Project exports log 5.4% growth in 2001-02

Monday, 25 November 2002, 08:00 Hrs
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Project exports from India touched Rs 14.34 billion in the fiscal ended March 31, 2002, registering a growth of 5.4 percent over the previous year, an official statement said Saturday.

NEW DELHI: "With increasing competition, the need for strategic approach for export promotion in the construction industry is of paramount significance," said Minister of State for Commerce and Industry Rajiv Pratap Rudy.

The minister said Indian companies had bid for overseas contracts worth 1 trillion with a 20-percent success rate.

"The consultancy firms and construction companies must work in tandem to secure international projects," he said.

Voltas Limited, a company belonging to the Tatas, India's second-largest business group, secured the maximum overseas contracts in fiscal 2001-02. The company secured overseas contracts worth 4.70 billion.
Source: IANS

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