Double-digit growth in Gujarat's FY18 SEZ exports, GIFT City's IFSC to lead

After falling by 20% in previous years, SEZ exports from the state grew 4% in FY17

After a dull period, SEZ exports from Gujarat are back on track. They rose four per cent in financial year (FY) 17, after falling 20 per cent in FY'16 and FY'15, respectively. SEZ exports from the state, however, are likely to post double-digit growth in FY18, on the back of the finance SEZ at GIFT City and the Zydus Pharma SEZ, which are clocking robust growth numbers. 

The state, which accounts for nearly 30 per cent of national SEZ exports, witnessed a fall in value thanks to the crude oil price decline dragging the export value from Reliance SEZ at Jamnagar.