Exports from Karnataka touch Rs 120,000 Cr mark

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Bangalore, June 17 (UNI) Exports from the Karnataka have touched Rs 120,000 crore mark during the year 2007-08, J R Bangera, Chairman of the Exports Committee of Federation of Karnataka Chamber of Commerce and Industry (FKCCI) said today.

Talking to newspersons here, he said in 2006-07, the exports from the state were Rs 105,000 crore, an increase of more than 10 per cent.

Replying to a question, he said more than 50 per cent of the exports were from manufacturing sector.

FKCCI President S S Patil, announcing the Annual Export Excellence Awards for the year 2007-08 at the press conference, said the jury had selected 42 exporters, both at the state and Taluk levels. The awards will be given away by Minister for Major and Medium Industries Murugesh Nirari on June 20.

He said for the first time Export oriented industries at Taluk level were also considered in an attempt to give a boost to exports from the state.

Mr Bangera said special awards for the best financial institutions, introduced for the first time from this year have been awarded to State Bank of India (Gold) and Syndicate Bank (Silver) for supporting the exporters financially.

UNI MSP RS TS1550

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