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Indore SEZ exports log marginal decline in Apr-June amid COVID-19 pandemic

Exports from Indore Special Economic Zone (SEZ) have not been impacted much due to the coronavirus outbreak, with outward shipments dropping merely 1.14 per cent in April-June, an official said.

Yogita S.

Yogita S.By Yogita S.

Published on 18 July 2020 6:04 AM GMT

Indore SEZ exports log marginal decline in Apr-June amid COVID-19 pandemic
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Indore SEZ exports log marginal decline in Apr-June amid COVID-19 pandemic
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Indore: Exports from Indore Special Economic Zone (SEZ) have not been impacted much due to the coronavirus outbreak, with outward shipments dropping merely 1.14 per cent in April-June, an official said.

The multi-product Indore SEZ logged exports worth Rs 2,555.42 crore in the first quarter of the ongoing fiscal as against Rs 2,584.88 crore in the corresponding period a year ago.

In this, 70 per cent contribution was of medicines, according to a union commerce ministry official.

Despite the lockdowns imposed due to COVID-19, the production in pharma units continued as the government kept it under essential services category, the official said.

In Indore SEZ, he said, 60 units belonging to different segments including packaging material, engineering, textile-manufacturing, food-processing and others are functioning.

Among them 20 alone are from the pharma sector.

This SEZ is spread across an area of 1,100 hectares.

With IT services demand rising during the lockdown, the four IT SEZ also recorded growth in software exports.

The first quarter ended June 30 saw Crystal IT Park exporting softwares worth Rs 107.52 crore, followed by TCS Rs 102.95 crore, Impetus Rs 28.30 crore and Infosys Rs 11.36 crore.

INPUTS: PTI

Yogita S.

Yogita S.

Media Graduate, News Editor and PR Enthusiast.

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