
Not necessary to be in SEZs to export, now it can be done from districts: FM Sitharaman
The Modi government's approach towards enhancing India's exports has meant that exporters no longer have to be located in Special Economic Zones (SEZs) to export their goods, Union Finance Minister Nirmala Sitharaman said on Tuesday (June 24, 2025), adding that India's export growth has surpassed that seen globally.
Speaking at the Exim Bank Trade Conclave, Ms. Sitharaman said that the government was following a 'clustered' approach for developing export hubs through schemes such as Make in India, Production-Linked Incentives (PLI) schemes, One District One Product (ODOP), and Districts as Export Hubs (DEH).
'So, the decades-old system of SEZs alone promote export, SEZs will have to be specified, specialised export promotion zones, may be where they are, but over the last one decade this government has brought in this dimension that you don't have to be in an SEZ to export, but you can do it from the districts,' she said.
She highlighted that, at a time when global exports grew 4%, India's total exports reached an all-time high of $825 billion and achieved a growth of 6.3% and a 'significant leap' of over $466 billion over 2013-14.
However, she added that the change in India's export scenario was not limited to the growth, but also in the items that were increasingly being exported.
'Exports are not just growing as they were earlier,' she said. 'Today they are technology-infused, high-end products that are being exported. High technology-infused areas where innovation and intellectual property will all come in handy. So India is not just bulk-exporting raw foods or commodities. It is exporting well-engineered products with high standards.'
According to the Minister, exports of goods in sectors supported by the PLI schemes have surpassed Rs 5.31 lakh crore or $62 billion, with the main items within this being large-scale electronics manufacturing, pharmaceuticals, processed foods, and telecom and network products.
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India Gazette
19 minutes ago
- India Gazette
PM Modi conferred with title of 'Dharma Chakravarti' at centenary celebrations of Acharya Shri 108 Vidyanand Ji Maharaj
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The Hindu
30 minutes ago
- The Hindu
Palaniswami is NDA's chief ministerial candidate for 2026 T.N. Assembly polls: G.K. Vasan
Former Union Minister and Tamil Maanila Congress (Moopanar) president G.K. Vasan said on Saturday (June 28, 2025) that AIADMK general secretary Edappadi K. Palaniswami is the leader of the National Democratic Alliance (NDA) in Tamil Nadu as well as its chief ministerial candidate for the 2026 Assembly elections. Speaking to reporters on the sidelines of a party function in Salem, Mr. Vasan said there were no issues within the NDA and that it remained a 'strong and victorious alliance.' He alleged that the ruling DMK was trying to create confusion within the NDA. Mr. Vasan added that Union Home Minister Amit Shah, during his visit to Chennai, had clarified the alliance's position, and BJP State president Nainar Nagenthran had also clarified who the NDA leader in Tamil Nadu is, and who the chief ministerial candidate would be. Responding to a question about Mr. Shah not naming Mr. Palaniswami as the chief ministerial candidate in a recent interview, Mr. Vasan said the Union Minister had announced the alliance with the AIADMK by having Mr. Palaniswami seated next to him. Regarding political parties' demand for a coalition government in Tamil Nadu, Mr. Vasan said that there is discussion about the idea among parties in both the ruling and Opposition alliances, and that there is nothing wrong with it. Responding to a question on whether actor Vijay's Tamilaga Vettri Kazhagam (TVK) would be a part of the NDA, Mr. Vasan said that the aim was to unseat the 'anti-people' DMK government. 'So, people who are against the DMK should unite in a single alliance,' he said. Denying allegations that the BJP is weakening regional parties, the TMC president said the party is currently ruling many States across the country, while the Congress is steadily losing its strength. Blaming another party for internal issues is merely an attempt to hide their own failures and fear of electoral defeat, Mr. Vasan added.


Time of India
31 minutes ago
- Time of India
Resolve to make India a world leader in every sphere by 2047: Amit Shah urges youth
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Union Home Minister Amit Shah on Saturday called for the youth to resolve towards making India a world leader in every sphere by 2047, when it celebrates the centenary of its also recalled the contributions of tribal leader Govind Guru in India's freedom struggle, saying he awakened the conscience of the people from the region during the British was addressing via video link a programme where development works worth Rs 125 crore for Shri Govind Guru University at Vinzol near Godhra in Gujarat's Panchmahal district were Govind Guru a hero of India's freedom movement who fought against the British rulers, Shah said, "Around 1,512 tribal brothers and sisters were martyred in that struggle against the British, and Mangadh (in Gujarat) became an important place in the history of India's fight for independence." Prime Minister Narendra Modi has taken forward the heroism of Govind Guru, and is determined to make India a great nation by 2047, he said."It is a matter of importance for all of us. Our youth and children should make a resolution of creating an India where it attains the first position in every field in the world when the country celebrates the centenary of its independence," Shah Union minister said the idea of setting up the Govind Guru University was conceived by Prime Minister Narendra Modi during his tenure as Gujarat chief minister."Today, it is a very important day in the history of Panchmahal (district). As the then Gujarat chief minister, PM Narendrabhai conceived a university and memorial dedicated to Govind Guru which could serve as a place of inspiration for tribals from across the country," Shah said in his brief virtual address as he could not remain present at the event physically due to inclement weather university was set up in 2015, and today various initiatives worth Rs 125 crore are being inaugurated or foundation stones are being laid for them, he infrastructure projects of the university that were launched include a centre for excellence, an indoor multipurpose sports complex, a synthetic track, football and cricket grounds, an artificial lake and a hostel building.