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Exports from Hassan SEZ crosses Rs 350 crore
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Saturday, 23 October, 2010, 08 : 00 AM [IST]
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Our Bureau, Bangalore
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Hassan Special Economic Zone (SEZ), which has been developed by the Karnataka Industrial Areas Development Board (KIADB), has achieved an export of Rs 350 crore during 2010. The corresponding exports during 2008 and 2009 were Rs 228.71 crore and Rs.329.28 crore respectively.
The Hassan SEZ comprises multi-product export units in food & beverage processing (Fresco Foods Ltd), pharmacy sector and others. “These units in the Hassan SEZ have the employment potential for about 90,000 people – 35,000 in textile sector; 30,000 in food processing and 25,000 in pharma sector,” the commerce & industry ministry said.
This year, against an estimated project outlay of Rs 400 crore, Fresco Foods has invested around Rs 450 crore so far. Fresco Foods Ltd; another food processing unit, is exporting gherkins to developed markets in Europe.
Last year, the Central government has cleared food parks proposed at Bagalkot and Malur and will give a big push to the state's infrastructure development efforts.
The Hassan SEZ meant for intensive export promotion is one of the many Chinese style zones being planned in most of the states.
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