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SEZs records 67 per cent growth
20 July 2010: SEZs have contributed substantially to the total exports. Exports from SEZs have grown 67 per cent Y-O-Y to Rs 58,756.68 crore in the first quarter of 2010-11. During April-June of 2009-10, exports from SEZs stood at Rs 35,013 crore.
Exports from SEZs clocked a growth of over 122 per cent to Rs 2.20 lakh crore in 2009-10, compared to the previous fiscal. However, SEZ developers and units have expressed concern over the new draft direct tax code, which proposes to do away with income tax benefits given to new SEZ units.
Source: Times of India