+
Pithampur SEZ Exports Drop in April-Dec 2024
ECONOMY & POLICY

Pithampur SEZ Exports Drop in April-Dec 2024

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.

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.

Next Story
Infrastructure Urban

India to Invest Rs 600 Billion to Upgrade 1,000 ITIs

As part of its drive to modernise vocational training, the Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with Gujarat’s Labour and Employment Department, held a State-Level Workshop at the NAMTECH Campus within IIT-Gandhinagar to discuss the National Scheme for ITI Upgradation.The consultation brought together key stakeholders from industry and the training ecosystem to align expectations and support implementation of the scheme, which aims to transform 1,000 Industrial Training Institutes (ITIs) across India using a hub-and-spoke model. The total outlay stands ..

Next Story
Infrastructure Urban

India Unveils Rs 600 Billion Maritime Finance Push

The Ministry of Ports, Shipping & Waterways (MoPSW) hosted the Maritime Financing Summit 2025 in New Delhi, bringing together over 250 stakeholders including policymakers, industry leaders, global investors, and financial institutions. The summit, held under the ambit of Maritime Amrit Kaal Vision (MAKV) 2047, focused on transforming India into a leading maritime power with strengthened financial, infrastructural, and technological capabilities.Union Minister Sarbananda Sonowal emphasised India's strategic progress, noting that average port turnaround times have dropped from four days to u..

Next Story
Infrastructure Urban

Govt Allocates Rs 500 Million To Boost Community Radio

The Central Government, through its ‘Supporting Community Radio Movement in India’ scheme, has allocated Rs 500 million to strengthen the community radio ecosystem across the country. The initiative aims to assist both newly established and long-operational Community Radio Stations (CRSs), ensuring their relevance to local educational, social, cultural, and developmental needs.According to the policy published by the Ministry of Information and Broadcasting, CRSs may be set up by not-for-profit organisations with at least three years of demonstrated community service. These stations are ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?