Indian apparel exports surge 19% in July

04 Sep '13

4 min read

On depreciating rupee Dr. A Sakthivel observed that, “A stable currency and exchange rate is always good in the long run. We want buyers to have long term contracts. It is advantageous in the short run; however, it is pushing up the manufacturing cost. Moreover, on account of deprecating rupees buyers starts asking for discounts.

Those exporters with high import content of products are facing huge problem as they have to pay more now which is putting dent on their profits. In RMG products has almost 25% to 35% is average import content which is quite a big share. Moreover other currencies across world are also fluctuating. High inflation and input cost further reduces our margin.

Apparel Export Promotion Council

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