Mihan-SEZ exports more than double at Rs4,000 cr
, compared to Rs 1,786 crore in the previous fiscal. Data to this effect was maintained by the development commissioner's office, a part of the ministry of commerce which oversees activities in a SEZ. As part of an SEZ, the units must post net foreign exchange earnings, which can be achieved through exports.Sources said the exports this year were driven by the
.
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Lupin Pharma has a plant in SEZ that caters to US and other foreign markets. The aviation sector includes units by Tatas TAAL, which makes floor beams for aircraft, the maintenance, repair, and overhaul depot of Air India Engineering Services Limited (AIESL), and Indamer. Even Dassault Reliance Aviation Limited (DRAL), a joint venture between France's Dassault and Reliance, is a major player in the sector. According to an independent data maintained by the ministry of commerce, aircraft category from Nagpur made exports worth Rs 580 crore during the year.
This relates to the exports of components made in Mihan.Sources said the run-up to the US tariff war is also expected to be a factor, as units scaled up dispatches before the rates were hiked. Another source in Maharashtra Airport Development Company (MADC), developer of the Mihan-SEZ, said the software industry has also been a major contributor to the exports. The SEZ hosts major IT companies like HCL, TCS, Infosys, and Tech Mahindra.Sources said amid rising exports, the MADC still has land to accommodate more players in the SEZ. As much as 150 hectares of land is still vacant and can be allotted to fresh investors. There are also plans to auction land parcels in the domestic tariff area (DTA) for industrial establishments, said a source.
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