Re rise hits garment exporters
The Statesman, India
Statesman News Service
BANGALORE, Dec. 3: The appreciating rupee is taking a heavy toll of knitwear exports from Tirupur which today accounts for 70 per cent of the country’s total exports of Rs 20,000 from this segment.
Besides dreading the prospect of a sharp fall in export realisation at over 12-15 per cent,these exporters are now staring at the possibility of retrenching over 40,000 workers in the next few months if the rupee continues to rise Read more about Re rise hits garment exporters …