
Not essential to be in SEZs to export, now it may be finished from districts: FM Sitharaman
Union Finance Minister Nirmala Sitharaman addresses the India Exim Bank Trade Conclave 2025, in New Delhi, on June 24, 2025. | Photo Credit: PTI
Speaking on the Exim Bank Trade Conclave, Ms. Sitharaman mentioned that the federal government was following a “clustered” method for creating export hubs via schemes reminiscent of Make in India, Production-Linked Incentives (PLI) schemes, One District One Product (ODOP), and Districts as Export Hubs (DEH).
“So, the decades-old system of SEZs alone promote export, SEZs should be specified, specialised export promotion zones, could also be the place they’re, however during the last one decade this authorities has introduced on this dimension that you just don’t should be in an SEZ to export, however you are able to do it from the districts,” she mentioned.
She highlighted that, at a time when international exports grew 4%, India’s whole exports reached an all-time excessive of $825 billion and achieved a development of 6.3% and a “important leap” of over $466 billion over 2013-14.
However, she added that the change in India’s export state of affairs was not restricted to the expansion, but additionally within the objects that have been more and more being exported.
“Exports are usually not simply rising as they have been earlier,” she mentioned. “Today they’re technology-infused, high-end merchandise which are being exported. High technology-infused areas the place innovation and mental property will all turn out to be useful. So India is not only bulk-exporting uncooked meals or commodities. It is exporting well-engineered merchandise with excessive requirements.”
According to the Minister, exports of products in sectors supported by the PLI schemes have surpassed ₹5.31 lakh crore or $62 billion, with the primary objects inside this being large-scale electronics manufacturing, prescription drugs, processed meals, and telecom and community merchandise.
Published – June 24, 2025 02:58 pm IST
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