Financial Daily from THE HINDU group of publications
Wednesday, Jun 16, 2004

Cross Currency

Group Sites

Industry & Economy - Exports & Imports

Bengal's share in exports to go up to 9 pc

Our Bureau

Kolkata , June 15

WEST Bengal's share in the country's exports is poised to go up to nine per cent in 2006-07 from a level of 6.2 per cent in 2001-02, according to Mr Nirupam Sen, West Bengal's Minister for Commerce and Industries.

Addressing the inaugural session of a two-day Export Summit organised on Tuesdayby Confederation of Indian Industry, Eastern Region (CII-ER), Mr Sen said the State Government aimed at a jump in exports from the State.

Besides seeking to augment infrastructure and removing bottlenecks, West Bengal's export policy envisages the setting up of an export promotion council involving different export promotion councils, chambers of commerce and commodity boards. The sectors of special focus include textiles, jute, fruits, automobiles, engineering goods, software services and leather products.According to Mr Sen, West Bengal has a ``distinct geographical advantage'' as it is flanked by Bangladesh, Nepal and Bhutan and also close to Myanmar. With the South Asia Preferential Trade Area becoming a reality, Kolkata could serve as the main trading hub with Siliguri as a `satellite' for India's trade with neighbouring countries. The opening up of trade through the Nathula Pass in Sikkim would provide a significant boost to trade and commerce in the region, he said.

During the period April-September 2003, the value of exports through ports in West Bengal stood at 7,761.35 crore - 6.09 per cent of India's overall exports of Rs 127,545.11 crore, he said.

In his address, Mr B. Muthuraman, Chairman of CII-ER, said international trade was greatly dependent on the strength of the global economy. In 2003, the health of the global economy was reasonably good. The global GDP went up from $32.3 trillion in 2002 to $36.2 trillion in 2003. The value of global exports went up from $6.5 trillion in 2002 to $7.4 trillion in 2003.

Mr Muthuraman said the export growth of developing countries was higher than that of developed countries. Among developing countries, Asia registered the fastest growth.

He said regional trade agreements were one of the ways of promoting intra-regional trade. Different states in India should identify their export potential in select sectors. He said there was great scope for export of pharmaceuticals, automobiles, software services, health, textiles, jute and agro-products.

More Stories on : Exports & Imports | Other States | Industry Associations

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Union Budget to be presented on July 8

12th Finance Commission term extended
Activists vow to keep Coke plant shutters down
Kochi Corpn to set up 100-t waste plant
`Vehicle emissions largest source of lead exposure'
Kochi Corporation plan to protect coastal areas
World Bank allots $950 million for health schemes
`Central PSEs major contributors to economic growth'
Petrol dearer by Rs 2, LPG Rs 20 — Diesel price up Re 1; kerosene untouched
Reliance plans to invest $1.3 b in Krishna Godavari gas field
Tata Power gets trading licence
Call for dilution of inter-State criteria for mega power status
Paswan promises revival of SAIL's alloy steel plant
Textile and apparel sector — `Revival of supply chain key to be competitive in post-quota regime'
Large textile players seek status quo on Cenvat chain — Vaghela to meet Chidambaram
Indo-French workshop on groundwater dynamics in Hyderabad
Coal prices hiked 16.7 pc
CIL setting up subsidiary for global operations
Education fairs in East Africa to lure foreign students
CLE plans road shows in 3 European countries to promote leather exports
FAPCCI office-bearers
Plea for passport office in Mangalore
AEPC fashion show in US cities nets Rs 100-cr orders
Udupi engineering students develop driverless car
Govt withdraws dumping duty on metcoke
Kerala Govt revises ice factory workers' wages
In Thiruvananthapuram today
Sensitive items import up 23%
EPCs to aim for 15 pc export growth
'Allow exporters to get payments in rupees'
Bengal's share in exports to go up to 9 pc
Review food adulteration Act: Chamber
Anti-Enron activist Pradyumna Kaul dead
KSEB PG Engineers Assn office-bearers elected

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line