Surat: While the Special Economic Zones (SEZs) across the country witnessed a huge decline in the export during the coronavirus induced lockdowns and restrictions, the Surat Special Economic Zone (SurSEZ) registered a whopping 35% growth between April-March-2021.
According to the newsletter on SEZs published by the Gems and Jewellery Export Promotion Council (GJEPC), the Surat, Kolkata, and Visakhapatnam SEZs alone registered positive export growth during April-March-2021.
The export of gems and jewellery from SurSEZ during April-March-2020 was registered at $1.6 billion, which increased about 35% to $2.1 billion during April-March-2021.
According to GJEPC, the principal gems and jewellery commodities that SEZ units exported in 2020-21 included plain gold jewellery (13.2%), studded gold jewellery (38.6%), plain silver jewellery (8.7%) and studded silver jewellery (34.9%).
However, studded gold jewellery contributed about 38.6% of the total export by the SEZ units followed by silver jewellery, plain gold jewellery and plain silver jewellery.
The other gems and jewellery commodities that are exported by the SEZs are cut and polished diamonds, polished lab-grown diamonds, worked coloured gemstones, platinum jewellery and imitation jewellery.
GJEPC stated that the gross export from SEZ during April-March 2021 declined by 52% at $5 billion compared to $10 billion during the same period in 2020.
A senior member of GJEPC’s SEZ committee said, “All SEZs witnessed a decline in export during April-March-2021 due to overall decline in manufacturing and production activities following the lockdowns and restrictions. However, the SEZs in Surat, Kolkata and Visakhapatnam”