Re: Garment Industry in India feels Pinched by Indian Rupee
Actually indian govt has removed the cess on garment exports and it is providing subsidies for garment manufactures to ward of the effects caused due to appreciation of indian rupee. Indian officials are doing a great job by keeping the rupee appreciated and keeping inflation low. Oil touching 100$ a barrel hasn’t effect inflation in india which keeps the essentials available for the masses.
link from PIB(govt website)
http://pib.nic.in/release/release.asp?relid=34234