New Delhi, Feb 5 (KNN) Apparel Export Promotion Council (AEPC) Chairman Dr A Sakthivel complimented the Reserve Bank of India (RBI) for sharing a positive outlook for the economy and said that its decisions will improve export competitiveness.

“I am happy to note that the measures announced by RBI in its bi-monthly monetary policy decision today will enhance export competitiveness and ease of doing business for exporters,” Dr Sakthivel said thanking RBI Governor Shaktikanta Das.

The Chairman welcomed the overall positive and growth oriented statements in today’s developmental, regulatory and monetary policy of the RBI. The decision to retain repo rate at 4 per cent, bank rate at 4.25 per cent and reverse repo at 3.35 per cent, and steps taken to maintain the inflation at the tolerance band of 4 per cent will help investors, he said.

“The improvement in capacity utilization in the manufacturing sector and flow of financial resources to the commercial sector will strengthen the efforts of the industry to bring back normalcy in manufacturing and exports,” Dr Sakthivel said.

He expressed confidence that the apparel industry will have full support and corrective measures through RBI’s objective of reviving the economy with measures relating to (i) enhancing liquidity support to targeted sectors and liquidity management; (ii) regulation and supervision; (iii) deepening financial markets; (iv) upgrading payment and settlement systems; and (v) strengthening consumer protection.