Garment exporters hit by rising rupee
11 June 2014
domain-B, India
The impact of the rising rupee is serious on exports. A garment export hub, is losing as much as Rs2 crore a day reports CNBC-TV18.
Premal Udani, managing director, Kaytee Corporation, is one of Tirupur’s largest garment exporters but he hasn’t got a single profitable order in three months. He’s even had to reduce order sizes from regular customers. And even though the crucial spring-summer 2014 orders will soon pour in, Udani cannot expand. Read more about Garment exporters hit by rising rupee …
