City emerging export hub

The report aims at reviewing implementation of government schemes for export promotion and has given details of focus export products. It states the city houses some 1,200 food processing companies in the micro,small and medium enterprises sector,while heavy engineering and automobile industries are major players in the economic activity in the city. It further points out that among products listed in the export-import trade from Pune as well as other districts of the state are grapes,pomegranate,flower,yarn and fabrics.

Joint Director General of foreign trade,S Bala Subramanyam Reddy,said the report was part of the review by Director General Foreign Trade on his visit to the city in January.

“Companies take benefit of many central schemes under which there are concessions on import duties on certain product ranges with obligation of exports,” he said.

On being on the top of the list of exporters,Senior VP,Bajaj Auto,S Ravikumar,said the company will retain the number 1 position this year as well. “In terms of exports Africa is the market which has been in our focus. Apart from traditional markets of Bangladesh and Sri Lanka the Central and Latin American markets have seen a growth. Nearly 35 per cent of our two-wheelers are exported whereas over half of the three-wheelers are exported,” he said.