276 SEZs that operate in India generates exports of INR 12, 063 billion annually and generate employment of 3.19 million persons: Experts

Hyderabad, April 07, 2025:Over 276 SEZs that operate in India employ 3.19 million people and generate exports worth INR 12, 063 billion annually said experts who spoke at FTCCI, IACC, and EPCES Knowledge Session on Export Strategies, disclosed FTCCI in a press note issued in the city on Saturday. 

SEZs with more liberal economic laws than the rest of the country are designed to promote foreign direct investment and exports, the experts added.

The Special Economic Zones in our country are catalysts for economic growth and global competitiveness, they shared 

The Federation of Telangana Chambers of Commerce and Industry (FTCCI), in partnership with the Indo-American Chamber of Commerce (IACC) and Export Promotion Council for EOUs & SEZs (EPCES), conducted the late evening knowledge session on “Exports – Strategies, Procedure, Documentation and Export Credit Guarantee” at FTCCI Surana Auditorium, Hyderabad.

Dr. Suresh Kumar Singhal, President of FTCCI, delivered the opening remarks, emphasizing the critical role of exports in India’s economic growth.

Mr. Avinash Chukkapalli, Chairman of IACC AP & TG chapter, highlighted the importance of Indo-American trade relations in strengthening export capabilities.

Mr. Srikanth Badiga, Chairman of Export Promotion Council for EOUs & SEZs and Director of NEC IACC delivered a special address and shared insights on export promotion strategies and upcoming regulatory changes expected in the SEZ framework.

Mr. Vinodh D R, Associate Director-Tax, and Mr. N Mallikarjun, Executive Director-Tax from Grant Thornton Bharat LLP spoke at the technical session. They spoke about evolving landscape of Special Economic Zones, documentation procedures, and compliance requirements for both SEZ and EOU units. They emphasized recent government initiatives to promote ease of doing business, including the Authorized Economic Operator (AEO) Programme, Free Trade Agreements, and in-bond manufacturing facilities.

Mr. Amlendu Bipul Mishra, Assistant General Manager & Branch Manager of ECGC Limited, addressed export credit guarantee schemes that protect exporters against payment risks. His session provided valuable information on how businesses can secure their international transactions through appropriate insurance coverage.

The two-hour session, attended by business leaders and export professionals, featured industry experts who provided valuable insights into various aspects of export operations, with special focus on Special Economic Zones (SEZs) and Export Oriented Units (EOUs).

Mr. K K Maheshwari, Vice President of FTCCI ; Mr Kamal Jain, Director Cargomen, Mr Satish Lakhraju, CEO, Garudavega LLP , Mr Iqbal Patni, Director Batco CFS were some of the important attendees of the program