The Hindu Business Line : AP: Export target fixed at Rs 1,500 cr

THE package of incentives and concessions being offered by the Andhra Pradesh Government to export-oriented units (EOUs) has helped increase exports last fiscal.

Ms K. Ratna Prabha, Development Commissioner of Vizag Export Processing Zone, told presspersons that exports from State increased from Rs 752 crore in 2000-01 to Rs 1,247 crore last fiscal, with Hyderabad-based Dr. Reddy's Laboratories contributing Rs 500 crore.

Granite, textiles, drugs, pharmaceuticals and coffee are the major export products. She said the export target fixed by the State Government for the current fiscal was Rs 1,500 crore.

On VEPZ, Ms Ratna Prabha said exports from the zone increased from Rs 219.11 crore in 2000-01 to Rs 253.02 crore last fiscal.

According to her, for the first time in the country, the VEPZ was in the process of introducing on-line communication system for granting permissions and approvals, including those for new units. "

Send this article to Friends by E-Mail

Stories in this Section
Dumping duty mooted on acrylic yarn from Nepal

Major economies need structural reforms to sustain growth: BIS

Kerala: No more delay in pension disbursal

Centre to discuss Pampa pollution issue

India, Iraq sign pact to boost trade ties

Focus on rural healthcare insurance

Three cos shortlisted for financial district project in Karnataka

Bajaj Allianz named lead insurer for RTPS 4th unit

Power situation likely to ease soon in AP

AP Commercial Taxes Dept sets Rs 8,800-cr target

Sop to garment units in AP