Exports from the multi-product Special Economic Zone (SEZ) of Indore are expected to cross

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Rs 425 crore in the current fiscal despite the global slump in demand, the city's SEZ Development Commissioner A K Rathore said.

Rathore said during the first three quarters of 2009-10, exports from the SEZ were worth Rs 330 crore.

The SEZ, spread over 1,100 hectare with 22 units, including engineering, pharmaceutical and garments, has attracted investments worth Rs 1,650 crore.

Rathore said about 10 more units at the SEZ were under construction.

Under the SEZ Act, units in these zones are given 100 per cent tax exemption on their income for the first five years and 50 per cent in the next five years.

A total of 579 SEZs have been approved in the country and 335 of them have been notified. Of them, over 100 are currently operational.

The exports from over 100 functional SEZs in the country in 2008-09 were estimated at Rs 99,689 crore.