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TEA urges separate chapter for exports in 'Credit Policy'

16
Dec '11
Reserve Bank of India (RBI) has released the Mid-Quarter Monetary Policy Review: December 2011 and in key policy rates were unchanged.

While reacting to the RBI's policy, Shri.A.Sakthivel, President, Tirupur Exporters' Association (TEA) said in the Mid Quarter Monetary Policy Review announced by RBI, though the key policy rates were unchanged and unfortunately, there was no mentioning about the separate chapter for export sector which has been expected for a longer period to enhance our competitiveness in the global market.

Shri.Sakthivel appealed to the Finance Minister to support for the announcement of a Separate Chapter for Exports in credit policy so that the interest rates would be fixed at lower rate and could enhance the competitiveness.

Shri.Sakthivel has also sent a requisition letter to RBI Governor and Shri.Anand Sharma, Hon'ble Minister of Commerce and Industry and Textile.

Tirupur Exporters' Association


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