SSEZ, European nations agree on warehousing

Mumbai, Jul 23: Country's first private sector Surat Special Economic Zone (SSEZ) has signed an agreement with its counterparts in European countries, for warehousing facilities to enable its exporters to store goods.

Talking to UNI, SSEZ Chairman and Managing Director Sharma Nand Sharma said it will help to boost the export, we have signed an agreement with some Special Economic Zones of European countries for warehousing facilities for Indian exporters. This facility would enable the exporters to store their products in the godown.

Mr Sharma said this will also help to bring the Foreign Currencies into the country.

He said after the successful performance of SSEZ, which has a turn over of over Rs 2,337 crore comprising of 120 operating units during the last financial year, the government had came out with SEZ act which has already been approved by Parliament and made effective from February 10, this year.

The government has given approval for 150 SEZs projects in the country. Some of them are going to to very large and for multi-purpose. About 100 SEZs are for specific products.

The SEZ units bring foreign currency in the country and it also creates job opportunities for the unemployed. It is the most peaceful and congenial environment for sourcing raw materials, production, export logistics and all other activities, he added.

The SEZ units therein have good and easy access to buyers of their products globally. The latter knowing that the products in a SEZ, particullarly in our country where technology is high and producers are highly conscious of quality, they feel comfortable to place order and buy goods.

SEZs in the world have for the first time brought down heavily the cost of products. This has given benefits to all human beings the world over, he stated.

UNI