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Cochin SEZ Exports Grow Record 705%
June 04, 2018
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Cochin Special Economic Zone (SEZ) showed a massive growth in merchandise exports which marked a 705% increase on a year-over-year basis. Surprisingly, the total exports from all the SEZs combined grew only 5%.
Officiating chairman of Export Promotion Council for EOUs & SEZs (EPCES) Vinay Sharma said that that the total exports at end of April this year stood at Rs. 20,548 crores compared to Rs. 19,488 crores last year in the same period. However, Cochin SEZ exports alone increased to Rs. 3,708 crores from mere Rs. 461 crores last year.
Sharma said business in 204 SEZs has increased 18% on year-on-year basis between FY17 and FY18.
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