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Export
Promotion Policy for Karnataka
(2002-2007) |
I.
PREAMBLE:
- The
ongoing proces of opening up of the Indian economy, changing
Industrial and trade policies over the last decade and the
formation of WTO have together given rise to stiff challenges
as well as tremendous opportunities for Indian Industry. While
the challenges are the result of liberalised imports of raw
materials, components and finished products from across the
globe in an increasingly reducing tariff regime, the opportunities
arise from the opening up of the world markets for Indian
industry.
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The Govt. of India has in the recent past, initiated a number
of measures to promote exports of both primary and manufactured
products as also services. Allocation of funds for export
development by States, Export Promotion Industrial Park Scheme,
Critical Infrastructure Balance Scheme, Export Intensive Area
scheme, Market Development Scheme and setting up of Special
Economic Zones, in important locations are some of the initiatives
taken by the Govt. of India. The recent ASIDE (Assistance
to States for Infrastructure Development and Allied Activities)
programme merges most of these initatives of the Govt. of
India under one head. Assistance under ASIDE can be utilised
by the State for development of infrasturcture related to
promotion of exports. Assistance under the scheme can also
be used for EPIP and Special Economic Zone projects. Allocation
to the States under ASIDE is linked to export performance
of the State. The State Level Export Promotion Committee has
been empowered to sanction schemes under ASIDE. It is, therefore,
necessary that the State fully utilise the opportunities that
are thrown open by the initiatives of the Govt. of India and
and formulates a comprehensive policy and appropriate strategies
for promoting exports from the State.
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Karnataka has a long tradition of overseas trade. Historically,
Karnataka has been a major exporter of commodities like Coffee,
Spices, Silk, Cashewnuts, Handicrafts and Agarbathies. In
the last two decades the State has emerged as a major player
in the export of Engineering goods, Readymade Garments, Leather
goods, Chemicals, Minerals and Ores etc. Since the second
half of the 1990’s, Karnataka has carved out a niche
for itself in the global market place as the knowledge and
technology capital of the Country. The State has made rapid
and spectacular strides in the new economy. Information Technolgy,
Bio-Technology and State of the art Research and Development
Institutions have given Karnataka a pride of place as a frontier
knowledge State in India. Indeed Karnataka has emerged as
a leader in the new economy in this part of the World.
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