FIEO Southern Regional Chairman compliments RBI Governor
Welcoming
the 25 basis points cut in the benchmark interest rates, the FIEO
Southern Region Chairman Dr. A Sakthivel today said that this
initiative will boost exports in the wake of continuing sluggishness in
the world. He complimented Dr Urjit Patel for presenting his first
credit policy and under the new system of Monetary Policy Committee
with positive signal to the industry.
 |
| FIEO Southern Region Chairman Dr. A Sakthivel |
The
policy document elaborately has talked about the risks to the macro
economy from slackening of external demand and other issues of
protectionism.
Under these circumstances, the Indian exporters,
especially from the employment oriented textile and Garment sectors
suffers from high cost of production.
FIEO Regional Chairman urged the
Banks to act swiftly to reduce interest costs.
No comments:
Post a Comment