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`Duty cut on dredgers import to aid minor ports' development'
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Mangalore
March 5
The proposal of the Union Finance Minister to cut duty on import of dredgers will help in the development of minor ports, according to Capt J.P. Menezes, President of the Kanara Chamber of Commerce and Industry (KCCI).
Speaking at an interactive session on `Overall impact of Union Budget on economy', jointly organised by the KCCI and the Karnataka Chapter of Federation of Indian Export Organisations (FIEO), in Mangalore on Monday, he said Karnataka has more than 300 km of coastline. There is a need for more minor ports in the State. The proposal to make the import of dredgers duty-free will help in the development of minor ports as they require capital and maintenance dredging activities.
The Convenor of the FIEO Committee on Agro Exports and AEZ, Mr Walter D'Souza, said that there was a need for critical agricultural infrastructure development, exclusively to strengthen agro exports.
In a post-budget meeting, the Union Government has been requested to either convert the existing technical training institutes or to set up new agriculture training institutes, he said.
Mr G. Shivadas, advocate and partner of Lakshmi Kumaran and Sridharan, Bangalore, said that the Government today has turned more pro-active and pro-trade unlike a decade ago. He also gave details of various tax proposals.
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