bmujeeb,
1. LOAD
Use load instread of import! Load is 100 times faster. I you have some foreign keys to this table then temporaly drop foreign key. After load re-create foreign key!
Be careful, export, import and load can be very time consuming. It can last some hours maybe even days!!!
2. INSERT WITH SELECT
a) Rename original table.
b) Create new table with original name with new column included.
c) use sql: INSERT INTO TABLE2 SELECT COL1, COL2, etc FROM TABLE1
Be careful this can be very time consuming.
Hope this helps,
Grofaty