Nagpur: The MIHAN-SEZ, widely regarded as India’s largest multi-product Special Economic Zone, has recorded a robust surge in exports, registering nearly 40% growth in the financial year 2025–26. The rise underscores the zone’s expanding industrial footprint, even as a marginal dip was observed in services exports, primarily driven by the IT sector.
Marking two decades of operations, the SEZ continues to strengthen its position as a key export hub. According to data compiled by the Development Commissioner’s office under the Ministry of Commerce and Industry, total exports from MIHAN-SEZ touched Rs 9,626 crore in 2025–26, a sharp increase from Rs 6,935 crore in the previous fiscal. However, services exports saw a slight decline, standing at Rs 2,926 crore compared to Rs 2,974 crore in 2024–25, officials associated with SEZ management confirmed.
Gold Rate
May 05- 2026 - Time 10.30Hrs
A significant share of service exports is attributed to the aviation Maintenance, Repair and Overhaul (MRO) segment, with operations led by Air India Engineering Services Limited and Indamer. Despite this, it was the manufacturing sector that emerged as the primary driver of export growth.
Leading the charge are major aviation and defence manufacturers such as Dassault Reliance Aviation Limited and Tata Advanced Systems Limited, both engaged in the production of critical aircraft components. DRAL manufactures parts for Dassault’s Falcon business jets as well as the Rafale fighter aircraft, reinforcing MIHAN’s growing importance in the global aerospace supply chain. The pharmaceutical sector, represented by Lupin Limited, also continues to be a key contributor and remains one of the oldest manufacturing units in the zone.
Industry experts attribute the export surge to a combination of favourable global and economic factors. “A stronger dollar, rising overseas demand, and the easing of tariffs after an initial hike have all contributed to the growth momentum,” said Manohar Bhojwani, President of the MIHAN Industries Association. He added that apart from software, pharmaceuticals, and aerospace components, the SEZ also exports agricultural commodities such as niger seeds and pulses.
As per SEZ norms, units are required to maintain positive net foreign exchange earnings, making sustained export performance essential for operations. Meanwhile, the zone’s developer, Maharashtra Airport Development Company, is in advanced discussions with potential investors, with expectations of securing major new investments in the near future.
Among recent developments, Solar Defence and Aerospace Limited has emerged as the latest entrant, having recently conducted a groundbreaking ceremony for its upcoming robotics and drone manufacturing facility within the SEZ, further signalling MIHAN’s evolution into a diversified, high-tech industrial hub.
