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，40亿卢比将用于促进服装出口，特别是促进300种鞋服向美、欧两大市场出口。其余的22.5亿卢比用于促进电子、工程器材、农药等行业200种商品的出口。消息一出，印工商业人士立即表示欢迎。出口组织联盟主席A. Sakthivel认为，此项计划非常及时，有助于增强出口产品竞争力。 

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.