Exports of products represented by Capexil of India for the first nine months of the current financial year have achieved a growth rate of 14% at Rs 6,618.50 crores. The growth has been placed at 11.5…
Exports of products represented by Capexil of India for the first nine months of the current financial year have achieved a growth rate of 14% at Rs 6,618.50 crores. The growth has been placed at 11.5% (US$ 1.52 billions). A surge has been noticed in the exports of granite, glass and glassware items. For the corresponding period of 1998-99, exports were to the tune of Rs 5,797.34 crores (US$ 1.37 billion). The product-specific sectors which have achieved substantial growth are granite (45% – in the minerals and ores section), glass (79%), plywood (29%) and rubber products (18.5%), in the non-minerals section. The product groups which have recorded a negative growth for the nine-month period are processed minerals (-11%), cement (-27%) and books (-7 %). Against a revised target of Rs 1,200 crores (for whole of 1999-2000), the granite sector, for the first nine months, has achieved Rs 1,187 crores (Rs 821 crores). The highest growth of 79% has been achieved by the glass and glassware sector at Rs 347.8 crores (Rs. 194.2 crores).