Pithampur SEZ Exports Drop in April-Dec 2024

21 Jan 2025 CW Team

Exports from the multi-product Special Economic Zone (SEZ) in Pithampur declined by 6.53 per cent during April-December 2024 compared to the same period in the previous year, primarily due to sluggish demand driven by the on-going geopolitical crisis, which impacted overseas shipments.

The decline in exports is mainly attributed to reduced demand for pharmaceutical products, which make up a significant portion of the export basket from the SEZ. According to data from the SEZ development commissioner's office, industries in the Pithampur SEZ exported goods worth Rs 97.66 billion during the period from April to December 2024, showing a 6.53 per cent decrease from the previous year.

Gautam Kothari, president of the Pithampur Audhyogik Sangathan, stated that the fall in exports was significantly influenced by the geopolitical crisis. He also noted that the absence of new companies in the SEZ over the past few years had contributed to stagnated growth in the multi-product SEZ.

Kothari expressed hope that exports would improve in the last quarter of the fiscal year, potentially boosting the overall export performance for the financial year 2024-25. For comparison, exports from the SEZ during April-December 2023 had totalled Rs 104.48 billion.

The Pithampur SEZ is home to around 59 industries, including those related to packaging, jumbo bags, agriculture products, and pharmaceuticals, with 22 units from the pharmaceutical sector alone, comprising both large and medium-sized companies.

Indore has six SEZs, with the highest export value coming from the Pithampur SEZ. Total exports from the Pithampur SEZ in the previous fiscal year, 2022-23, were Rs 127.95 billion, as per official data.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..