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SEZ during Lockdown
April 3 , 2020
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- Around 280 SEZ (Special Economic Zones) that are involved in manufacturing essential goods such as pharmaceuticals, drugs and hospital equipment are operational amidst Lock Down.
- These economic zones contribute 18% of the exports of the country.
- It is to be noted that in 2019-20 the exports from the SEZs have increased and has reached 110 billion USD.
- The SEZs operate under Ministry of Commerce and Industry.
- The states were permitted to operate SEZs under SEZ Act, 2005.
- The Act defines key role of the state governments in export promotion.
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