International Trade (Part – II)

As per the question period and among the given options, highest growth rate of exports from Special Economic Zone (SEZ) was in the year 2007-08. Export from the operational SEZs are as follows:

Andhra Pradesh (combined) had the largest number of approved as well as operational Special Economic Zones as on June 2012. At present, Tamil Nadu has the largest number of operational SEZs in India, while Telangana has the largest number of approved SEZs in India. As on 31.12.2023 there are 424 formal approved (under the SEZs Act, 2005) SEZs and 276 operational SEZs in India. Distribution of approved, notified and operational SEZs in given States as on 31.12.2023 is mentioned below:

table extracted from the image is as follows:

@ Under the SEZs Act, 2005; Including prior to SEZs Act, 2005

SEZ India mobile app has been launched in January, 2017 by the Ministry of Commerce and Industry. This app provides detailed information related to Special Economic Zones (SEZs). The app was launched under the ministry's e-Governance initiatives.

All of the above organizations are responsible for channelizing exports and imports of India.

EXIM Bank was established in 1982 by the Government of India, under the Export-Import Bank of India Act, 1981 as a purveyor of export credit, mirroring global Export Credit Agencies. Exim bank serves as a growth engine for industries and SMEs through a wide range of product and services. This includes import of technology and export product development, export production, export marketing, pre- shipment and post-shipment and overseas investment.

ECGC Ltd. (Formerly Export Credit Guarantee Corporation of India Limited) provides a range of credit risk insurance covers to Indian exporters against loss in export of goods and services. State Trading Corporation of India Limited - STC and Mineral and Metals Trading Corporation Limited-MMTC are also related to foreign trade promotion.

ECGC Ltd. (Formerly Export Credit Guarantee Corporation of India Ltd.), wholly owned by Government of India, was set up in 1957 with the objective of promoting exports from the country by providing credit risk insurance and related services for exports. The corporation has introduced various exports credit insurance schemes to meet the requirements of Indian exporters and commercial banks extending export credit. Hence, among the given options, option (b) is the most suitable answer.

ECGC Ltd. (Formerly Export Credit Guarantee Corporation of India Ltd.), wholly owned by Government of India, was set up in 1957 with the objective of promoting exports from the country by providing credit risk insurance and related services for exports. The corporation has introduced various exports credit insurance schemes to meet the requirements of Indian exporters and commercial banks extending export credit. Hence, among the given options, option (b) is the most suitable answer.

ECGC Ltd. (Formerly Export Credit Guarantee Corporation of India Ltd.), wholly owned by Government of India, was set up in 1957 with the objective of promoting exports from the country by providing credit risk insurance and related services for exports. The corporation has introduced various exports credit insurance schemes to meet the requirements of Indian exporters and commercial banks extending export credit. Hence, among the given options, option (b) is the most suitable answer.

ECGC Ltd. (Formerly Export Credit Guarantee Corporation of India Ltd.), wholly owned by Government of India, was set up in 1957 with the objective of promoting exports from the country by providing credit risk insurance and related services for exports. The corporation has introduced various exports credit insurance schemes to meet the requirements of Indian exporters and commercial banks extending export credit. Hence, among the given options, option (b) is the most suitable answer.