Export Promotion Council for EoUs and SEZs (EPCES) said the major sectors contributing to the growth include biotech, chemicals, pharmaceuticals, computers, electronics, non-conventional energy, plastic, rubber, trading and services.
Vinay Sharma, officiating chairman of EPCES, said: "The healthy pace of growth in exports from SEZs once again reflects the increasing economical impact of these zones and its contribution to the country’s export earnings."
The major export destinations are the UAE, US and Saudi Arabia.
However, regions like Hong Kong, Africa, Kenya and Oman have seen negative trends, it added.
These zones enjoy certain fiscal and non-fiscal incentives such as no licence requirement for import; full freedom for subcontracting; and no routine examination by customs authorities of export/import cargo.
They also enjoy direct and indirect tax benefits.
ABM(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)