Comm Min to conduct micro analysis of sectors

Chennai, Jun 3: The Ministry of Commerce has chalked out new programme to conduct a micro analysis of sectors and identify sub sectors, which might need some help from the Ministry in view of the appreciation of rupee.

"We will be doing a micro analysis and see which of the sectors are getting affected. Unless we do this, we will not know how much help they need," Commerce Secretary G K Pillai told reporters on the sidelines of an award function of the Madras Export Processing Zone (MEPZ) last night.

He said the study would be done in June through the Export Promotion Council.

The Ministry had set a target of USD 160 billion for exports this year. "The role of the government would be to provide you assistance to achieve your target,'' he added.

"A lot of misinformation has come about SEZ's. The actual investments made for the SEZs in the past 15 months is about Rs 35,000 crore. We have over 35,000 persons employed in the SEZ's.

This number will go upto one lakh by December 2007 and two lakh by 2008," he said.

Mr Pillai informed India's first sugar SEZ of EID Parry would come up in Andhra Pradesh soon.

UNI