Business Standard

Haryana exports clock 35% growth

Image

Apurv Gupta New Delhi/Chandigarh
Exports from Haryana have increased to Rs 19,168 crore in 2004-05, witnessing a growth rate of about 35 per cent as compared to Rs 14,133 crore during 2003-04.
 
Experts in the industry say this year they are expected to exceed Rs 24,000 crore even by conservative estimates. As per the data available from the sub-committee of the State Level Bankers' Committee for Export Promotion in Haryana, exports in Haryana for the April-December 2005 have been Rs 16,197 crore.
 
The performance of Haryana in exports has been better than all India basis last year as country's exports increased by 24 per cent  as compared to 35% growth in Haryana. Haryana's share in the country's total exports was around 5.5 per cent in 2004-05.
 
Maximum growth has been witnessed by software and electronic goods to Rs 8,738 crores in 2004-05 from Rs 5,878 crores in 2003-04 and this year is expected to cross Rs 11,000 crores. Similarly, motor car and parts exports have seen a growth of Rs 2,067 in 2004-05 from Rs 9,60 crore in 2003-04. It is expected to touch Rs 2,600 crore this year. The data showed that Gurgaon alone amounted to 59 per cent of the total exports comprising mainly of auto, electronics and IT/ITES. This was followed by Hisar and Faridabad having a share of 11 and 9 per cent share respectively.
 
"The implementation of infrastructure upgradation and implementation of various clusters would further give boost to the exports. In order to further accelerate the development of Textile industry, a project under Textile Centres Infrastructure Development Scheme (TCIDS) shall be set up at Panipat.
 
The sectors which have good growth potential should be the thrust area of the state like Agro based and Food Processing Industry, Electronics and Information & Communication Technology, Automobiles & Automotive Components, Handloom, Hosiery, Textile and Garments Manufacturing, Export Oriented Units and Footwear, leather garments and accessories," B P Chopra, Convener of State Level Bankers' Committee for Export Promotion Haryana.
 
The officials in the industries department peg that total exports this year may witness a growth of over 30 per cent and could even cross Rs 25,000 crores at the end of this fiscal. As for the long term, the state will witness good growth of exports because of Special Economic Zones and as the government is keen to develop Industrial as well export production.
 
The development of Kundli-Manesar-Palwal (KMP) Expressway has been undertaken by HSIDC. This will throw open unprecedented opportunities to develop economic hubs at strategic locations along the expressway. The government is also planning to put up two Industrial Model Townships on the lines of Manesar during the next five years at suitable locations in the state each comprising of an initial area of about 2000 acres.
 
S C Ralhan, Chairman, Northern India Export Promotion Council says that the government needs to focus on infrastructure and power in a big way. There is also a need to make the finance avaialble at international rates to make us globally competitive. The measures 3000 acres zone at Garhi Harsru, new Gurgaon would help the exports in the state.

 
 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Mar 31 2006 | 12:00 AM IST

Explore News