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VSEZ celebrates 32nd Zone Formation Day- felicitated units for excellence in Exports

VSEZ celebrates 32nd Zone Formation Day- Facilitate units for excellence in Exports

VSEZ Celebrated 32nd Zone Formation Day, in the Admin Building at Duvvada, on 15th March, chaired by its Chief A. Rama Mohan Reddy, Development Commissioner and Sh G Venkanna IAS (Retd) who was the first Development Commissioner VSEZ was also present on the occasion. On the occasion, Sh Venkanna was felicitated for his initial works. Also, the units which contributed exceptionally to the Exports from VSEZ during the year were felicitated with mementoes, the units which successfully implemented the Clean and Green concept, Swachhata, and the officials who rendered commendable services were also honoured.

On the occasion, few saplings of Sandal-wood were also planted. On this occasion, Mr Reddy appreciated the stake holders for achieving the landmark exports of Rs 1 Trillion, breaking all previous records of 32 years and stood first in the country in terms of per cent growth.

VSEZ celebrates 32nd Zone Formation Day- Facilitate units for excellence in Exports

Mr. Reddy said VSEZ has been set up at Duvvada in Visakhapatnam District, as an export processing zone owned by Govt of India, popularly known as VEPZ over 360.5 Acres on 15th March 1989. It is the youngest in the country, the first being set up was Kandla in 1965, inaugurated by the then Hon’ble Prime Minister, Lal Bahadur Sastry. Later with the promulgation of SEZ Act and Rules in 2005, VEPZ has been named as Visakhapatnam Special Economic Zone (VSEZ) having jurisdiction over AP, TS, CG, and Yanam UT, and regulates the operation and setting up of SEZs.

VSEZ celebrates 32nd Zone Formation Day- Facilitate units for excellence in Exports

In a press release to the Media, Mr. Reddy said, SEZs in the country, contributed to Rs 7.86 lakh Cr Foreign exchange, and provided employment to 22.15 lakhs, with an investment of Rs. 5.75 lakh Cr. VSEZ, has 61 SEZs (out of 253 in India) fully operational, with 526 units spread over AP, Telangana, and CG, and the Zone achieved exports to the tune of Rs. 96886 Cr (13826 mi USD) during 2019-20, with export growth of 32.79%. So far, an investment of Rs 56180 Cr has been made under VSEZ, and Employment provided was to the tune of 393212 on regular basis.

VSEZ celebrates 32nd Zone Formation Day- Facilitate units for excellence in Exports

Speaking on the occasion, Mr. Reddy said, VSEZ (VEPZ) at Duvvada’s investment is Rs.1621 CR, and exports made were to the tune of Rs. 1642 Cr against Rs 1504 Cr last year and achieved a growth of 9.17%. Provided employment to 3921. The details of Investment, Employment and Exports from VSEZ state-wise are as under;

Talking to media, Mr Reddy, said, during 2020-21, the exports made were to the tune of Rs. 1,03,513 Cr (14080 mi. USD), and crossed the I Trillion mark for the first time in the past 32 years. Growth in Merchandise is 24.39%, and Growth in Services is 11.77%. We have recorded an increase in the exports of 15.60% so far says, Mr.Reddy Reddy.

VSEZ celebrates 32nd Zone Formation Day- Facilitate units for excellence in Exports
Speaking on the performance of VSEZ during the lockdown, he said, Software & Services Sector contributed to 66%, Pharma and biotech 20%, Trading & Services 4%, Metal and Alloys 3.45% and all other put together contributed to 6.5%. He also said, APSEZ Atchutapuram, a Multi-product SEZ spread over 900 Hectares, has 16 manufacturing units, and invested Rs.4000 crores with direct employment to 3,200 people. The total exports from these units touched Rs. 4884 crores till February 2021, and recorded a growth of 19.74 %. During the lockdown, M/s Laurus labs of APSEZ in VSEZ exported 11.47 million tablets of HCQ to the USA, South Africa, Singapore, Malawi etc., and achieved commendable exports.

Speaking to media, he said, VSEZ has allowed making of Covid related articles, viz., Face Masks 3.1 Cr, PPEs 1.42 Cr, Medical & Surgical gowns 90 lakhs, Sanitary Napkins 6 Cr and Medical Apron Kits 1 lakh to various units. And to further ease out the crisis, MoC, has waived off the increase in rentals this year, Deferred payment of lease by one quarter, allowed permissions of sand and gravel without going to BoA, and IT benefits were extended up to 31.3.21.

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