KASEZ exports to be at all time high of Rs 2,500 cr: Saxena

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Kandla, Gujarat, Mar 7 (UNI) Exports from Kandla Special Economic Zone (KASEZ) this financial year will be at an all time high of over Rs 2,500 crore, Ravi Saxena, Development Commissioner of KASEZ said here today.

Briefing mediapersons here today on the occasion of KASEZ 43rd Foundation day celebrations, Mr Saxena said ''The KASEZ exports has more than trebled to Rs 2,500 crores this year from just Rs 528 crore in 2000-01 due to the SEZ scheme. This is 38 per cent growth over the last year exports of Rs 1,517 crore,'' he said.

The Development Commissioner said the FDI investment has doubled to over Rs 70 crore.

The employment generation has also significantly increased to over 19,000. With at least an additional 20 per cent employment being generated in the secondary and tertiary sectors, the Zone continues to play leading role in the economic growth of this part of the country, he said.

In reply to a question, he said the additional area of 300 acres of KASEZ will be operational during the next financial year.

Over four dozen units are in the approved list, which have a combined investment potential of Rs 851 crore and annual export potential of Rs 3,493 crore. These figures clearly show the tremendous growth potential of the Zone in the coming years, he claimed.

A new era in India's external trade and economic development was heralded when the late Prime Minister of India, Shri Lal Bahadur Shastriji laid the foundation stone of the Zone on 7th march,1965.

The EPZ, EOU schemes and eventually the SEZ scheme sprang out of the Kandla experiment, he said.

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