Business Standard

K & #8217;Taka Unveils New Export Policy

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Our Regional Bureau BUSINESS STANDARD

In keeping with its image of a progressive state, the Karnataka government has announced an export promotion policy which will take the state's already high export level, accounting for 7 per cent of the country's exports, to 15 per cent by 2007.

The policy, in order to be effective, has identified the following thrust sectors: agricultural and processed food; readymade garments; electronics; information technology; biotechnology; engineering goods, handicrafts and minerals and metals based products.

Action will mostly be taken through district-level export promotion committees which will be set up.

These will identify bottlenecks faced by existing exporters, train those exporting through merchant exporters to export directly, counsel potential exporters and prepare plans for creation of export infrastructure.

 

A key feature is the decision to issue green cards to exporters with a good track record so that they can carry on with their export activities with the minimum of hindrance from state government agencies.

Manufacturers, processors and 100 per cent export oriented units which have a green channel facility with the customs, an average annual export turnover of Rs 1 crore for three years and a clean record will be eligible for the card.

Minor airports will be set up at Hubli, Mysore, Gulbarga and Bellary and minor ports at Malpe and Tadri. An SEZ has already been announced for Hassan.

Two more are proposed one for electronic hardware near the new international airport at Devanahalli, and the other at Mangalore.

The export park at Whitefield, Bangalore, will be converted into an SEZ. Six food processing parks and two apparel export parks have been cleared in the state.

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First Published: Jan 27 2003 | 12:00 AM IST

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