Tamil Nadu - Madurai   

Export of engineering goods witnesses 39.04 per cent growth

— Photo: G. Moorthy.

GROWTH: A.K. Agarwal, Chief Commissioner, Central Excise, centre, P.T. Krishnamoorthy, president, MADITSSIA, and P.S. Rajan, Branch Manager, ECGC, at an awareness programme in Madurai.

MADURAI: Tamil Nadu’s share in exports of engineering goods among the four southern States was 67 per cent (provisional figure) in 2007-08. Exports from the State grew to Rs. 16,072.15 crore from Rs. 15,586.18 crore in 2006-07, according to the Regional Director of Engineering Export Promotion Council (EEPC), M. Ganesan.

In a press release, he said that Karnataka’s share was 19 per cent, Andhra Pradesh 13 per cent and Kerala around 1 per cent. He was addressing an export awareness programme organised here on Saturday by EEPC, Export Credit Guarantee Corporation of India (ECGC), District Industries Centre and Madurai District Tiny and Small Scale Industries Association.

Indian export of engineering goods witnessed a growth of 39.04 per cent in rupee terms and 35.69 per cent in dollar terms during 2006-07. In the last fiscal, it recorded a negative growth of 0.004 per cent in rupee terms but in dollar terms it grew by 13.16 per cent, owing to appreciation of rupee against the dollar, said Mr. Ganesan.

The lion’s share of southern region’s exports comprised copper and allied products, commercial vehicles, passenger cars, automobile accessories and components.

Products such as industrial castings, valves, machinery and accessories, also constituted a significant portion of the exports.

P.S. Rajan, Branch Manager, ECGC, spoke about risk management while D. Gajapathy, Deputy Director General of Foreign Trade, explained the policy initiatives of the Government on foreign trade.

A.K. Agarwal, Chief Commissioner, Central Excise, briefed about the various benefits offered by the Union Government for exporters. Association president, P.T. Krishnamoorthy, and joint secretary G.R. Balakrishnan, spoke.

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