Economy

23 ASIDE projects in various stages of implementation

Bangalore | Updated on July 20, 2011 Published on July 20, 2011




About 23 projects in Karnataka are in various stages of implementation under the Central Government's Assistance to States for Development of Export Infrastructure and Allied Activities (ASIDE) Scheme, said Mr K.S. Shivaswamy, Managing Director, Visvesvaraya Industrial Trade Centre (VITC).

Speaking at ‘Looking beyond the local market', an awareness programme on global trade for the Bangalore-based exporters, jointly organised by the All India Manufacturers' Organisation (AIMO) and Visvesvaraya Industrial Trade Centre (VITC), Mr Shivaswamy said, “Since 2002, 92 projects in Karnataka have got ASIDE assistance and of which 69 projects have been completed.”

Through this incentive-linked assistance, State governments are creating appropriate infrastructure for the development and growth of exports, Karnataka has got assistance to the tune of Rs 300 crore.

Exports from Karnataka for the period of April–June have been encouraging and data is awaited. In financial year 2010-11, exports from the State stood around Rs 1.50 lakh crore.

Exports have shown tremendous growth in the last five to six years. Exports from a value of Rs 82,279 crore in 2005-2006 it has grown to Rs 1.42 lakh crore in 2009-10.

“The Karnataka today stands fourth in the country in merchandise exports. This achievement in exports is due to the strategy of diversification into new markets by the exporters,” said Mr Shivaswamy.

The Central Government has set up task force to identify and suggest improvements to remove bottlenecks for easier exports.

According to Mr Shivaswamy “Now, based on the task force findings after its interaction with exporters, about 44 issues pertaining to seven ministries have been identified.”

“Out of these 44 issues, nearly 21 have been already sorted out. To strengthen export infrastructure and to boost exports, the Central and State governments are putting their best efforts,” he added.

To facilitate exporters, VITC has signed a memorandum of understanding (MoU) with National Centre for Trade Information (NCTI), New Delhi, for getting live international trade enquires which is accessed by exporters on VITC portal www.vitcblr.org on payment of a nominal membership fee.

The AIMO Chairman, Mr Sudhakar Pai, said “Government should partner with private sector to boost exports. The Government's role should be of facilitator by creating good infrastructure.”

“Exporters should find solutions to their problems in their backyard than looking elsewhere in distant lands,” he added.

Published on July 20, 2011
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