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Haryana overtakes Punjab in exports

Written by: Staff
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Chandigarh, Mar 29 (UNI) Rapid industrialisation in Haryana and a sound industrial policy has led to the exports in the state soaring to Rs 19,168 crore while exports from neighbouring Punjab declined by 14.02 per cent this financial year.

This was disclosed at the meeting of the State Level Bankers' Committee for Exports Promotion for both Punjab and Haryana held here yesterday. The meetings for both states were presided over by Mr C P Swarankar, Executive Director, Punjab National Bank.

Other than the bankers in the region, representatives from various export promotion councils, state government officials and officials from Director General Foreign Trade attended the meeting.

Export turnover from Gurgaon, Faridabad, Hisar, Panipat and Sonepat contributed to 89 per cent of the export from the state of Haryana. Maximum exports came from Gurgaon at Rs 9,488 crore.

Software and electronic goods export units, automobiles and auto parts units, handlooms and textiles, rice and readymade garments contributed to the growth for Haryana.

In Punjab, readymade garment units, cycle and cycle-parts business, engineering goods manufacturers, pharma units, handicraft and food products unit registered a negative growth. As against the export turnover of Rs 5,259.61 crore last financial year, the turnover from export unit in Punjab fell to Rs 4,522.67 crore this fiscal.

However, rice, yarn and textiles, leather goods, hand tools, machine tools, auto parts and sewing machine exports showed a positive trend in export turnover. Ludhiana and Patiala showed a positive trend in growth ( Rs 3012.67 crore and Rs 24.28 crore, respectively), while exports from Jalandhar showed a sharp decline of Rs 629 crore.

UNI HS YA RAI1354

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