Exports from Indore Special Economic Zone (SEZ) in Madhya Pradesh declined by 9.25% to Rs 12,948 crore in the last financial year.
Medicines account for about 70% of the exports from Indore SEZ, with the US being one of the top importers.
The decline in exports was attributed to obstacles in getting approval from the USFDA for some products of a major drug manufacturing unit in Indore SEZ.
Indore SEZ, spread over 572 hectares, hosts 59 plants across sectors, including drugs, packaging, engineering, textiles, and food processing.