Daijiworld Media Network – Mangalore (KD/NR)
Mangalore, Oct 26: In the export sector, the state government has taken many pro-active steps with the aim to double exports in five years, informed the managing director of Visvesvaraya Industrial Trade Council (VITC), Bangalore H V Raghuram here on Thursday October 25.
Raghuram was speaking at the seminar on ‘Export awareness’ organized by the Kanara Chamber of Commerce and Industry. According to him in the year 2003-2004, exports have increased from Rs 29,000 crore to Rs 1.05 lac crore in 2006-2007. He also said that VISL along with Mysore Sales International Limited (MSIL) was planning on setting up a warehouse in the city, which contains duty-paid goods. The estimated cost of such a bonded warehouse would be Rs12 crore, out of which Rs 9 crore would be contributed by VIRC and the remaining by MSIL, he added.
DGM of Canara Bank, M M Kudva who inaugurated the seminar, stated that technology is the driving force of our growth in exports. India and China are the growing markets of the world in exports and India can become a super power by 2020 in export, he averred.
On this occasion, Nadiger additional director, Engineering Export Promotion Council (EEPC) and S Prasanna, secretary of FKCCI Bangalore gave a talk on “Exports basics and marketing strategies” and “Export potential for engineering products and role of EEPC in exports” in the technical sessions.
KCCI president Kumble Narasihma Prabhu welcomed the gathering and the honorary secretary, M Shekhara Pujari proposed the vote of thanks.