ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Export Pie in the Sky

Export Pie in the Sky Hansavivek UNION CARBIDE INDIA stepped up its exports from Rs 1.65 crores to Rs 2.30 crores last year, but even this figure was far below its expenditure in foreign exchange. The company consumed imported raw materials, spare parts and components of the value of Rs 11.94 crores and also spent another Rs 44 lakhs on technical service fees, interest and commission and Rs 56 lakhs on dividend remittances. The company exported electrolytic manganese dioxide for the first time last year and considers prospects of larger exports as "excellent'', provided adequate power is available to the Thana plant. Exports of shrimp were maintained at the previous year's level of about Rs 73 lakhs, which was the total catch realised by the two original trawlers. The company has placed orders with Mazagoh Docks for seven new shrimp vessels incorporating the parent American company's specifications, Delivery of the first ship is expected by the third quarter of this year. In addition, the company is seeking government permission for a 100 per cent export-oriented project for manufacture of ready-to-wear garments at Calcutta, which has an ultimate export potential of over Rs 20 crores per annum.

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