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EPZ scene: Earnings incompatible with investment

Pulack Ghatack

Export earnings from the Export Processing Zones (EPZs) are not increasing enough to keep pace with robust investment growth in the specially facilitated investment areas for the foreigners.
Estimates of the 2006-07 and 2007-08 fiscal years show that investment doubled in eight EPZs of the country in a single financial year but export earnings grew less than a quarter by this time.
Experienced sources blamed poor local value addition in the EPZ’s export items for the marginal income growth. [Read more]

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