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Contrary views between Govt & exporter

26
Jul '06
Country's currency Pula has been devaluing against the US dollar, but exporters could not take advantage of this opportunity, claimed Tally Tshekiso, Managing Director of Caratex, a garment manufacturing company.

Exporters have to import raw materials from the countries like India, China and Taiwan due to lack of raw material endowment in local market.

However, Assistant Minister of Finance and Development Planning, Duncan Mlazie has different view other than the Tally.

Pula's devaluation started in May 2005, since then textile exports registered 107 percent growth, informed Mlazie.

Botswana's textile industry is competitive and devaluation of Pula will help to boost exports, informed Botswana Institute for Development Policy Analysis (BIDPA).


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