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Our Bureau

Mangalore , Sept. 17

Karnataka is aiming at achieving 20 per cent of share in total exports of the country by the end of this financial year.

Speaking at `Business Awards 2006', organised by the Kanara Chamber of Commerce and Industry (KCCI) in Mangalore on Saturday, Mr B.S. Yediyurappa, Deputy Chief Minister and Finance Minister of Karnataka, said the State's share in total exports from the country stood at 15 per cent. "We want to corner 20 per cent share in the total exports from the country by the end of this fiscal," he said.

Investment proposals worth Rs 90,000 crore have been cleared in the past seven months after the present coalition Government assumed charge. The Government aims to provide a good environment for investments in the State. In this regard, the Government wants to develop tier-II cities such as Mangalore, Mysore and Hubli-Dharwad as future investment regions.

NRI INVESTMENT

Referring to his recent visit to the US, he said many non-resident Indians have shown interest in investing in the State. A business delegation, comprising NRIs and foreign investors, will visit the State soon to explore business opportunity in Karnataka, he said.

The Prime Minister has been requested to lay the foundation stone for the petrochemical complex of Oil and Natural Gas Corporation Ltd in Mangalore.

Mr Yediyurappa handed over `Business Award 2006' to 22 agencies on the occasion. Mr A. Srinivasa Rao, KCCI President, welcomed the gathering.

More Stories on : Exports & Imports | NRIs | Karnataka

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