Empowering MSMEs with News & Insights

Worried over falling rupee, small exporters seek PM's intervention

Updated: Jul 19, 2013 03:57:29pm
image
New Delhi, Jul 19 (KNN)   Small exporters in India have sought Prime Minister Manmohan Singh’s intervention in stabilising the falling rupee and incentivising labour-intensive sectors to stimulate manufacturing and job creation.

In a letter to the Prime Minister, the Delhi Exporters Association (DEA) said the 33 per cent fall in rupee value over the past two years had hurt the country’s image globally, according to a media report.

Further, the exporters said that owing to high volatility in the rupee value, pricing decisions have become difficult, creating uncertainty in the market.

To help compete with other countries, including China, mass manufactured goods like textiles, apparels, toys, handicraft, electronics and leather should be encouraged through incentives, the report said quoting the association.

Meanwhile at a press conference here yesterday, DEA President Tilak Raj Manaktala said the association had sought a meeting with the Prime Minister to discuss how exports from the small sector could be given a boost.

Further, DEA, in its letter, also focused on the need to bring down transaction costs for exporters and bank finance.

Small exporters was also disappointed for not being included in the Board of Trade – a body chaired by the Commerce Minister that includes industry representatives from large companies and serves as an interface between the government and industry.

“We wonder why there are no small-scale representatives in the Board of Trade. The body must meet monthly, to be meaningful, and not just a few times a year,” the media report quoting DEA said.  (SD/KNN)

COMMENTS

    Be first to give your comments.

LEAVE A REPLY

Required fields are marked *