nearly 20,000 persons. While
EOUs scheme was introduced by the Government of India in 1980, they are at liberty to set up their unit at any location of their choice.
In order to encourage
SEZ developers and EOUs, export awards for 2007-08, 2008-09 and 2009-10 were announced on Monday. Eighty-six awards were announced. DLF, Aurobindo Pharma, Solar Semiconductor, Wipro, Rain CII Carbon, APIIC are among the list of awardees for their performance.
Source : rttnews.com