Bangalore, Feb 15 Karnataka is likely to register a 7.7 per cent growth in exports this financial year — from Rs 1.3 lakh crore in 2008-09 to Rs 1.4 lakh crore in 2009-10.
Meanwhile, sources in the State Government said that the Chief Minister, Mr B.S. Yeddyurappa, who also holds the Finance portfolio, is expected to provide ample funds in the budget for the infrastructure sector, which will give a boost to exports.
It is not the information technology sector alone that has driven the increase, though it contributes over 50 per cent of the exports from the State.
In the first six months of this financial year, exports from the State amounted to Rs 60,714 crore, against Rs 56,051 crore in the corresponding period in 2008-09.
Gems and jewellery exports increased to Rs 6,250 crore (Rs 5,456 crore).
Karnataka takes the first position for the optimum use of the Central assistance for promotion of exports.
Source : Business Line