Braving the onslaught of COVID-19 pandemic and the subsequent lockdown, the Visakhapatnam Special Economic Zone (VSEZ) has put up a good show in exports during the current fiscal so far. “We have achieved growth in merchandise to the tune of 12.77% besides growth of 20.6% in the services sector. Highest in countryThe VSEZ consists of 510 operational units spread over 58 SEZs and has 192 EOUs in AP, Telangana, and Chhattisgarh. Last year, the VSEZ made an impressive growth of 32.79% in exports compared to 2018-19, which was the highest among all the seven zones of the country despite economy slowdown. Brandix India Apparels City with a workforce of 22,000 and Pals Plush Toys and Shinetex Apparels have resorted to alternative economic activity immediately after the lockdown.

Source: The Hindu June 05, 2020 18:26 UTC