Mangalore: Innovation and efficiency are keys to boost the growth of exports from the country, according to Mr M. Veerappa Moily, Union Minister for Corporate Affairs.
Inaugurating the ‘Karnataka: Export Vision 2020', an exporters' convention, in Mangalore on Monday, he said that exporters need to re-invent themselves.
In such a situation, innovation and efficiency play the major role in boosting exports from any region.
Develop Innovation Centres
He also suggested that there is a need to develop innovation centres at the district levels to boost exports.
He said that there is also need to diversify on the export front.
Mr Moily assured the meeting that he will follow up the decisions taken at the convention at the Central level for further action.
He hoped that in the years to come, rupee will play a major role in the world economy.
To achieve this, the export sector should play a major role, he added.
Speaking on the occasion, the Karnataka Higher Education Minister, Dr V.S. Acharya, the sectors such as information technology (IT) and biotechnology (BT) are doing good in export sector in Karnataka.
Nearly 50 per cent of BT companies in the country are based in Karnataka.
Exports
The Government is taking a step forward to boost the growth of nano-technology in the State. He hoped that the coastal Karnataka would play a major role in improving exports significantly in the next two-three years.
Mr Walter D'Souza, Chairman of the Southern Region of FIEO (Federation of Indian Export Organisations), said that most of the States have two offices of the DGFT (Director General of Foreign Trade). However, Karnataka has only one office. He requested that the DGFT consider setting up another office of the Joint Director of DGFT in Karnataka. The convention was organised by the FIEO.
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