Financial Daily from THE HINDU group of publications
Friday, Aug 13, 2004

Cross Currency

Group Sites

Industry & Economy - Infrastructure

`Invest in infrastructure to boost exports'

Our Bureau

Kochi , Aug. 12

THE State Government should give adequate support to the export sector in the State by making necessary investments on infrastructure such as ports, highways and SEZs, Mr N.R. Pai, outgoing president of the Cochin Chamber of Commerce and Industry, has said.

The State, he said, could become a very competitive exporter on account of its proximity to the international shipping highway. However, the Government seems to think that the export sector is a domain under the Union Government and, hence, has been ignoring it. The products in the State have become uncompetitive in the country because of Kerala's geographical location at the southern tip of the Indian peninsula, he said at the annual general meeting of the chamber.

The Government, therefore, should initiate necessary steps to ensure that the production and service activities in the special economic zones are carried out efficiently so as to boost exports from the State. It should also make sure that unnecessary disputes, stoppages or strikes did not affect work in the zones, he added.

Mr Pai said that the tourism industry in the State has been doing well and this sector holds tremendous potential and promise for the State. Legislation for the conservation and preservation of tourism areas and regulation of tourism activities are required.

With the high rate of literacy, Kerala has great potential in IT and ITeS sector. However, these industries had not taken root because of the work culture in the State. The other three southern States share among themselves the export share of 49 per cent of the country's IT exports, whereas Kerala's share has been below one per cent, he said.

"It looks like the State has almost missed the IT bus, but the related segment of ITeS is in initial stages of growth. Let us not miss this bus at least, because ITeS has the potential to generate good employment levels," he added.

In the changed economic scenario, employment generation and not employment retention should get the priority. Areas of IT and ITeS, tourism, education, healthcare and medical services and even retailing hold very good prospects of generating employment.

Referring to the traditional industries of coir and cashew, he said the management and the labour would have to jointly work out strategies to bring down the cost by increasing productivity. The Government should also encourage such joint efforts and act as a catalyst.

More Stories on : Infrastructure | Exports & Imports | Kerala | Industry Associations

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

Stories in this Section
Seamen threaten strike on PF issue

Gold a safer bet than equities, bonds: WGC
Icrisat to promote sweet sorghum for production of ethanol
Industrial output up 7.6 pc in Q1
Dilemma over inflation control
`Eco pot' in market soon
Indian Ocean Rim members seek unified regulatory framework for e-commerce
`Thai industry can gain from ties with India'
Thai Cabinet endorses 82 items in FTA
Boston Scientific recalls stents in India too
A CRISP initiative to fight HIV/AIDS
AP disability data released
Info on health-related issues
`Invest in infrastructure to boost exports'
Petroleum Minister holds talks on merger of PSUs
NPPA fixes prices of 11 formulation packs
Speeding up private power projects — FIs, banks insist on payment security mechanism
Bengal urged to push Centre for repeal of Electricity Act
APTransco alleges cheating — Raids on Spectrum Power's former MD
Service tax collection up 88%
Net direct tax collections up 50 pc
Two task forces set up for recovery of tax arrears
Subsidy release assured to SSI powerloom weavers
`Sharda-Yamuna project will create water wars'
AP to set up desalination plant: Minister
AIMA to hold 2-day meet from Sept 30
DD to bid for BCCI rights — Ties up for ICC Trophy, World Cup telecast
Kuwait to reassess Kerala medical degrees
ICFAI introduces MCA programme under distance-learning
Maintec unit offers training course for engg colleges
AP contract lecturers' plea
GoM may meet next week to decide on drafting food law
Demand for coconut products set to continue
Away from the finance beat
Rice scheme to be expanded in Kerala
`Fast breeder reactor projects put on fast track'
Relax norms for tankers, urge vegoil importers — Cite IOC's bitumen shipment as precedent
It's time for rain gambling
Income-tax officials search offices of IT company

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