India Introduced Policies To Stimulate Exports Of Shoes And Clothing

Printed in April 1st, the financial bulletin said that Anand Sharma, Minister of Commerce and industry, revealed in March 31st that the Indian government will implement a stimulus plan of 6 months and a total of 6 billion 250 million rupees from April 1st to promote exports of clothing, electronics, engineering equipment, pesticides and other industries.

　　其中，40億盧比將用于促進(jìn)服裝出口，特別是促進(jìn)300種鞋服向美、歐兩大市場(chǎng)出口。其余的22.5億盧比用于促進(jìn)電子、工程器材、農(nóng)藥等行業(yè)200種商品的出口。消息一出，印工商業(yè)人士立即表示歡迎。出口組織聯(lián)盟主席A. Sakthivel認(rèn)為，此項(xiàng)計(jì)劃非常及時(shí)，有助于增強(qiáng)出口產(chǎn)品競(jìng)爭(zhēng)力。 

The article believes that when the rupee continues to appreciate and the export of some industries shrinks, the introduction of the plan coincides with the time.

In March 31st, the rupee rose to a record high of 44.92 against the US dollar.

Exports of clothing, leather and handicrafts are most vulnerable to currency appreciation. Exporters fear that after the appreciation of rupees, they will suffer heavy losses in the face of competition from Chinese exporters.

Last April to January this year, India's clothing exports totaled 7 billion 910 million US dollars, down 10% from the same period last year.