The Association has requested the Government to take positive steps to reduce the transaction cost thereby lending a fresh impetus to the industry to improve its competitiveness in the international market. Keeping in view the current volatile foreign exchange market, the frequent fluctuations in exchange rates would continue to erode the profitability of the exporting community.
GEA feels that readjustment of the rupee is imperative to protect the long term interest of the exporters and added that the RBI should intervene immediately in the currency market to curb undesirable movements not only to protect the long term interests of the exporters but also to maintain a healthy export momentum.
Garments Exporters Association
marketing@alchempro.com
