Financial Daily from THE HINDU group of publications
Tuesday, Jun 28, 2005
Financial Daily from THE HINDU group of publications Tuesday, Jun 28, 2005 |
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Industry & Economy
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Economy Karnataka's exports rise 48 pc in 2004-05 Our Bureau
Mr P.G.R.Sindhia
Bangalore , June 27 EXPORTS from Karnataka have grown 48 per cent to touch record Rs 61,800 crore for 2004-05. The exports, spurred by electronics, computer software and biotechnology, have put Karnataka at the fourth spot among the States and top the previous year's Rs 41,670 crore. Announcing the figures here on Monday, the Industries & Infrastructure Minister, Mr P.G.R. Sindhia, said the State now accounted for 14.3 per cent of the all-India exports, compared to 8.21 per cent in 2001-02. It had grown at double the national rate of 26 per cent and was set to overtake its own targeted 15 per cent share by 2006-07, he said. Software exports from STPI units were about Rs 27,600 crore, accounting for 37 per cent of the national share of Rs 74,820 crore. The exports included merchandise (Rs 34,150 crore), petroleum products (Rs 6,186 crore), iron ore and minerals (Rs 4,480 crore), gem and jewellery (Rs 4,644 crore), readymade garments (Rs 4,500 crore) and gherkins (the highest in the country at Rs 160 crore). All the segments had grown over the previous year's performance. The exports entitle Karnataka to the central ASIDE grant of Rs 33.99 crore against Rs 24.14 crore last year. The investment and industrial climate was healthy and the State planned to hold an investors' meet in Mysore in October immediately after Dussera festivities. Road shows would be held in Mumbai, Chennai and Coimbatore.
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