Exports from state touches Rs 120,000 Cr mark

Bangalore, June 17 : Exports from the Karnataka has 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 that in 2006-07 the exports from the State was Rs 105,000 crore and thus there was an increase of more than 10 per cent. Replying to a question, he said that 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 that the juries had selected 42 exporters, both at the State level and Taluk level, have been selected for the Awards which 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 that special awards for the best financial institutions, introduced for the first time from this year, has been awarded to State Bank of India (Gold) and Syndicate Bank (Silver) for supporting the exporters financially.

UNI