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Oil and Gas Forum

February 25, 2010

RIL's Jamnagar unit beats the heat on SEZs

At a time when developers are increasingly scrapping their special economic zone (SEZ) projects, Reliance Industries’ SEZ at Jamnagar, which houses a Rs 25,000-crore refinery, emerged as the country’s largest SEZ in the current financial year, with exports crossing Rs 62,000 crore till January.

By March 2010, SEZ exports from Jamnagar refinery are expected to touch Rs 75,000 crore. This will contribute about 35-40 per cent of the country’s overall SEZ exports,” Development Commissioner (Jamnagar SEZ) Upendra Vasishth said. Reliance set up its refinery, over 700 hectares of the 1,700 hectares earmarked for the SEZ project.

In 2008-09, exports from SEZs in India were clocked at a modest Rs 99,689 crore. The multi-product Surat Special Economic Zone, or SURSEZ, was the largest exporter with Rs 15,000 crore worth of exports, followed by the Nokia SEZ in Tamil Nadu with Rs 10,000 crore exports, according to a Central government official.

“This year, Reliance’s Jamnagar SEZ has been the highest exporter, followed by Surat SEZ and Nokia SEZ,” the official added said

Source: Business Standard
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