Daijiworld Media Network – New Delhi

New Delhi, Dec 11: As many as 466 units have closed in seven Special Economic Zones (SEZs) across India over the last five years till FY25, according to data shared by the Commerce and Industry Ministry in response to a Lok Sabha query.

The data highlights that 100 units shut down in FY25 alone, following 113 closures after FY22, a period marked by Covid-19 disruptions. Employment in SEZs also fell slightly, from 31.94 lakh in FY24 to 31.77 lakh in FY25. SEZs, which benefit from tax incentives including duty-free imports and domestic procurement, employ over 31 lakh people in labour-intensive sectors.

While SEZs in China have historically powered manufacturing growth, the Indian model has not replicated similar success. Despite the closures, exports

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